Are Family Offices the New Trust Funds?
April 29 - May 03. 2019
The emerging dynamic of lower corporate rates and higher individual tax rates could make family investment companies or family offices more appealing than trust funds for the ultra wealthy. According to research from the University of Colorado, family trust funds and other similar structures have been around since the pre-Christian Roman era. Trusts have helped wealthy families preserve and methodically distribute capital for centuries. However, the growing scrutiny of wealth in an increasingly unequal society is placing trust funds and their beneficiaries at the center of a political battleground.
Can Regulations Bolster Cybersecurity for Family Offices?
April 01 - 05. 2019
While most family offices can invest in better cybersecurity tools and training for staff, perhaps the war against cybercriminals won’t be won until the government steps in. Governments and businesses of all sizes may soon have to face the fact that cybercrime is turning into a macroeconomic hazard. According to research published by Cybersecurity Ventures, nearly 90% of all companies across the world will potentially fall victim to cybercrime over the next few years. The aggregate costs of these attacks could be as high as $6 trillion by 2021.
Impact of Tax Cuts and Jobs Act on Family Offices
Jason Michaels Senior Manager, Private Client Services RSM The impact of the Tax Cuts and Jobs Act (TCJA) on family offices is unprecedented, according to Jason Michaels, Senior Manager, Private Client Service...READ MORE
What Is the Future of Carried Interest?
Changing the tax treatment of carried interest was meant to be a cornerstone of the Trump administration’s tax overhaul in 2017. It was also one of the few policies that had bipartisan support in Congress. However, the final Tax Cuts and Jobs Act of 2017 left ...READ MORE
Increasing Global Regs Mean Higher Compliance Costs for Family Offices
An increasing global regulatory burden is leading to higher compliance costs for some family offices. The cost of wealth management has been steadily rising over the past few years, as governments demand more transparency and tighter controls on the financial services industry. ...READ MORE
Asia’s Wealthy Families Keep Wealth Close to Home
Asia’s wealthiest families seem to be keeping their wealth closer to home. As capital becomes more mobile and Asia’s wealth expands to historic levels, offshore jurisdictions in the region have cornered the market for wealth management, efficient tax...READ MORE
How Family Offices Can Navigate Lender Case Tax Ruling
A key ruling from the U.S. Tax Court presents a new challenge for family offices. In last year’s Lender Management v. Commissioner, TC Memo 2017-246 “Lender” case, the court ruled in favor of reclassifying investment expenses. Investors and inve...READ MORE
The Biggest Risk to Your Estate Plan
Much of the estate planning process addresses essential questions about taxation, trust structure, management of assets and expected returns. But a recent survey conducted by TD Wealth finds that the biggest issue in estate planning is often the least talked about - fa...READ MORE
A Look at Family Offices in LatAm: Q&A With Martin Litwak
Jul 23 – 27. 2018
The number of Latin American family offices has grown in recent years. Martin Litwak, CEO of boutique law firm Litwak & Partners, has experienced this growth first hand. In 2017, he created Latin America’s first multi-family office that focuses exclusively on legal, trust and tax matters. In the following Q&A he explains the trends impacting family offices in the region and the unique challenges they face.
Indian Angel Investors Get Tax Relief
India’s Income Tax Department has abolished the so-called “angel tax” for investors in startups who meet certain conditions. The tax has been hotly debated by startups since it impeded getting much needed capital at the seed stage. As per a notification issued on May 24, Indian angel ...READ MORE