How Well Do You Communicate About Finances?

Reading Time: 2 minutes Seventy-two percent of couples believe they communicate well about finances. However, only 43% report making investment decisions for retirement jointly, and 45% make day-to-day financial decisions jointly.  Forty-seven percent of couples...

Why Should You Consider a Family Office?

Reading Time: 3 minutes The growth of the family office has exploded over the last couple of decades with technological innovations, entrepreneurial success, and the overall growth of the wealthy demographic. This can be highlighted by the various offerings, such as...

The Evolution of Family Offices

Reading Time: 3 minutes In our first article of the family office series, we explore the history of the family office and how the evolution of this unique service offering has changed how families manage wealth. The First Family Office The origins of the family office...

Understanding the Federal Gift Tax

Reading Time: 2 minutes In 2018, around one in every five new home purchasers got at least part of their down payment from a relative—and of the parents who have contributed to this down payment assistance, the average gift is $39,000.1 With the housing market...

Are You Aware of the Child Tax Credit Changes?

Reading Time: 3 minutes New changes thanks to the American Rescue Plan Act – but just for 2021 The Child Tax Credit (CTC) was introduced through the Taxpayer Relief Act of 1997 and it was a $500-per-child nonrefundable credit to provide tax relief to families. And...

Healthcare and the Sandwich Generation

Reading Time: 3 minutes Members of the “Sandwich Generation”—or adults who have at least one parent over age 65 and at least one child who still requires financial support—often find themselves torn between their dual caregiving responsibilities.1 Being in...