Estate Archives - Geller

Fundamentals of Wealth Longevity Part II: Estate Planning Basics with Laura Williams

Laura Williams — Mon, 26 Aug 2024 16:35:25 +0000

A recent WSJ Intelligence study revealed the top two priorities of ultra-high-net-worth individual respondents (UHNWI’s) are growing their assets and limiting tax liabilities. Despite this, a separate survey of affluent Americans found that fully 52% of respondents lack even the basic elements of a proper estate plan. Given the complexityof the issues involved, it’s little […]

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Oft Overlooked Estate Planning: Allocating Retirement Assets to Philanthropy

Mark Rubin — Tue, 13 Aug 2024 18:38:56 +0000

Many in the financial and estate planning fields primarily focus on managing cash flow during their clients’ lives and minimizing their estate taxes. However, an ancillary planning tactic—and something that we find is often overlooked—is, when an individual passes away, maximizing charitable contributions with certain retirement plan assets, such as Individual Retirement Accounts (IRAs) and […]

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7 Developments in the World of Investments and Tax Planning to Know

Meghan Grainer — Thu, 08 Aug 2024 19:31:21 +0000

Many investors have begun to turn their attention to what the rest of this year may bring, i.e., what key themes are important to be aware moving forward? Here we outline seven major developments in the world of investments and tax planning investors need to know. 1. FED, ECONOMY, INFLATION ALL IN FOCUS. AND T-BILLS’ […]

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Insider Conversations: Aligning Your Values to Your Giving Strategy

Paul Cummings — Wed, 17 Jul 2024 19:19:00 +0000

Paul Cummings: Welcome to Geller’s Insider Conversations on Intentional Giving. I’m Paul Cummings, Managing Director at Geller, and I’ve had the pleasure of working with philanthropically inclined families for decades. I’m here with Lauren Rutkin, Strategic Initiatives Manager for Geller. And for the past 15 years, Lauren has been in charge of leading family foundations. […]

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From Operating a Business to Running a Family Enterprise: Treating Wealth as the New Family Business

Allen Injijian — Fri, 15 Mar 2024 00:12:16 +0000

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

Kelly Orosz — Fri, 05 Jan 2024 20:41:32 +0000

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

Allen Injijian — Fri, 05 Jan 2024 20:39:20 +0000

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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Busting 5 Common Myths about Changing Domicile

Allen Injijian — Mon, 27 Nov 2023 18:15:15 +0000

It is our observation that wealthy people are moving out of high-tax states, such as California and New York. Particularly for high-net-worth and ultra-high-net-worth individuals and families, where you live can impact your tax obligations and overall net worth over time. When you look at the data, the trend is clear. For example, West Palm […]

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The Big Picture: Astute Art Management Is an Important Component in Maintaining the Value of Passion Assets

Mona Manahi — Mon, 27 Feb 2023 03:06:00 +0000

In November 1987, barely three weeks after what remains the single steepest crash in the history of Wall Street, Vincent van Gogh’s iconic painting Irises went under the hammer on Manhattan’s Upper East Side. Amid frenzied bidding mere miles from where the previous month’s ‘Black Monday’ mayhem unfolded on the New York Stock Exchange, the masterpiece sold for a world record-shattering $53.9 million.

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