Evercore Wealth Management
When there is disruption or uncertainty, there is a natural urge to seek shelter elsewhere. While it may be prudent for a United States citizen or green card holder to diversify an investment portfolio by increasing exposure to foreign markets,…
Trusts are a central part of an overall estate plan for many families. One of the most important decisions is identifying someone to carry out this plan – to stand in your shoes when you are no longer able. Just…
Limited liability companies, limited partnerships, and other closely held entities, including certain business trusts, must now identify and report all beneficial owners to the Financial Crimes Enforcement Network, a bureau of the U.S. Treasury. A beneficial owner is any individual…
Life insurance is often unnecessary for ultra-high net worth families. But in the right circumstances it can be a powerful planning tool, helping to provide estate liquidity, fund buy/sell agreements, or shelter taxes. Here are a few brief highlights: Income…
The wonderful thing about growing up in one country and living in another is that you get to come “home” twice on a single visit. But managing family assets across borders can feel like more than twice the work. Families…
Any inheritance represents more than the value of the underlying asset, for both the benefactor and the beneficiaries. That’s especially true when the inheritance includes a family business, real estate, a collection, or another precious asset. When the practical and…
Stress tests can actually take the stress out of our biggest, most complex tests. That’s how regulators evaluate financial reserves, community organizations prepare for disasters, and doctors and trainers measure how healthy we are. It’s also how families can prepare…
Each sibling, they say, experiences a different family. That’s true for their parents too, as they watch each of their children grow as individuals, so different from their brothers and sisters, no matter how close in age or how much…
Families facing addiction, autism and other physical, mental, and emotional health issues are not alone, even if it can feel that way at first. Over three million children in the United States, or almost 5% of the total, have some…