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A Time for Creativity and ActionA Time for Creativity and Action

Another busy year for family offices.

Kim Kamin, Partner

December 18, 2019

7 Min Read
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Overall, 2019 was a year that focused significant attention on the wealthiest Americans and kept the estate-planning community heavily engaged in planning activities.

Increasing Concentration of Wealth

Studies in 2019 focused on the concentration of wealth in the United States, finding that the wealthiest 10% of households now represent 70% of all wealth (up from 60% in 1989), and the top 1% now hold 32% of the wealth (up from 23% in 1989).1 As a corollary, Forbes reported in March 2019 that in the United States, there are now a record number of billionaires—607.2 Such reports evidence the increased demand for advisors who have the expertise and skills to handle the unique planning needs associated with significant wealth.

TCJA Implications

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About the Author

Kim Kamin

Partner, Gresham Partners LLC

http://www.greshampartners.com/team-member/kim-kamin/

Kim Kamin is a partner at Gresham Partners LLC where she serves as Chief Wealth Strategist. In that role, she leads Gresham’s development and implementation of services relating to wealth transfer planning, trust and estate administration, philanthropy and RisingGen engagement and education. Previously she was a partner at a large law firm where for many years her legal practice involved all aspects of estate, trust and charitable planning, administration, and dispute resolution.

In addition, she is an adjunct professor at the Northwestern University Pritzker School of Law and is on faculty as a lecturer for the University of Chicago Booth School of Business Executive Education.

Ms. Kamin is on the Editorial Advisory Board of Trusts and Estates Magazine on the UHNW and Family Office committee. She is also Estate Planning and Legal Services Domain Chair for the UHNW Institute, is a frequent lecturer nationally, and publishes on a broad array of topics.

She received her B.A., with distinction and departmental honors, from Stanford University and her J.D. from the University of Chicago Law School. She is an AEP® (Distinguished) and a 21/64 Certified Advisor.