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The Caldwell Trust Company Blog

Managing the Impact of Wealth for Future Generations

Posted by Sandy Pepper

Many families worry what the impact of wealth will have on their children and how and when to communicate about wealth. Each family’s wealth, their heirs, and their balance sheet and the type of assets they own are different. More important, the relationships clients have with their children are unique and quite possibly different with each child. Thus, there is not a one size fits all to these discussions and frankly they should be lifelong discussions.

One of the most important aspects during these discussions is to be clear on what your values are; if the wealth is multi-generational and you have inherited a portion of your current wealth, the values of prior generations should also be discussed.  In the majority of cases, the death of a parent is not the time for the children to find out about their inheritance and wealth transfer.

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Topics: Trusts & Estate Planning

Pfizer and Allergan Merger Terminated

Posted by Caldwell Trust

As you have heard by know Pfizer and Allergan PLC terminated their planned $150 billion merger after the Treasury department implemented a new rule that ignores up to 3 years worth of US acquisitions when determining a company’s size. To reap maximum benefits, shareholders of the inverting company need to own between 50 and 60% of the combined entity and without going into a longer explanation up to 80% ownership in the combined organization also works, but the tax perks are diminished, above 80% they are lost entirely.

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Topics: Corporate

Estate Planning: Don’t Overlook Asset Titling

Posted by Sandy Pepper

Planning for dying is never easy, and it can be an especially difficult task for those with large families and/or significant assets. The complexity of the laws surrounding inheritance and taxes continues to increase, and attempting estate planning today without professional advice is unwise.

Asset titling is an important part of a comprehensive estate plan. Most people think that if they have gone to the trouble of setting up a will, then they have basically taken care of their estate planning. That might have been true 40 or 50 years ago, but the complexity of the tax and inheritance codes today means you really need to work with a professional like Caldwell Trust Company to examine all of your assets and make sure they are assigned to the right individuals or organizations. This is particularly true if you have set up a management trust or similar structure as part of your estate plan.

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Topics: Trusts & Estate Planning

 


 

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