We are reaching out with our latest market review and investment outlook commentary. The linked file includes a review of recent financial market results, our assessment of the macro backdrop, and an update on portfolio strategy. The piece also includes a discussion of the current level of...
This article is Part 2 of a 4-part series exploring various tax issues related to disregarded and regarded intra-family installment sale transactions for estate and income tax planning. Part 1 focused on loans and debt transactions between trusts and their beneficiaries. Part 2 reviews the income...
For years, wealthy families and their advisors have utilized intra-family loans and installment sale transactions as part of an overall estate planning strategy to shift wealth tax efficiently between generations. In fact, installment sales of appreciating assets between grantors and grantor...
After the broad-based downturn in 2022, most asset categories rebounded in 2023 against a backdrop of continued economic expansion and moderating inflation. Global stock and bond markets experienced a strong year-end rally as the US Fed signaled a potential shift to monetary easing. Yet...
Tax Legislation A politically divided Congress struggled to pass any form of meaningful legislation in 2023. There had been some discussion around extending or modifying certain expiring tax provisions of the Tax Cuts and Jobs Act (TCJA). Expiring TCJA provisions were not the only tax items...
The combination of continued global economic expansion with moderating inflation provided a favorable backdrop for financial markets in the first half of 2023. Corporate earnings results were generally better than expected, which improved investor sentiment toward equities. The US market rally was...
Despite some weakness thus far in August, the combination of continued global economic expansion with moderating inflation has provided a favorable backdrop for riskier assets thus far in 2023. So far, the economy and corporate profits have proved more resilient than the consensus expected. Despite...
Ultra-affluent families with excess capital often have dual goals of charitable giving and preserving wealth for future generations. The Charitable Lead Trust (“CLT”) is an ideal vehicle for accomplishing these competing objectives. Please click here to read more.
Recent market concerns have centered on the banking crisis that began with Silicon Valley Bank, but attention has now turned to the debt situation of the United States Government. The US hit its $31.4 trillion debt limit on January 19, which means the government cannot technically issue any new...
Given the news flow over the past few weeks, accompanied by financial market volatility, we are reaching out with a brief commentary piece to share our perspective. The attached provides a summary of our assessment of the macroeconomic backdrop and current portfolio positioning
In late December, Congress passed a significant omnibus budget bill. Included was the Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022 (“Secure Act 2.0”), which contains various retirement and other changes that practitioners and their clients need to be aware of. It...
In addition to a one-page executive summary, our most recent Investment Commentary includes a review of recent financial market results, our assessment of the macro backdrop, and an update on portfolio strategy. Here’s an overview: 2022 proved challenging for most asset categories as...
