Private Wealth
Before Buying a Private Fund: A Due-Diligence File
Review a private fund before subscribing: strategy, manager, fees, conflicts, liquidity, capital calls, valuation, tax reporting, side letters, and estate transfer.
The Private Wealth desk
Private Wealth
Trusts, family offices, philanthropy, and the architecture of a substantial estate.
35 guides · page 1 of 2
Private Wealth
Charitable Lead Trusts: Charity First, Family Later
Learn how charitable lead annuity and unitrust arrangements divide payments between charity and family, and examine gift, income-tax, investment, filing, and governance tradeoffs.
Private Wealth
Family Limited Partnerships: Control, Value, and Risk
Understand what a family limited partnership can organize, why real operation matters, and how to document funding, gifts, valuation, tax reporting, and succession.
Private Wealth
GRATs After Widowhood: What the Strategy Really Does
Understand how a grantor retained annuity trust works, what must outperform the section 7520 assumption, and which mortality, valuation, tax, and administration risks matter.
Private Wealth
Private Foundation Grants: Expenditure Responsibility
Determine when expenditure responsibility applies, perform a proportionate pre-grant inquiry, write the grant agreement, collect reports, and preserve the Form 990-PF file.
Private Wealth
Private Foundation Self-Dealing: A Family Checklist
Identify disqualified persons, screen family-foundation transactions, document permitted arrangements, and correct a potential self-dealing act promptly.
Private Wealth
The $15 Million Estate-Tax Exemption and Portability in 2026
How the 2026 federal estate-tax exclusion interacts with a late spouse's unused exclusion, taxable gifts, remarriage, GST planning, and state estate tax.
Private Wealth
Living With a Credit Shelter Trust: HEMS, Taxes and Basis
How a credit shelter trust works for the widow who lives with it: the funding formula, HEMS payouts, the trustee, 2026 trust tax brackets, basis, and portability.
Private Wealth
QTIP Trusts for a Surviving Spouse: Income, Control and Tax
A 2026 guide to QTIP trusts from the surviving spouse's side: lifetime income, principal access, the Form 706 election, estate inclusion, basis and tax recovery.
Private Wealth
How to Read a Trust as a Beneficiary: Rights, Powers and Tax
Read a trust from the beneficiary's chair: distribution standards, powers of appointment, 5-and-5 rights, trustee reports, fees, K-1s, and when to hire your own lawyer.
Private Wealth
Corporate Trustee vs. Individual Trustee: How to Choose
Compare a family trustee with a bank or trust company, including duties, fees, conflicts, succession, directed trusts, removal powers, and deposit insurance.
Private Wealth
Family Offices: Services, Costs, and Alternatives
Single-family office, multi-family office, or a coordinated team: what each does, how the SEC treats it, how costs are built, and how to choose by complexity.
Private Wealth
Private Banking: Benefits, Limits, and Costs
What a private bank provides, where its conflicts sit, how a loan against your portfolio can force sales, and how FDIC and SIPC protection differ.
Private Wealth
Inherited Private Investments: Consent, Capital Calls, and Tax
What an inherited private fund interest asks of you: partner consent, capital calls, lock-ups, investor status, estate valuation, late K-1s, and UBTI in an IRA.
Private Wealth
Equity Compensation After a Spouse Dies: Options, RSUs and 409A
Post-death exercise windows, vesting at death, the ISO relief in section 421(c), 409A deferred pay, ESPP shares, and how final pay is reported, in one deadline table.
Private Wealth
Art and Collectibles After Death: Appraisal, Insurance, and Sale
Inventory, appraise, insure, sell, or donate inherited art under 2026 IRS rules on qualified appraisals, Art Advisory Panel review, basis, and the 28% collectibles rate.
Private Wealth
High-Value Home Insurance: Valuables, Umbrella and Flood
Close the gaps a standard policy leaves around jewelry, silver, art, liability, flood, and household staff, and put every policy in your own name.
Private Wealth
Donor-Advised Fund or Foundation: Control, Cost, and 2026 Tax
Compare a donor-advised fund with a private foundation on control, cost, privacy, payout, self-dealing, deduction limits, and the 2026 charitable deduction changes.
Private Wealth
Qualified Charitable Distributions in 2026: A Widow's IRA Guide
How an IRA gift made after age 70½ can count toward an RMD, stay out of federal income, and fit within the 2026 QCD limit of $111,000.