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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.

Basics of Cost Basis – September 2021

Any time an assets is sold, whether it be stock, real estate, or another investment assets, the gain or loss on the sale will be determined by calculating the difference between the cost basis and the amount for which the asset is sold.  Generally, the cost basis is the purchase price, leaving out exceptions for…

Read More about Basics of Cost Basis – September 2021

Dividing Tangible Personal Property in an Estate – August 2021

Most people are likely to leave behind tangible personal property when they die.  This property typically includes jewelry, clothes, vehicles, furniture, household furnishings, silver, books, art, photos and anything else you can touch.   Distributing the property can be difficult since it can rarely be done equally.  In addition, many items may have little or no…

Read More about Dividing Tangible Personal Property in an Estate – August 2021

A Big Planning Mistake…Incorrect Titling of Assets – July 2021

Planning for a family’s transfer of wealth and ensuring successful execution is a complex process.  Clients look to their trusted advisors for guidance when it comes to defining and executing their estate plans for future generations.  Too often, individuals and families go through an arduous financial and estate planning process and then fail to finish…

Read More about A Big Planning Mistake…Incorrect Titling of Assets – July 2021

Halftime 2021

On May 25th, the number of restaurant reservations made on OpenTable returned to pre-pandemic levels and during June, the average number of video streaming services utilized per U.S. user declined for the first time.  “Cord-cutting” is rising again and the number of Costco memberships is now higher than the number of U.S. households that pay…

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Estate Planning: An Important Family Decision – June 2021

Planning for a family’s transfer of wealth, plans for incapacity, and executing on those plans can be a significant challenge both for clients and their trust advisors.  Clients look to their trustee advisors for guidance, and it is critical that a trustee or directed fiduciary understand the many variable at play, including family dynamics, and…

Read More about Estate Planning: An Important Family Decision – June 2021

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