Tag: Newport Capital Group

Investments, taxes, estate planning, philanthropy, risk management and family governance all play integral roles in preserving and growing wealth across generations. And yet, these areas are often approached independently, as though each exists in a vacuum.

For readers who wonder and worry if you will have enough money to comfortably retire and be able to leave an inheritance, you are not alone.

Choosing the right Certified Public Accountant (CPA) and/or Trust and Estate (T&E) attorney is crucial for high-net-worth families. If your overarching goal is to manage wealth effectively and ensure financial security across generations – which for most families, it is – then working with highly-skilled and knowledgeable experts is simply a must.

Many high-net-worth families have long-term goals of transferring wealth to future generations while also giving back to the communities and causes they value. This article focuses on a strategic, effective and efficient method for carrying out both objectives: donating stocks.

With the myriad responsibilities keeping owners focused on short- to medium-term needs and objectives for the business, there is often less time to think and plan critically for the long-term future.

Only about 10% of families can expect their wealth to last beyond their grandchildren’s generation. That was one of the findings of a widely cited study from the early 2000s, which followed 3,250 families over 25 years. On average, a staggering 70% of a family’s wealth was gone by the second generation.

In an exciting moment for the Two River area, Domenic DiPiero, owner of The Two River Times, has announced he is donating the newspaper to a newly created 501(c)(3) organization. DiPiero’s gift will ensure the area has a local news source for generations to come.

One question that comes up quite a bit is: Does it make sense to use trusts in my planning?

For people who have not given much thought to the titular question, the answer may seem like a binary choice. Leave your kids all of your money, or none of it.

2024 is a critical year for estate planning.