Family Office Insights

Family Office Insights - Life Insurance? A powerful tax planning opportunity if used correctly

Like many industries, the insurance industry has continued to evolve over the past decades. The evolution in the insurance industry has resulted in a type of insurance referred to as private placement life insurance.

Family Office Insights - Why are individual taxpayers considering transferring wealth in 2021?

With recent election results, many high net worth individuals who did not use up their lifetime gift exemptions in 2020 are considering doing so now in 2021.

Family Office Insights - Approaches to wealth transfer in the age of COVID-19

COVID-19 has had a profound impact on almost all aspects of life, but one facet remains unchanged: the importance of estate planning. It may be difficult to find the time to focus on estate planning when there are so many other issues to contend with. But there are compelling reasons for – and potentially significant benefits to be gained by – taking action now.

Family Office Insights - COVID-19 tax relief for individuals and family offices

COVID-19 has created significant hardships for individuals, businesses, and family offices, not the least of which may be business and investment losses. A “disaster relief” provision, which has existed for decades, allows individuals and family offices to take certain COVID-19-related business and investment losses incurred in 2020 and accelerate them into your 2019 tax returns.

Family Office Insights - How family businesses can attract and retain top talent

Much of the success of your family business or private company has to do with the efforts of one or two key employees, and you want to reward them. A popular approach is offering stock-based rewards which can be delivered either in actual shares of stock or in cash. These plans allow private companies to attract and retain talent while allowing employees to share in the company’s success.