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Family Office | High Net Worth Individuals
Hot Topics / Insights
November072022
Retirement and Estate Planning Under the Secure Act

The SECURE Act (the Act), enacted at the end of 2019, introduced sweeping changes to retirement plans. Estate planning revolving around retirement plan benefits has changed since the Act took […]

September192022
Should a Revocable Living Trust be Part of Your Estate Plan?

Estate planning can be a complicated matter, with many things to consider during the process. One consideration is the various types of trusts available to the individual. Among these is […]

August012022
Considering a Life Insurance Policy?

Life insurance is one of many financial instruments out there. Its primary purpose is to provide a financial benefit to the dependents of the insured. I remember during my childhood, […]

June212022
Is a Spendthrift Trust Right for You?

Do you have a loved one to whom you want to leave money or assets to but who may not be financially responsible? A spendthrift trust may be an appropriate […]

May022022
Tax Planning for New York Estates

The federal lifetime gift and estate exemption has been a hit with high net worth individuals. However, these individuals need to keep in mind that along with the federal estate […]

April012022
Proposed Minimum Income Tax on Super High Net Worth Individuals

BERDON TAX TEAM 4.1.22 | Client Alert Premise: Beginning in 2023, individuals with a net worth in excess of $100 million would pay a minimum annual income tax of 20% […]

March242022
Inherited IRAs Less Generous Per New IRS Guidance

Berdon Personal Wealth Services Team 3.24.22 | Client Alert At the end of 2019, the Secure Act (“the Act”) introduced the 10-year rule, requiring most non-spouse designated beneficiaries (non-eligible designated […]

March072022
Spousal Lifetime Access Trusts

Steve and Madison have done well during their lifetime and accumulated a significant net worth. They have not done any estate planning over the years. However, due to a recent […]

January052022
Berdon Names a Diverse Group of Seven New Partners

1.5.22 | Press Release NEW YORK – “We are particularly pleased with the diverse group of new partners who, in their own unique ways, have demonstrated the technical excellence and […]