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Stay up to date on current financial news with Inlet Private Wealth’s Knowledge Library. From tax and estate law changes to investment insights and trends, we provide information on the news that matters most for your wealth and estate plans.

Taking Care of the Kids: Minor’s Trust – May 2021

One of the greatest feelings for parents or grandparents in life is the ability to share one’s wealth with children or grandchildren.  It can also be one of the most significant decisions that parents or grandparents face when they gift wealth to minors.  Because of the importance, they need to decide whether to title the…

Read More about Taking Care of the Kids: Minor’s Trust – May 2021

The Spirit of Giving – April 2021

One of the greatest achievements in life is the ability to give to others.  What makes it even better is when you can receive a tax break by doing so.  Distributing one’s wealth in the most tax-advantageous way during life, as well as at one’s death, is a key financial planning consideration.  Following is an…

Read More about The Spirit of Giving – April 2021

Estate Planning When Times Are Changing – March 2021

It is often said that there are two absolutes in life:  death and taxes.  Add another absolute to that list…..change.  Now that the 2020 presidential election is behind us, many estate and tax law practitioners are anticipating broad tax law changes proposed by President Biden during his campaign.   Experts are considering these potential changes to…

Read More about Estate Planning When Times Are Changing – March 2021

Tips for Effective Estate Planning Meetings – February 2021

Tailor Your Meeting  — Planning for transfer of wealth, incapacity, and an execution of your estate plan can be a significant challenge.   However, you can look to your trusted advisor(s) for guidance when it comes to defining and executing your estate plans for future generations.  It is critical that a trustee, or directed fiduciary, understand…

Read More about Tips for Effective Estate Planning Meetings – February 2021

Unprecedented – January 2021

One of our wittier clients recently commented that on midnight January 1st, it was the first time in history we all had hindsight that was 2020.  Even Nostradamus could not have had the foresight to predict the magnitude of the Covid-19 pandemic, that oil prices would fall below zero, that shares of Hertz would significantly…

Read More about Unprecedented – January 2021

Managing Investments for Trust Accounts – January 2021

Managing investments for trust accounts is not a simple task.  Investing trust assets requires the trustee or directed fiduciary advisor to consider and balance several factors in order to carry out the trust’s purpose in the best interests of its beneficiaries.  Additionally, there are several accepted principles that affect how the assets are to be…

Read More about Managing Investments for Trust Accounts – January 2021

Discretionary Distributions: A Trustee’s Most Difficult Decision

During the drafting of a trust, a frequently overlooked provision is also perhaps one of the most important ones to consider, discretionary distributions.  What is a discretionary distribution?  Who makes them and how?   Most trusts provide named beneficiaries with net income for their lives or a term of years.  They often include a provision…

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How To Read a Will or Trust – November 2020

Anyone who has read a will or trust knows they are full of legal jargon that is, at least initially, difficult for most laypeople to grasp.  The reality is that they are not that complicated after some time is taken to read them a few times and understand the common terms. What to look for…

Read More about How To Read a Will or Trust – November 2020

Are You Effectively Using the Trust Protector Role? – October 2020

A Trust Protector is an independent person appointed under a trust instrument by the grantor (creator) of a trust with responsibilities and powers regarding very specific aspects of the trust. Although the concept of a Trust Protector (previously referred to as “Trust Advisor”) has been a part of U.S. trust law for many years, it…

Read More about Are You Effectively Using the Trust Protector Role? – October 2020

Guarding Your Legacy – Asset Protection Strategies – September 2020

Imagine that you have spent a working lifetime accumulating a significant level of assets in order to leave a financial legacy to your loved ones.  Perhaps you built a substantial and respected medical practice, a thriving manufacturing business, or a prosperous farming ranching operation Consider also that this legacy could be impaired or lost altogether…

Read More about Guarding Your Legacy – Asset Protection Strategies – September 2020

