Over the past couple of years, there have been numerous articles and presentations at professional seminars on the use of private placement life insurance and annuity products. The primary focus has been the overall tax benefits of investing in a...
The very rich are different from you and me, F. Scott Fitzgerald began one of his stories. Ernest Hemingway famously rejoined, they have more money. We would add that they also have more money managers, trustees and advisors. For great wealth...
The bad news is that the nation's grant-making foundations gave about the same in 2002 as they did in 2003 this, after six years of double-digit growth. The worse news is that many said they expected to give even less in 2003. The latest report...
From Natalie B. Choate, chair of the T&E Retirement Benefits Committee, we have this review: Ed Slott's new book, The Retirement Savings Time Bomb and How to Defuse It (Viking, February 2003, $24.95) is the book advisors hope their clients will...
Law and financial firms across the country are staffing up and expanding their trust services departments in anticipation of the much-heralded greatest wealth transfer of all time. But they may be disappointed along with many baby boomers...
Trusts and estates professionals representing high-net-worth clients have become more adept at maximizing planning techniques for specific asset classes as their awareness of the assets' economic factors and the effect of current markets on the...
Due to an editing error, Paralyzed Over Split Dollar (March, p. 28), did not completely state which rates could be used when. While all plans implemented before final regulations are published can use insurance companies' published one-year term...
The world's wealthiest foundation, the Bill & Melinda Gates Foundation, seems half-hidden, housed as it is in an industrial-looking building on a tractor-strewn edge of Lake Union in Seattle. This is where Bill Gates the elder, now 78 years old...
Trusts & Estates is hosting two business-building evenings for advisors in June. The first teaches how to build relationships with other advisors who serve high-net-worth clients. The second is a roll-up-your-sleeves working session about how to...
It is not an easy time to be a broker. Business is tough, books are deflated, the public is suspicious of Wall Street and clients want to know where Katie's college savings went. And there's that nagging suspicion planted by gloomy pundits that...
