News & Insights: private client services
The Future of Family Office Technology
By Dean Nelson | February 11, 2020
Dean Nelson, Principal-in-Charge of Advisory Services, describes how new back-office technology has the power to innovate and improve family office processes and align technology with key business objectives.
Did You Make a Taxable Gift in 2019? Don’t Overlook Gift Tax Filing Requirements When Funding Trusts
By Christopher D. Wright | February 11, 2020
While cash gifts of are fairly straightforward (as are their impact on tax filings), there is an often-overlooked instance of the gift tax that has the potential to generate quite a headache come April—funding a trust.
Maximize Your Charitable Contributions to Minimize Your Tax Liability
By Jennifer Leelaviwatana | February 11, 2020
Since the enactment of the Tax Cuts and Jobs Act of 2017, taxpayers are limited to a deduction of up to $10,000 of state and local income taxes. However, donating to charity is still a powerful tool to minimize tax liability.
Succession Planning: Tax Considerations When Exiting Your Business
By Dannell R. Lyne | February 11, 2020
There comes a time when business owners begin to contemplate retirement and an exit from the company they own and/or are operating. It’s important to begin succession planning in advance, because how you approach exiting your business will produce different tax outcomes.
The Fallout From the New Tax Law
By Joseph M. Giampapa | Russell S. Ephraim | February 11, 2020
In preparation for the coming tax season, Joseph Giampapa and Russel Ephraim examine who reaped the benefits of the new tax law in 2018 and which changes had the most dramatic impact on high-net-worth and high-profile individuals.
Private Client Insights, Issue #1 2020
February 10, 2020
Marks Paneth’s new Private Client Insights newsletter is designed to to help high-net-worth and high-profile individuals address tax planning, trusts & estates and multigenerational needs.
The Impact of the Tax Cuts and Jobs Act on Trusts and Estates
By Laura E. LaForgia | May 29, 2019
Among the many provisions in the Tax Cuts and Jobs Act of 2017 (TCJA) were some significant changes to the taxation of trusts and estates. Tax Partner Laura LaForgia helps high-net-worth individuals and their advisors understand the temporary and permanent effects on their trust and estate tax planning strategies.
WHAT’S OLD IS WHAT’S NEW
By Robert G. Kuchner | November 15, 2016
Contrary to popular belief ― and probably in keeping with your own professional experience ― high net worth individuals (HNWI) rarely regard tax reduction and improving cash flow as chief among their concerns. For affluent investors it's really about what they can walk away with, not necessarily how much they earn. And let’s face it, a great performing investment can become a very mediocre one once taxes kick in.
This article was written by Robert G. Kuchner, CPA/PFS, a Partner at Marks Paneth LLP. “What's Old Is What's New”, will appear in the December issue of Global Business Opportunities.