Evercore Wealth Management
Editor’s note: Jason Sobol is a Senior Managing Director of Media and Information Investment Banking at Evercore and the Co-Head of U.S. Advisory. He focuses on advising companies in the information and media sectors, and in the past year he…
The Biden Administration’s majority in both the House and the Senate, while slim, could result in tax legislation aimed at high net worth individuals and at corporations. Negotiations will require compromise and perhaps budget reconciliation, which allows passage with just…
Business founder-owners are often so focused on managing their businesses that they struggle to prepare for the eventual transition, both on the business front, as described here and in an article by Evercore Senior Managing Director Jason Sobol, and on…
Trying to time tax policy changes can be as risky as trying to time the market. While taxes may soon rise, proposals are nothing more than proposals and no one knows what form they will eventually take. In the interim,…
We will be reflecting on the events of 2020 for years to come. But one outcome is already clear; digital interaction is here to stay. While virtual wealth planning will never fully replace in-person interaction, it does have some advantages. The…
Difficult though it may be at present to focus on long-term wealth planning, there are good reasons to do so. Lower asset values and record low interest rates may present potentially significant tax savings. Families with sufficient assets and liquidity…
Editor’s note: This is the first in an Independent Thinking series on business transition planning. This article focuses on personal considerations in selling a business; future articles will look at preparing a business (including a family business) for sale, and…
Editor’s note: Chris Zander takes over at the start of 2020 as CEO of Evercore Wealth Management and Evercore Trust Company. He is a founding partner and leads strategic wealth planning and trust and fiduciary services, working directly with clients…
Giving away thousands, even millions, of dollars may be money well spent. Strategic gifting in the current tax climate can minimize federal and state transfer taxes, maximize the transfer of wealth to future generations, and protect family assets. Readiness – of…