Category: Wealth Management
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From Operating a Business to Running a Family Enterprise: Treating Wealth as the New Family Business
No family business owner ever thinks it can happen to them. You spend decades building the business, nose to the proverbial grindstone day after day to create a legacy you can be proud of. Finally, the time comes to reap the fruits of your labors through a carefully planned exit, resulting in a substantial influx…
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Geller’s Practitioner Perspectives: Navigating Ultra-High-Net-Worth Divorce
Download and print the full whitepaper here. The Lowdown on Ultra-High-Net-Worth Divorce: Expert Advice on Navigating One of Life’s Leading Stress Tests January has a richly merited reputation as ushering in the start of a seasonal spike in divorces, affluent and otherwise. With the holiday season over, many already estranged couples opt to officially end…
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Business Owners Looking to Exit: Why You Need to Act Now before the Estate Tax Exemption (Potentially) Sunsets
Brace yourselves. Business owners should prepare to be inundated over the next 12-18 months (if not already) with urgent appeals from estate planners, financial advisors, and accountants to get their tax planning in order before the federal lifetime estate and gift tax exemption potentially sunsets at the end of 2025. While that might seem like a…
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“All The World’s a Stage”: Geller and CFAR Draw from the Theater World as They Host a Captivating Pre-Con Event to the Family Firm Institute’s 2023 Global Conference
On October 25, Geller and CFAR hosted a pre-conference event at The Shed, one of New York City’s newest cultural venues, located in Hudson Yards. The audience of 70 listened to a panel discussion that explored the link between the work of theater professionals and family enterprise advisors, as well as the skills required for…
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What Even is a “Family Office”—and Do I Need One?
In This Article: Most familial wealth is short-lived—can your family buck the trend? According to NASDAQ, “70% of wealthy families will lose their wealth by the second generation; 90% will lose it by the third.” The Family Firm Institute agreed with this conclusion, stating that only 30% of wealth filters into the second generation. By…
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Coping with Loss: Financial Checklist and Other Considerations After the Passing of a Loved One
Financial Checklist and Other Considerations After the Passing of a Loved One.