Blog Tag: Family Wealth Management
The good news is that you’ve done well financially and established a sizeable net worth. The bad news is that you now have some tough estate planning decisions to make.
High net worth families need to consider whether they should begin gifting assets to their children and grandchildren now, or retain the assets until death and then distribute. With the convergence of income and estate tax rates, parents and their advisors need to analyze numerous and competing variables when implementing a wealth transfer plan that meets their financial goals and needs.
Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, announced in December 2015, that the board decided to raise rates by .25%. This made headlines across the country because rates have been 0% since December 2008. The committee expects to make gradual increases as the economy continues to improve.