Financial Guides and Whitepapers

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

Background Marilyn and Arnold are in their 60s with three adult children. Marilyn is a managing partner at a large law firm, whose annual compensation is over $8M per year. Their personal portfolio includes private equity funds and they have some concentrated positions they are looking to diversify. They live in a high income tax state. Marilyn plans to retire in five years, so they want to make sure that they have enough cash flow to maintain their current lifestyle without dipping excessivel

What is a Qualified Personal Residence Trust? A Qualified Personal Residence Trust (“QPRT”) is an irrevocable trust that holds either a Grantor’s personal residence or occasional residence for a certain term, then distributes the property to named beneficiaries at the end of the term. How does a QPRT work? Each person is entitled under the tax code and regulations to create a QPRT for a primary residence and an occasional residence. The Grantor makes a gift of his or her personal or occasional

Take control of your finances during and after divorce with our complimentary divorce planning guide. Like any major life transition, divorce can be a complex process to navigate. That’s why our advisors work alongside you and provide expert advice to help you regain confidence in your financial future. Download this comprehensive guide to learn how to: Get organized before the divorce. Avoid common mistakes. Reorganize your life after divorce. Establish a financial plan with an updated budget

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 remaining at 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 charitable