Israeli shipping billionaire Eyal Ofer has donated $15.2 million to the Tate Modern of London, helping to fund the biggest expansion in the museum’s 13-year history.
Ascent Private Capital Management has hired an historian to manage an asset that some families cherish as much as their money: their legacies.
IKEA billionaire Ingvar Kamprad, Europe’s richest person, said he will move back to Sweden, a country he fled four decades ago to avoid high tax rates.
Annual family gatherings or family retreats have become a recognized best practice for advisors serving successful families.
A huge wave of wealth transfers is expected in the coming years and financial advisors who prepare for it will be most successful.
The Obama budget's elimination of exemption reunification, combined with a smaller gift tax exemption, would make lifetime gift planning far more complicated for wealthy families.
All the gifting that was rushed into place at the end of 2012 proved unnecessary. Now, many clients want their assets back.
Family-held businesses have long struggled to maintain size and stature through generations...
President Barack Obama wants to again rely on the top-earning U.S. households for most of the tax increases he’s proposing.
Financial advisors should think again if they believe the $5 million gift tax exemption has become a permanent part of estate tax law.
"Permanent" is a key word wealthy families and their advisors have locked onto in the aftermath of the nail-biting fiscal cliff negotiations, but it's still too early to get too comfortable,...
After taking advantage of generous transfer taxes in a mad rush last year, and then seeing the benefits go largely unchanged in the recent U.S...
Time is running out on a potential once-in-a-lifetime gifting opportunity. Here are some opportunities for advisors to consider.
The Institute for Preparing Heirs conference highlighted why advisors need to help multigenerational families communicate better so future wealth transfers are much more successful.
Wealthy families should consider using trusts to take advantage of historically low tax exemptions before their possible expiration at the end of the year.
Many clients are eager to take advantage of the $5.12 million gift exemption before it expires but are hesitant to part with such a significant portion of assets...
Lovell Minnick Partners LLC, a private equity firm, has agreed to buy Kanaly Trust, a wealth management firm with approximately $2 billion in assets under management.
In January 1999, a trust set up by Mitt Romney for his children and grandchildren reaped a 1,000 percent return on the sale of shares in an Internet advertising firm.
A majority of families wealthy enough to have their own financial offices may have estate plans that are sorely out of date, according to a survey by Rothstein Kass.
Genworth Financial Trust Company has launched Trust Connections, a program designed to help independent financial advisors handle trusts when a corporate trust officer is required.