Financial Planning

In 2022 alone, there were over 800,000 cybercrime-related complaints which equaled a loss of over $10 billion for U.S taxpayers. This shattered the 2021 total of almost $7 billion.

The hardest part of estate planning can sometimes be getting started. It can be difficult to think about the end of your life, but preparing for the unexpected and having a solid estate plan in place can better protect your loved ones from any hassle or delay that may come from transferring your assets.

Investment property is a key component of many high-net-worth individuals’ portfolios. One potential downside, however, is that you may be faced with significant tax implications when you decide to sell property.

Private aviation has become both a symbol of luxury as well as a practical choice for those seeking a personalized travel experience. As challenges in commercial transportation continue to cause frustration among first-class passengers, an increasing number of consumers are considering private flying as an alternative. The countless options, convenience, and flexibility of a private jet provide passengers with a level of comfort unmatched by commercial flying.

Americans tend to be generous when it comes to helping out their fellow citizens. In 2020, Americans gave a record $471 billion to charities, according to Giving USA, up five percent from the previous year.

When you invest in public markets you inevitably find yourself riding the ups and downs of market swings. This is especially true when the markets are volatile like they have been recently.

Family offices are growing in popularity as the number of ultra-high-net-worth individuals (UHNWIs) increases worldwide. In 2019 there were an estimated 7,300 family offices worldwide, which was up a whopping 38% from the year before. Forty-two percent of these family offices were located in North America, 31.5% were located in Europe and 17.8% were located in Asia.

Tax rates are high, and they are likely going higher. Wealthy families and those in higher tax brackets are looking to their advisors to help lower their tax burden. One strategy that is gaining popularity is Private Placement Life Insurance (“PPLI”). When properly structured, these policies can be a powerful tool for high-net-worth families providing four key benefits that I will outline in this paper.