Reasons and Options for Charitable Giving – August 2020

Donating to the causes you care about not only benefits the charities themselves, it can be deeply rewarding for you as well.  Millions of people give to charity on a regular basis to support causes they believe in as well as for the positive effect it has on their own lives.  There are a number…

Read More about Reasons and Options for Charitable Giving – August 2020

2020 Q2 Quarterly Newsletter – The Great Lockdown

After free-falling over 33 percent from its peak, the market has since recovered nearly all these losses thanks to an increase in confidence surrounding the reopening of our economy. Year to date, the S&P 500 is now only down 2 percent, while the technology-heavy NASDAQ is up over 16 percent. This puts the NASDAQ’s advantage…

Read More about 2020 Q2 Quarterly Newsletter – The Great Lockdown

Aligning Tax-Deferred Retirement Accounts with Estate Planning – June 2020

During the past 30 years, the traditional pension plans that were historically important to the American workforce post-WWII have largely gone away and been replaced by the individual retirement account.  Today, a substantial portion of the wealth possessed by Americans consists of tax-deferred retirement accounts such as traditional IRAs, 401(k)s and 403(b)s, profit-sharing plans, stock bonus…

Read More about Aligning Tax-Deferred Retirement Accounts with Estate Planning – June 2020

Estate Planning When Estate Tax is not an Issue: Planning for Estates under $10 million – May, 2020

The primary focus of estate planning is often on tax-saving strategies: however, as federal estate tax laws continue to increase federal, estate, gift and generation-skipping transfer tax exemptions year after year, it is important to point out that there are many other valuable reasons why estate planning should be a priority.  Below is a summary…

Read More about Estate Planning When Estate Tax is not an Issue: Planning for Estates under $10 million – May, 2020

South Dakota vs. Delaware Situs – Which is Better? – April 2020

The topic of South Dakota as a favorable trust situs often leads to a discussion comparing the virtues of South Dakota versus Delaware. Which jurisdiction is better? Why South Dakota? Since abolishing the rule against perpetuities in 1983, South Dakota has worked diligently to  become the most trust-friendly situs in the nation. The following table…

Read More about South Dakota vs. Delaware Situs – Which is Better? – April 2020

Novel Times – April 2020

After making a record high on February 19, 2020, the equity markets have since fallen by as much as 35%. This decline into a bear market has occurred at the fastest pace in history. New records for volatility have been made with the average daily price change of 5.2% during March exceeding the previous record…

Read More about Novel Times – April 2020

How To Effectively Position Life Insurance – March 2020

As a result of the Tax Cuts and Jobs Act passed in 2017, the estate tax exemption more than doubled from $5.49 million per individual in 2017 to $11.58 million in 2020.  For many people, the primary reason to establish an irrevocable life insurance trust (ILIT) was to make sure the proceeds of their life…

Read More about How To Effectively Position Life Insurance – March 2020

Prudent Investor Considerations – February 2020

The year was 1830 and the case was Harvard College v. Amory.  In the case, Harvard College alleged that the trustees had willfully made high-risk bets in order to benefit the deceased man’s widow rather than establish a standard source of income.  As a response, Judge Samuel Putnam formulated the Prudent Man Rule, the earliest…

Read More about Prudent Investor Considerations – February 2020

To IDGT or not to IDGT – January 2020

Shakespeare gives us all some friendly advice, “Neither a borrower nor a lender be/For loan oft loses both itself and friend” (Hamlet Act 1, Scene 3).  Perhaps Shakespeare is giving us all timeless advice, but maybe, if structured properly, lending money could be a good estate planning tool. One way to lend money/stock/real estate to…

Read More about To IDGT or not to IDGT – January 2020

2020 Visions – January 2020

As a new year and decade begin, the election in 2020, negative interest rates, aging demographics, and the growth of passive investing will likely have the biggest impacts on the financial markets going forward: The Election For the past 40+ years, we have lived in a world where business has become more global while politics…

Read More about 2020 Visions – January 2020