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Wealth Planning in Times of Coronavirus

Wealth Planning in Times of Coronavirus

April 16, 2020
Personal wealth, especially in times of crisis, is subject to many types of risk

And those risks are numerous:

New Tax Rules Push Wealthy Families to Lower Taxed States

New Tax Rules Push Wealthy Families to Lower Taxed States

Feb 18, 2020 The 2017 Republican tax law is having a noticeable impact on where wealthy individuals and family offices are based. Taxpayers who collectively generated $32 billion in 2018 moved from high-tax to lower-tax states last year, according to a Bank of America Global Research analysis of income migration data. This interstate wealth migration is multiple times larger than any at any other time in the past 13 years.

Family Offices Encouraged to Review Estate Plans Under New SECURE Act

Family Offices Encouraged to Review Estate Plans Under New SECURE Act

Jan 28, 2020 Major changes to the United States retirement system come into effect in 2020. A shift in the way inheritances and retirement accounts are treated for tax purposes could compel family offices and wealth planners to shake up their estate plans.

The SEC’s new proposal could change private investments forever

The SEC’s new proposal could change private investments forever

Jan 07, 2020 Last year, the Securities and Exchange Commission (SEC) proposed amendments to the definition of “accredited investor” and the definition of “qualified institutional buyer” that would expand the list of people and institutions currently capable of investing in the private capital markets. That may impact asset valuations and liquidity for family office and institutional assets across the board.

New Transparency Regs Could Impact Real Estate Market in Cayman Islands

New Transparency Regs Could Impact Real Estate Market in Cayman Islands

Dec 5. 2019 Wealthy investors and family offices that have real estate in the Cayman Islands could see the value of their holdings readjusted as property investment rules and financial regulations are tightened.

Impact of Tax Act on U.S. Top Tier Real Estate

Impact of Tax Act on U.S. Top Tier Real Estate

Oct 30. 2019 Family offices and private investors have been grappling with a steadily declining luxury and prime real estate market across the U.S. While this downturn has been driven by a number of factors, the 2017 Tax Cuts and Jobs Act could be partially responsible, according to experts.

Why Canada’s Tax Rules Are Particularly Favorable to Family Businesses

Why Canada’s Tax Rules Are Particularly Favorable to Family Businesses

Sept 5. 2019
Family offices and family businesses in Canada are allowed to play by an enviable set of tax rules that make selling a family business or planning for succession exceptionally streamlined.

FATCA-Inspired Transparency May Have Left Family Offices With Little Privacy and a Hefty Bill

FATCA-Inspired Transparency May Have Left Family Offices With Little Privacy and a Hefty Bill

Aug 29. 2019
U.S. family offices and institutional investors have had to bear the brunt of the Foreign Account Tax Compliance Act (FATCA) since 2010. However, the success of FACTA has inspired other jurisdictions to implement similar policies in recent years. The latest piece of legislation is the Mandatory Disclosure Rules introduced by the European Union last year.

How Divorce Among the Wealthy Differs

How Divorce Among the Wealthy Differs

July 12 2019
The grueling process of dividing assets between a divorcing couple often involves an army of lawyers, paperwork and proceedings. That’s not to mention the mental agony and emotional turmoil of an extended legal dispute with a former loved one.

News Roundup

News Roundup

Shannon Kennedy Image Credit: Source - Bank of Montreal June 24 - 28. 2019
Deals and Investments ● Wildcat Capital Management, the New York-based family office of private equity house TPG founde...

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