In a recent article titled, 17 Celebs Who Won’t Leave Their Kids An Inheritance, celebs like Bill Gates, Jackie Chan, Sting, Marie Osmond, and Laurene Powell Jobs all said they will not leave an inheritance for their children. For example: “It’s not a favor to kids to have them have huge sums of wealth.
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In a loft, nestled around a large wooden artistic-type table overlooking the NYC landscape, sat two generations of a family. As my team led the family through their meeting agenda, it was time for the parents to share their “intended living legacy” (we provide a tool to parents to help them draft this). Dad began
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Are you planning a substantial transfer of wealth this year? You’re not alone! Due to anticipated changes in United States tax law, many affluent Americans are considering the option to transfer substantial amounts of family wealth into the hands of their beneficiaries in order to maximize the current lifetime exemption from federal gift or estate
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Matisse was a 2019 first round draft pick for the Philadelphia 76ers. Both in college and now in the pros, he is known for his defensive prowess. Matisse is in his second NBA season and although he rarely starts a game, when he comes off the bench he immediately makes an impact whether it is
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Todd Martin is an American retired tennis player. He reached the men’s singles final at the 1994 Australian Open and the 1999 US Open and achieved a career-high singles ranking of world No. 4. On a related note, Kobe Bryant was interviewed a few years ago on the Tennis Channel regarding his book Legacy and
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Robert De Niro won an Academy Award for his performance as Vito Corleone in the 1974 film The Godfather: Part II (making Brando and De Niro the only people to win Oscars for playing the same character). There is a lot families should learn NOT to do that Di Niro’s character Vito Corleone did in
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INTRODUCTION: As you know, the US is implementing a three-phased approach to reopen the economy after stay-at-home orders are lifted. Just as the US is saying it’s time to open our economy, it’s time for us to open up family conversation again. In Phase 2 conversations, we grapple together with honesty about our response to this current
Read more INTRODUCTION: As you know, the United States is implementing a three-phased approach to reopen the economy after stay-at-home orders are lifted. Similarly, the way families are responding to this crisis seems to be following a three phase process as well; specifically, in the way we are communicating with one another. During Phase One of this
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INTRO: Whether you’re together or separated from your family members right now, we know you’re doing your best to stay connected, and desiring to have meaningful conversations, but may be unsure where to begin. All of us are working to make vital pivots to adapt to this new reality, and facing unique challenges. None of
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In an article published by Legacy Capitals titled, Engaging Families in Philanthropy 3.0, we write: When people think of philanthropy, they typically envision affluent people writing large checks to nonprofit organizations, but the true scope of philanthropy has far greater impact and complexity. Etymologically, the word philanthropy refers to the love of humanity or promoting
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