Financial Guides and Whitepapers

What is a Charitable Remainder Trust (CRT)? It is a trust where non-charitable beneficiaries (usually the grantor and grantor’s spouse) receive payments at least annually during their lives or for a number of years, and a charity receives the trust assets remainingat the end of the trust term. A charitable trust is also referred to as a “split interest trust”. This is because the beneficial interests in the trust are “split” between the initial non-charitable beneficiaries and the charitab

The Wealthspire Investment Team recently completed a search for an Evergreen Private Equity Fund. This piece provides some background, context, and insights into what we learned. hbspt.forms.create({ portalId: "3388819", formId: "8d910e2b-63c6-4337-8ac6-e37502e1260f" });

For many, turning 50 represents a significant moment of self-awareness. It’s also a time when uniquely successful individuals become aware that their financial lives have become complicated enough to deserve a closer look. This checklist defines the financial concerns specific to you as you move into your mid-career. You are established and have slowly accumulated your wealth over the years, so now it is time to look ahead and plan accordingly. Download the Mid-Career

Approaching retirement represents a significant milestone in life’s journey Our Checklist helps you answer a host of questions regarding retirement: when to take Social Security, how much income to take from their portfolio, what kind of budget should be followed and other issues related to managing the later stages of life. If you know you should be planning for your retirement, but don’t know what questions to ask, or where to find information, then this checklist is the place to start.

Here we have provided a “cheat sheet” to keep in mind for 2024 federal estate, gift, and GST exemptions, as well as exemptions and inheritance tax consequences in states that impose their own estate, gift, or inheritance tax. Federal Estate, Gift, and GST Tax Below is a summary of the current federal estate, gift, and generation-skipping transfer tax provisions for 2024. Note that, under current law, the increases in exemption amounts that began in 2018 are set to expire in 2026, at which point

Section 1202 – An Overview Previously, we've discussed the historical context, shareholder/corporate qualification requirements, and common shareholder issues faced by holders of Section 1202 stock, more popularly referred to as Qualified Small Business Stock (QSBS). IRC Section 1202 allows qualified shareholders to exclude from federal income tax the greater of: $10 million of realized capital gain, or 10 times the stockholder’s adjusted cost basis, upon the sale of QSBS in a calendar year. Th

There are few industries in the world that have accomplished what the US commercial aviation industry has—an almost perfect record of safely delivering passengers at heights of five miles and at speeds in excess of 500 miles per hour—and it has  done so year-after-year. According to the Aviation Safety Network, “2019 was one of the safest years ever for commercial aviation.” This checklist defines what you and your family can do in times of financial uncertainty in order to prepare fo

Many who find themselves on the brink of divorce say they aren’t fully aware of what they have or what they will obtain post-divorce - or whether they can even afford to get divorced. However, this is a common issue, and your level of financial literacy should not be a source of embarrassment, nor should it prevent you from leaving an unhappy marriage. Once you decide to divorce, the next step is to arm yourself with information. Download our checklist to help you get organized and feel be

Introduction It’s not uncommon in a relationship for one partner to handle most of the finances and for the other to have little or no interest – or involvement – in the process. Many are not the ones responsible for managing the day-to-day finances in their relationship. They may be experts in their own fields, but they may not fully understand the investments, know their accountant or attorney, or feel any sense of general financial preparedness. If difficult situations or unexpected events

Congratulations! You’re getting married! In addition to planning your ceremony and guest list, you may want to take this time do some advance work for financial planning. We often think of marriage as being all about romance, but at the same time, marriage is also a contract between two people to form a household, potentially to start a family, start businesses, or buy property. As we know that disputes over money are the #1 reason why marriages end in divorce, we have prepared this Pre-Marital

Background Louise and Johnny are in their 50s and have a blended family with 3 children (2 of whom are adults from Johnny’s first marriage). Johnny is a successful entrepreneur, having sold start-up businesses in the past with huge gains upon each exit. They continue to build wealth since Johnny remains an active entrepreneur and is setting up another new start-up business with investors already in place. When they joined Wealthspire Advisors as clients, they had relatively simple Wills in pla

Background Daniel and Michelle are in their 70s, have 4 children and 7 grandchildren, and a net worth around $60M. Daniel set up several real estate partnerships worth around $40M. They have revocable trusts and an irrevocable children’s trust that was funded with $2M in 2013. At this stage of their lives, they are comfortably living off the distributions from the real estate partnerships but are concerned about their eventual estate tax liability and how the real estate partnerships will be d