As we approach year-end, Bob and I wanted to share a planning opportunity that’s becoming a key conversation across our client base. Several provisions of the 2017 Tax Cuts and Jobs Act (TCJA) are scheduled to change beginning in 2026, and many of those adjustments will reduce the tax benefits of charitable giving, particularly for high-net-worth families who itemize.
This white paper draws upon the collective experiences observed over decades within networks of ultra-high-net-worth individuals – particularly those who have transitioned from the demanding world of entrepreneurship to the often-perplexing realm of wealth management. It illuminates the critical considerations and common pitfalls that entrepreneurs face after the exhilaration of a successful exit fades. We delve into the crucial aspects of preserving and growing wealth, addressing the unexpected emotional challenges, and adapting to a new identity beyond the business they built.
The first quarter of 2025 has been marked by significant developments: a shift in Federal Reserve expectations, escalating trade tensions, and a notable decline in consumer sentiment. Recent announcements regarding new tariffs have further influenced market dynamics, underscoring the importance of staying informed and maintaining a disciplined investment approach.
