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Is a Wealth Tax in Our Future?
South Dakota Trust Company
Given the rhetoric and possible need for additional tax revenue in the U.S., families of wealth and their advisors should be aware of the future possibility of the wealth tax particularly when
Corporate Transparency Act Creates Privacy Concerns for Family Offices and Private Trust Companies
Waller Lansden Dortch & Davis
High net-worth families for whom privacy is a paramount consideration may be concerned that the Corporate Transparency Act, which became law on January 1, 2021, creates a risk of sensitive ownership
Handle with Care: Planning for the Fragile Beneficiary
Greensfelder, Hemker & Gale
Estate planning can encompass more than addressing your potential tax exposure. It frequently requires protection of a “fragile beneficiary,” who can include family members with
A Golden Opportunity: Wealth Transfer Planning in 2020
Gresham Partners
With the distinct possibility that the U.S. election can result in tax law changes, it’s time to reinforce the wealth planning strategies. There are four reasons certain wealth transfer
Massachusetts Estate Tax Can Now Apply to Out-of-State Trusts
Hemenway & Barnes
The tax stakes are substantially higher in Massachusetts for the residents than they are for nonresidents. However, with the latest court ruling, Massachusetts estate tax can now apply to out-of-
Planning for Liquidity Events with Wyoming Entities
Willow Street Group
For families holding illiquid assets, anticipatory pre-liquidity planning can greatly improve asset protection, wealth transfer, and tax outcomes. Using Wyoming entities, a review of pre-liquidity
Getting Ready: What You Need to Know About Preparing Your Legacy Plan
Baker Hostetler
The basic foundation for every core legacy plan starts with five documents: a will, an irrevocable or living trust, a durable power of attorney for financial management, an advanced medical directive
Jurisdiction Comparison for Wealth Transfer Planning
Willow Street Group
In the current environment, many families are reevaluating and modifying their fiduciary structures. To assist in these discussions, a reference summary of state laws is provided to help families
Improving Tax Management of Grantor-Retained Annuity Trusts
Parametric
In light of the current economic downturn and renewed possibility of rising tax rates, there has been a noted increase in the use of grantor-retained annuity trusts (GRATs). Although this type of
An Overview of Trusts & Trustees
Willow Street Group
When seeking to preserve the family legacy and wealth, families can create custom-tailored trusts to meet their specific needs and goals. In this overview, learn about why families form trusts, the