Between 2023 and 2045, it is projected that $84 trillion in assets will pass to Millennials and Generation X from their Baby Boomer parents through generational and multigenerational planning.1 A multi-disciplinary, multi-generational planning approach will be critical to providing a bridge for high net worth (HNW) families to provide long-term succession and family governance solutions….

In the world of high-growth ventures, successful startups are creating monumental wealth for young entrepreneurs. However, amid a focus on scaling their businesses and pursuing exit strategies, new entrepreneurs often overlook an essential element of personal finance: income tax planning. Source link

Qualified small business stock (QSBS) presents an important estate and tax planning opportunity, especially for high net worth individuals (HNW) and business owners. Understanding the intricacies of QSBS under Section 1202 of the Internal Revenue Code allows for strategic planning to improve financial results, namely, reduced exposure to income tax and estate tax liabilities. Let's…

It is easy to get a trust established under the law of a US state to be classified as a foreign trust for US federal income tax purposes. It can be just as easy for a foreign trust classification to happen by accident. While there are ways to cure this accident without US tax consequences,…

In this very interesting and entertaining episode, Schultze Asset Management Founder George Schultze shares his insights into the world of distressed investing. George discusses the basics of distressed investing, how the current macro environment affects the distressed debt markets, and why he believes there is a huge opportunity in distressed debt. Learn more about zephyr…

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Ron Pruitt has been named the new president of Orion Wealth Management. Ryan Beach preceded Pruitt in the role, leaving in March after serving from September 2022. Connected: AI Wealthtech Startup Jump Wins 'Best in Show' at WealthStack Tech Demos Before taking on the new role, Pruitt served as senior vice president of Nasdaq Analytics…

As an estate planner or investment advisor, you may be faced with a client who asks you for advice about considering a life settlement for their insurance policy. A life settlement is an option for a policy owner to sell and exchange their life insurance policy for a lump sum payment that is higher than…

The 10-year rule, applicable to most funds that will receive retirement benefits after passage of the Designation of Every Community Retirement Improvement Act (SAFE Act), presents a dilemma for non-Roth individual retirement accounts. For the vast majority of beneficiaries whose income level does not rise to the highest income tax bracket, leaving these assets in…

A new report from JP Morgan Asset Management posits that investors are likely to achieve the most effective portfolio allocation in real estate by mixing public REIT holdings with private assets in key sectors. The sweet spot that offers the highest returns with the most modest levels of volatility ranges between a 60% to 80%…