A new Northern Trust survey finds that most business owners are unaware of Perpetual Purpose Trusts, which can legally prohibit the future resale of a business after it is sold by a family.
- Trust & Estate Planning
- Trust & Estate Planning
As the new year begins, wealthy families are navigating a shifting landscape marked by a new presidential administration, the onset of tax season and economic uncertainty.
- Trust & Estate Planning
A court commissioner in Nevada ruled that Rupert Murdoch and his eldest son, Lachlan, acted in “bad faith” in their attempt to change the family trust to give Lachlan control of a media empire that includes Fox News and News Corp.
- Trust & Estate Planning
The research firm Cerulli Associates projects that $124 trillion in family wealth will be transferred through 2048, with Gen Z becoming the first generation to reach inheritance parity between male and female heirs.
- Trust & Estate Planning
Donald Trump’s victory in the election and the continued Republican control of Congress have thwarted the threat of the federal estate tax exemption’s being lowered, as advisers for the wealthy and ultra-wealthy prepare to take advantage of a potentially extended Tax Cuts and Jobs Act.
- Trust & Estate Planning
Arguments in a trial over Rupert Murdoch’s effort to change his family trust and hand sole control of his media empire to his eldest son concluded Monday.