News of real interest.
One of our least favorite things to deal with, other than filing our income tax returns, is to focus on our estate planning documents. Some of us don’t want to consider the family dynamics that must be addressed. Some don’t want to think about leaving loved ones behind. Others don’t want to jinx themselves – fearing that if they execute their estate planning documents maybe somehow t…Read post
“And now for something completely different.” – Monty Python
When one has written quarterly commentaries such as these for nearly two decades, there comes a point at which you feel like you are repeating yourself. But then a quarter like this one comes along, and it seems like simply turning the previous commentary inside out would suffice. While it may not be apparent from readin…Read post
Family Limited Partnerships (FLPs) and other closely held family entity structures have been a staple in estate plans amongst high net worth families for decades. An FLP is a type of partnership that typically holds a variety of assets such as stocks, bonds, real estate and business interests. An FLP is comprised of a General Partner and Limited Partners. The general partner typically mainta…Read post
Just when you thought that we might make it through one quarter without financial markets being sent into a panic by a headline news event . . . . Brexit! The vote, which was held on June 23, sent ripples of panic across global financial markets as investors digested the news and quickly readjusted their portfolio exposures. Despite the swiftness and shock with which the news of Brexit hit financi…Read post