Wealth Building

On the cover: June 2024

Guy Bardone's Terraces and Mer- Chora, Patmos sold for $2,432 at the Doyle At Home auction on April 24, 2024, in New York City. A French painter, Bardone was known primarily for his bold and colorful palette, use of light and sense of movement. His best known works depict landscapes and still lifes, painted using…

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Tax law update: June 2024

• The final regulations set out rules for applying for an extension of time for certain generation transfer tax (GST) elections.— Section 2642(g)(1) of the Internal Revenue Code directs the Treasury to apply regulations to provide extensions of time when a taxpayer fails to make a timely election for: • share the GST tax exemption…

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NIL-Based Fundraising Moving Towards Extinction?

Christopher P. Woehrle explains how the rise of name, image and likeness-based fundraising to compensate student athletes may be reaching a legal crossroads. Source link

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Identification and solution of common problems with the QPRTs

Many clients set up qualified personal residence trusts (QPRTs) in years past when the exemption was much lower and estate tax rates were higher. Back then, it often made sense for some clients to sacrifice the step-up in income tax basis that would otherwise result from holding a residence until death. QPRT planning was helpful…

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Why are non-resident aliens attracted to the US trust situation?

The United States has become a very popular trust country for non-resident aliens (NRAs).1 This trend has increased dramatically since the mid-1990s with the evolution of modern US trust, tax savings, asset protection and privacy (not secrecy) laws.2 Additionally, many NRAs prefer a US trust site over an offshore trust site that may be blacklisted.3…

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The economic and political implications of the 2024 elections

Join us for a timely and insightful webinar where Orion OCIO Chief Investment Officer Tim Holland, CFA® engages in a dynamic conversation with Steve Pavlick, Director of Policy Research at Renaissance Macro Research, on the upcoming election and what could mean for the US stock market and economy. From the race for the White House…

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Private equity is no place for your clients' retirement money

(Bloomberg Opinion) — Retirement is expensive. If you're lucky, yours will last several decades and you'll earn little or no income. So if you want to have enough money when you retire, you basically have three options: Save more, take more risk with your investments, or work longer. Many people find the first and third…

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Wealth Management Investing: Doug Huber of Wealth Growth Group

WealthManagement.com's David Bodamer sits down with Doug Huber, vice president of investment strategy at Wealth Enhancement Group, to dig into how RIAs approach private market strategies amid the continued evolution of alternative investments. Doug focuses on: What is the trend of democratization of alternative investments and increased access of investors How education plays…

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A look into the future for 401(k) plans.

The most self-aware, self-aware, or mindful people I know are very good at being present, listening to what others have to say without interruption. The highest state of being comes when we see reality as it is free knee reactions or personal bias that is the goal of deeper forms of meditation. But we see…

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Famous Estates: The Gilded Age and the Implications of Inherited Wealth

Even celebrities are not free from the pitfalls of poor estate and legacy planning. With their lives and finances often in the spotlight, it can be easy to figure out where they're falling short and how to avoid the same problems if you know where to look. Join David Lenok and his guest, psychologist and…

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