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With the past two years as a backdrop, risk management and insurance for 2022 will be anything but simple. It will entail assessing vulnerabilities with regards to changes such as permanent work-from-home arrangements, increased exposure to extreme weather events, cybercrime, and various pandemic-related ripple effects. High net worth individuals and families will need to look at risk management and insurance in a whole new light: It’s no longer a commodity but an important part of protecting their lifestyle and future.

Managing family wealth over the long-term requires careful thought and a well-structured estate plan. Before making specific decisions about what’s best for your wealth, it’s wise to spend time considering what it is you really want to see happen with it. There are steps you can take—including considering trust options—to help create a legacy plan that both reflects your values and incorporates tax-efficient ways to transfer your assets.

Ultimately, how well your wealth transfer plan fulfills your legacy and meets the needs of the next—and future—generations depends on whom you name as your trustee(s). This makes your trustee selection one of the most critical aspects of an already complex wealth planning process. To help navigate this selection process, work with a framework built around understanding your specific needs and selection criteria across three core fiduciary capabilities.

The art environment is diverse and constantly changing. Wealth planning with art offers many opportunities, but it is also quite nuanced. Acquiring, managing, valuing, and transferring art require thoughtful planning and the advice from trusted experts and advisors to realize the full value of individual works or a collection. For those who have an affinity for art, we explore the key considerations when it comes to incorporating art into your wealth planning and management—including the art relationship, the value of art, appraising art, transferring art, and selling art.

The 2018 U.S. Trust Insights on Wealth and Worth® study asked nearly one thousand high-net-worth individuals about their approach to building wealth and the extent to which they are using it to achieve their goals and support the causes they care about most. The study found that while wealth provides the freedom to do more, it also brings increased obligations, expectations and demands.

The time has arrived when you are about to retire or transition your business, bringing a reliable source of income to an end. Do you have adequate sources of funds available to replace that income so that you can maintain your current lifestyle? This is a common planning question among the millions of Americans approaching retirement, regardless of age or overall net worth. If properly executed, a detailed approach to planning and investing can result in a longer time horizon for your financial resources during retirement.

Estate planning is often part of a divorce settlement, and negotiation of these terms can be as integral to the divorce settlement as allocation of parental responsibilities, support issues, or division of marital estate. For example, even a relatively simple Marital Settlement Agreement may generally contain waivers of an ex-spouse’s right to make claims to the other party’s estate upon death, including rights to property and to act as a trustee or executor of the estate.