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Business Succession Planning through a GRAT

Andrew J. Horwitz, CFP® |
My Business
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If you own a business that you wish to pass on to your heirs, a Grantor Retained Annuity Trust (GRAT) can offer tax savings and other advantages.A GRAT is a popular method of transferring property tax -efficiently, such as stock in a closely held business, to a trust in exchange for an annual payment (or annuity) for a term of years.GRATs allow a business owner to maintain control of the business, while passing along appreciation to the beneficiaries in the form of closely held stock.

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Becoming a Philanthropist: It’s More than Just Writing Checks

Wealth Planning
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There are many factors to consider when becoming a philanthropist or starting a charity.   Establishing a new charity requires many important considerations.Adopting a strategic vision for the charity brings discipline and focus to philanthropy.Prudent investing and fundraising are key to a charity’s growth potential.Just as an individual goes through life cycles, so does a charity.

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Delaware Trust Advantages for Business Owners

Jeffrey C. Wolken |
My Business

Control, protection, and privacy are key benefits of a Delaware trust.The state of Delaware has long been one of the most favorable places to establish a business.Delaware is also an excellent place to create a personal trust for estate planning or asset protection purposes.A Delaware trust offers many of the advantages of other trust-friendly states, along with unique elements that make it a preeminent jurisdiction.

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