For many trust grantors, choosing a trustee is one of the most challenging tasks of setting up a trust. The grantor must have confidence that the trustee will not only carry out their wishes, but also possess the stewardship skills necessary to protect the...
Family offices are no strangers when it comes to bricks and mortar, and real estate truly is a staple asset class in many family office portfolios. What’s more, is that it’s even where many family offices originated, in the case of in-house in real estate companies....
It’s been over two years since the original Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted, and some Individual Retirement Arrangements (IRA) beneficiaries still struggle with navigating their accounts to minimize associated taxes and...
Planning can help optimize annual RMDs depending on your goals and cash flow needs. Mandatory withdrawals from retirement accounts begin for most taxpayers at age 72. But retirees who don’t need the money often have questions. For example, what’s the best...
Americans can sock away much more money next year in their retirement accounts — thanks to higher prices. The Internal Revenue Service on Friday released the maximum annual contributions to 401(k) and similar retirement accounts along with individual retirement...
It’s easy to transfer cash when a charity pulls at your heartstrings. But other giving strategies may provide a bigger tax break, financial experts say. Despite economic uncertainty, nearly 70% of Americans plan to donate a similar amount to charity in 2022 as last...
