Evercore Wealth Management
Increasingly, our lives are conducted digitally. From communicating with loved ones, to storing documents and photos, to conducting financial activities, a significant portion of our activities are online. What happens to our digital lives upon death or disability – and…
It’s time to take a fresh look at trusts. They need not be the rigid, expensive edifices familiar to previous generations or fans of Downton Abbey. A modern trust should be a flexible, dynamic structure that protects and promotes a…
Delaware punches well above its weight in helping advisors protect client family assets. For more than one hundred years, the state has actively supported trusts and it continues to lead the country in estate planning innovations. Delaware is now home…
One of the advantages of age is perspective. I’m further along the financial life cycle than many of my younger partners and able to voice the concerns of my generation – and the experience of a long career in wealth…
Significant changes in Social Security will impact married Baby Boomers who have not yet filed for benefits. If your birthday is on or before May 1, 1950, there is still time to implement the so-called file and suspend strategy to…
Trust beneficiaries and their trustees face a dilemma. Yields on a balanced trust portfolio, at 2.6% after taxes, fees and inflation, are about half of what they were in the 1970s, arguably lower than their grantors ever envisioned. What is the…
Same-sex couples across the United States are reviewing their estate plans in the wake of the June 26 Supreme Court ruling that legalizes same-sex marriages in all states. Here are some of the issues families should begin considering, in consultation…
There is an old saying in this business: You can make a small fortune by handing over a large one to a bank trust department. That was certainly the case for almost 200 years, and some would argue that it…
Most high net worth families know that they are able to efficiently transfer wealth by making annual exclusion and lifetime gifts to their children that reduce the taxable value of their own estate. Many don’t realize, however, that they can…