by Ken Hoffman A new twist on a popular planning tool that can increase your value to clients by impacting their own bottom line while maximizing their philanthropy. The Charitable Lead Annuity Trust (CLAT) is a trust that promotes legacy planning for both philanthropic interests as well as family, passing assets to the next generation…
There has been much talk about the rule change in Section 457A made in 2008 that generally requires deferred compensation in offshore hedge funds that is attributable to services performed prior to January 1, 2009 to be included in gross income by the end of 2017. It seemed far off, and there was some speculation…
Dozens of wealth managers, financial planners, accountants, attorneys, foundation professionals and philanthropy advisors came together on April 19 in a beautiful conference room at Bernstein with sweeping views of Central Park to launch a new chapter of Advisors in Philanthropy (AiP) in New York City. AIP’s mission is to inspire and educate advisors, helping them…
Wealth managers, take note of these statistics: Women in the U.S. control $5 trillion of wealth. More than half of women with investible assets of $1 million think that their financial advisor doesn’t understand them. Less than 25% of financial advisors are women, the same percentage as a decade ago. 70% of women leave the…
Americans over 65 are more likely to donate money or goods than any other age group, according to the new Merrill Lynch study, “Giving in Retirement: America’s Longevity Bonus.” On average, they give more than double what adults 25-34 give, according to the study, conducted with Age Wave, a research group. The report projects a…