The Importance of Collaboration in High-Net-Worth Estate Planning In my prior article, “Planning for Gilligan is different than planning for Thurston Howell, III” I mention the fact that for high-net-worth clients, it is very important to get all the advisors on the same page. Collaboration is critical. There are income tax issues, estate and gift […]
By: Kevin A. Ganser, Esq., LL.M. in Taxation According to Charity Navigator, total charitable giving in 2017 increased to $410m, which represents a 5.2% increase in giving from 2016. Indeed, charitable giving has increased year over year every year since 1977 (with the exception of 1987, 2008, and 2009; all of which coincided with worldwide […]
Introduction: Estate planning is not just about passing on assets to the next generation; it’s about creating a legacy that transcends generations. One innovative and increasingly popular strategy in the realm of estate planning, especially among high-net worth families, is the creation of a “family bank.” This approach offers a comprehensive solution to managing family […]
Appreciation in Value more Important than Using your Exemption
