3+ day, 9+ hour ago  (803+ words) Blake Harris is an Asset Protection Attorney and Founding Principal of Blake Harris Law. Offshore asset protection planning is one of the most debated areas of wealth preservation. Discussions about offshore trusts frequently reference a small group of legal cases…...

3+ day, 16+ hour ago  (140+ words) Certainly, if such a high profile shareholder and company could create a purpose trust it is feasible, but costly and complicated. Although there has been growing talk about purpose trusts, there are potential issues. Hopefully, those issues will be resolved…...

3+ day, 14+ hour ago  (377+ words) After a death, families are often hit with an exhausting mix of grief, paperwork, tax deadlines, financial decisions, clutter and in some cases, surprising state taxes and fees. Join us live June 18th at 12pm EST with staff experts Kelly Phillips Erb…...

1+ week, 3+ day ago  (394+ words) When brands are looking to target wealthy New Yorkers in the summer, there's just one place to go: The Hamptons, which is exactly why Vivrelle decided to open a pop-up for the second year in a row in Bridgehampton. While…...

1+ week, 5+ day ago  (477+ words) Evan Edwards is the CEO of Project Equity, a national nonprofit that helps businesses and communities build wealth through shared ownership. "It may seem counterintuitive, but it's never too early to plan for how you will exit the business you…...

2+ week, 2+ day ago  (449+ words) Most families don't need to worry about the federal estate tax. The current federal exemption from the tax ($15 million per person, or $30 million per married couple) is high enough that little more than one in a thousand estates is hit…...

3+ week, 21+ hour ago  (1020+ words) Planning for inherited retirement accounts used to be different. In many cases, beneficiaries could stretch distributions over their own life expectancy, which allowed for tax deferral and spread the income tax bill over years, or even decades, when IRAs were…...

3+ week, 6+ day ago  (637+ words) By Michael Gold CFP, MBA, CEPA, The number of ultra-high-net-worth (UHNW) families continues to grow, and while this growth presents major opportunities, it also increases complexity. As wealth increases, businesses expand, assets span multiple jurisdictions, investment portfolios grow more complex,…...

1+ mon, 1+ day ago  (436+ words) I've spent my career helping people build wealth, but there is one Estate Planning 101 truth I always share with my clients: Building wealth is only half the battle; the other half is protecting it so it actually reaches the people…...

1+ mon, 2+ week ago  (342+ words) Most of the asset protection planning that I see is pretty bad. Rare is the asset protection plan that doesn't have at least one significant defect, and most have several. Maybe these defects can be remediated, but a lot of…...