Through the use of trusts, prenups and taking care of business deals during his life, Hugh Hefner left his family and his legacy in a very good place to move on from following his death.
President Joe Biden's plans to double the capital gains tax for those earning $1 million or more would affect only about 0.32% of American taxpayers.
Does the pandemic constitute a 'natural disaster?'
The changes reform advocates seek would require U.S. family offices to register as investment advisors and publicly report holdings on a quarterly basis.
President Joe Biden will propose almost doubling the capital gains tax rate to 39.6% for those earning $1 million or more, an increase from the current base rate of 20%.
The plan would boost the capital gains rate to 39.6% for those earning $1 million or more, an increase from the current base rate of 20%.
The giant contracts recently signed by these two young MLB stars can act as a teaching moment for "normal" clients.
But they worry about U.S. financial literacy and estate readiness.
The world’s 500 richest people added $1.8 trillion to their combined net worth last year, lifting the total to $7.6 trillion.
High-net-worth families and family offices may be particularly vulnerable.
