In our most in-demand session, experts will share the latest updates in estate laws and taxes that family office executives need to watch for in 2014 and beyond.
Presented at FOX Regional Member Briefing June 26, 2014, our host BNY Mellon's Joe Samulski presents on the topic Fiduciary Trends and Best Practices.
Family offices and multi-family offices still grappling with Dodd-Frank are now faced with changes in gift and estate tax, personal income tax and business taxes from The American Taxpayer Relief Act of 2012. In this session Thomas Abendroth and Robert Pluth Jr. of Schiff Hardinbrings provided insights into the implications of these changes and how...
What are the latest political and legislative developments and what do families need to be aware of post election? Jeff Cook of the Policy and Taxation Group discussed coming tax and estate planning legislative changes on Capitol Hill and what they they need to know to be prepared for 2013 and beyond. Key takeaways include: Ame...
David Friedman, President of WealthX, will share his firm's research on the private business marketplace, identifying its size and ownership by industry type. David will compare US ownership trends with patterns found in other parts of the world and how transfer taxes impact business structures. He will help us evaluate the importance o...
Researchers examine 50 years of historical S&P 500 Index data and compare the actual tail risk frequency and magnitude to the expectations of a typical investor operating under modern portfolio theory. The difference between the two is surprising, and it suggests that investors have significantly underestimated tail risk frequency and severity.
A well designed absolute return portfolio should not encounter the frequency or magnitude of declines associated with volatile growth portfolios. The absence of large losses is the hidden strength of the approach, acting as a strong suppressant to investors' inherent fear biases, which, in turn, allows for a more consistent compounding of wealth ov...
Philanthropically minded families are vulnerable to the misuse of the personal financial information contained in mandatory filings that become public. However, these families are not defenseless; by following the best practices in this paper, they can greatly reduce the likelihood of being victimized.
Businesses worldwide are increasingly using social media networks to advertise and communicate with potential customers and constituents. Regardless of whether a business is using social media, its employees certainly are. Here are four reasons to establish rules for how employees use social media sites.
Planning ahead is the most important thing you can do to protect yourself and your family. Besides protecting your home from a possible burglary, it is important to think about your personal security. This article offers 28 tips for preventing a break-in and another 13 for keeping family members safe.
It is more important than ever for people with substantial wealth to fully understand their liability risk. In addition to wrongful termination and/or discrimination lawsuits filed by domestic staff, automobile injury claims, and libel and defamation lawsuits resulting from online activity, their overall lifestyle can create unique risk exposures.
The authors summarize the history of the IRS' voluntary disclosure programs to date and conclude that, indeed, it is still possible for a U.S. person to become U.S. tax compliant and avoid criminal prosecution by making a voluntary disclosure.
This guide covers wealth management and tax planning strategies to consider before year-end and into 2012. Topics include tax management, wealth transfer planning, education funding, philanthropy, retirement, liabilities management, insurance, business owner issues, tax implications of health care reform, and building a strategic plan.
Investors and advisors focused on wealth growth and preservation may see environment, social, and governance/socially responsible investing as taxing a portfolio's performance. This paper offers a framework with associated metrics for assessing ESG/SRI integration into the portfolio with the same rigor and discipline used in all other fiduciary dec...
Nearly all states have “delegated” trust statutes, but only a few states, such as South Dakota, have “directed” trust statutes, which provide families with maximum flexibility and control regarding a trust’s asset allocation, diversification, investment management and distributions.