Bill LaFond, head of the Mid-Atlantic Region and the Family Wealth division for Wilmington Trust Wealth Management, sits down with Sharon Klein, president of the Eastern U.S. Region for Family Wealth, to discuss her approach in advising successful families and individuals, and to learn what has made her so successful in her career.
Now is the time to consider both conventional and situational strategies.Routine year-end planning includes income tax, capital gains, annual exclusion gifting, and estate planning considerations.Supplementing your routine strategies with situational strategies can help further enhance your financial and tax positions.A well-coordinated plan is key to utilizing this year’s opportunities and being well prepared for what may come in the future. First and foremost, wealth planning is a process.
It’s a Thriller! What is a celebrity’s name and image worth after they die? Michael Jackson’s name and image was valued on his estate tax return at ~$2,000, by the IRS on audit at ~$435 million and by the Tax Court at ~$4 million. In this September 14, 2021 podcast hosted by ACTEC, Fellows Sharon Klein and Tom Abendroth discuss the implications of this landmark case, explore planning techniques to minimize taxes and review the status of post-mortem publicity rights across the country.