News & Insights: private client services
Private Client Insights, August 2020
August 26, 2020
This special issue of Private Client Insights provides you with timely and insightful information.
An Overview of Self-Directed IRAs, or Conversations I Have With Investors
By Avery E. Neumark | August 26, 2020
There has been a marked increase among informed investors in placing alternative investment assets into their holdings via a self-directed IRA (SDI). These retirement investment vehicles usually hold a broader range of investment options and, as such, are good for diversification purposes.
Overcoming Common Estate Planning Misconceptions
By Christopher D. Wright | August 26, 2020
An examination of some of the most common misconceptions that get in the way when setting up an estate plan or making alterations when life changes occur.
Private Client Insights, Issue #2 2020
May 19, 2020
This special issue of Private Client Insights provides you with timely and insightful information related to the COVID-19 outbreak.
Estate Planning Considerations in Light of COVID-19
By Sara Rabi | May 14, 2020
The rapid escalation of the coronavirus pandemic has motivated clients to finalize their estate planning documents.
COVID-19: An Opportunity for Gift and Estate Planning at Low Valuations
By Angela Sadang | May 14, 2020
Business owners and high-net-worth individuals can take advantage of low valuations during this time to minimize gift and estate taxes.
Special Rules for Use of Retirement Funds
May 14, 2020
By Lorri Morris
The CARES Act includes several provisions that cover retirement accounts and changes that will impact retirement income strategies.
Is Now the Right Time to Convert to a Roth IRA?
By Galina Portnoy | May 14, 2020
The current downturn in the stock market due to COVID-19 and today’s low tax rates create ideal conditions for a Roth conversion.
How COVID-19 Is Affecting Your Exit Plan
By Dannell R. Lyne | May 14, 2020
For owners who are contemplating, planning or executing an exit plan, various factors must be considered to ensure an equitable deal is possible considering the current COVID-19 pandemic.
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.