Building wealth is tough. Giving it away prudently is tougher, though. Whether it is planned transition to children and other heirs, or philanthropic giving to charities, or setting up a private foundation, the options are many and complex. Worthune sheds lights on the options and explores the pros and cons and relevance to various situations.
There are a different college savings options for wealthy families, but confusion abounds about what path is the right one. In particular, for high net worth parents and grandparents, providing for a college education to the next generation, while balancing taxes, moral hazards (kids having access to too much money), risks and controls, and wealth transfer [...]
Worthune’s comprehensive and in-depth guide to Donor Advised Funds (or D.A.F.s) helps wealthy families understand the new and hot concept in charitable giving spanning areas like how a Donor-Advised fund works, what are the pros and cons of a donor-advised fund, the tax implications, and a brief overview of the various sponsoring organizations. Donor Advised Funds [...]