"We'll see the fallout starting on this year's tax return, " says Justin Ransome, a tax partner for family wealth planning in Grant Thornton's national tax office in Washington, D.
If you do not get carried away with your own genius when your stocks go up, or hang your head in despair when they do not, then you can make use of the long-term strategies like family wealth planning and tax management that are our stock in trade.
The four practical areas involved are investment management, financial planning, wealth management and life planning.
So, is Glassman Wealth Services planning to handle our client portfolios differently if we do see much higher tax rates?
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He has enjoyed good relations with city financiers while redistributing wealth through planning decisions: developers are allowed to build in return for including affordable housing and other goodies for the poor.
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"You would have thought we would have had some certainty by this point, but as we get closer to Dec. 31 the uncertainty seems to be getting greater, " sighs Mitchell Drossman, national director of wealth-planning strategies with U.S. Trust.
"The cutting edge of wealth-transfer planning is mostly being done for entrepreneurs, " says Stephen Kenney, director of client strategies for Pell Rudman, a private wealth manager in Boston.
His practice concentration is in domestic and international asset protection, wealth preservation, tax planning and compliance, and related litigation.
Bob Kresek, managing partner of financial planning and wealth-management firm Founders Financial Network, said he hadn't received a single call Monday from worried investors.
In a recent study, 73% of women felt that passing money to children and causes is important, but only 14% have conducted detailed financial planning to ensure an effective wealth transfer.
Once in an FLP or LLC, the assets fall under the control of a manager, who decides the size and timing of distributions, says Scott Winget, a senior director of planning at Wells Fargo Family Wealth.
The greater the wealth the more significant the tax savings using these planning tools.
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I'm the president of Marotta Wealth Management, a fee-only comprehensive financial planning practice in Charlottesville, Virginia.
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Under the umbrella of wealth management we often find investment management, advanced planning and private investment banking.
Tata Motors, India's largest four-wheel automaker, is planning to capitalize on all this spreading wealth by releasing the Rs One Lakh.
Tata Motors (nyse: TTM - news - people ), India's largest four-wheel automaker, is planning to capitalize on all this spreading wealth by releasing the Rs One Lakh.
The following vulnerabilities were discovered: not saving enough for retirement, not protecting their wealth, having improper investments, and not having basic estate planning documents in place.
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Andrew Fisher is president and chief investment officer of Maxim Global Wealth Advisors, an independent wealth management firm providing tax-efficient investment strategies and retirement planning.
What many parents of LSC offspring ignore is that with proper planning you can neutralize the dis-incentivizing effects of inherited wealth and run a business.
The state is also in charge of national planning, eradication of poverty, and making sure that national wealth is distributed in an even manner among its citizens.
That helped drive the acquisition of U.S.Trust and its trust and estate-planning expertise, which thrusts Schwab into the rather different market of wealth management.
And through the discipline of good planning and the miracle of compound interest, you should be able to build wealth for yourself and a better future for your family and a secure retirement.
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The bottom line is big estates require a lot of advance planning, which presumably the Kochs have engaged in, even as they pile up wealth within Koch Industries.
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Because of your substantial wealth you must now consider short and long term income, gift, estate and generation skipping tax planning.
If your goal is building wealth, you will want to make sure you are educated on the basics of investing and financial planning through whatever resources your employer offers.
So many retirees are so concerned with penny pinching to leave as much wealth as possible for their children but overlook the details of their wills, power of attorney and estate planning.
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