skip to Main Content
October 19, 2021

3rd Quarter 2021 Market Commentary

The S&P 500 declined by 4.7% in September to finish flat for the 3rd quarter. This was the index’s first sign of weakness since the sharp rally from the bottom in March 2020 as it has returned at least 6%…

October 12, 2021

Pandora Papers Painting Trusts with a Tainted Brush…

On Sunday, Oct 3rd the International Consortium of Investigative Journalists (“ICIJ”) released the “Pandora Papers.”  More than 600 journalists from around the world released confidential documents and dealings of political elites, government officials, celebrities, and the wealthy.  This group of…

August 25, 2021

5 by 5 Power Basics and Considerations

What is a 5 by 5 Power?  A 5 by 5 power, or right of withdrawal, is a power provided to a beneficiary to withdraw principal from the trust within a specified period.  This power must be specifically referenced in…

August 4, 2021

Change is Coming, Start Your Planning Today!

At the end of May, the Biden Administration released the government’s budget, along with the Treasury’s Green Book, which is the Administration’s proposed tax strategy to fund the budget.  The Green Book is not proposed legislation, so the legislation will…

June 7, 2021

Delaware and Silent Trusts

Many high-net-worth individuals express concerns about notifying their children of a Trust they are a beneficiary of as their children may be young adults who typically do not have the ability, knowledge, or maturity to handle their family’s wealth appropriately.…

May 17, 2021

Invest Early, Invest Often

A recent article about wealth inequality in the US and the growing wealth gap highlighted the stark difference between the top 1% and all others. Total wealth (assets minus liabilities) in the US is estimated at over $100 trillion (Brookings…

April 30, 2021

What is Distributable Net Income, and Why is it Important?

The IRS views most trusts as a separate and distinct tax entity, and accordingly, the IRS taxes them as such. Trusts will often have a separate Tax Identification Number (TIN) and file their own separate tax return, IRS Form 1041,…

Back To Top