Moving a MA Irrevocable Trust to NH - Income & Estate Tax Consequences
Should I move my MA Irrevocable Trust to NH if my goal is to maximize what my children will inherit? Starting in tax year 2023, Massachusetts enacted...
What is Legacy Planning & Why is it Important?
Legacy is a multifaceted word that likely conjures up different reactions depending on who you ask. The Oxford Dictionary defines it as either:
Making the Right Choice Between Charitable Gift Annuities and Charitable Remainder Trusts
For many ultra-high net worth families, giving to charity is an important component of the overall family wealth strategy. Many people regularly make...
On Our 20th Anniversary, Lake Street Advisors Has a Lot to Celebrate
Looking Back In 2003, with just two partners, two employees, a strong work ethic, and a dream to provide independent financial advice to ultra-high...
An Interview with Dr. James Grubman, Originator of Wealth 3.0 - The Evolution of Counseling Families of Wealth
Family wealth psychologist Dr. James Grubman is an internationally recognized consultant to families of wealth, family enterprises, and the advisors...
Importance of Financial Wealth Planning for Executives of Start-ups
Like the companies they work for, executives of start-up companies face unique and complex financial challenges. Unlike their peers who work for...
Family Roadmap to Financial Independence for the Next Generation
We spend a lot of time with the families we partner with implementing a variety of initiatives – tax efficient wealth transfer and estate planning,...
Entrepreneurs & Executives: 5 Personal Wealth Items You Need To Be Thinking About
When discussing wealth management with founders and executives, some of the most common questions we hear are, “what should I be thinking about”, or...
Why Inflation Matters & How Asset Allocation is Your Best Tool
"Make the best use of what is in your power, and take the rest as it happens.” - Epictetus
Important Considerations: Real Estate Ownership Structure & Asset Protection
Real estate can be a significant asset on the family balance sheet and often holds a large emotional place within a family’s legacy. Oftentimes...