This fall marks 100 years since President Woodrow Wilson signed into law the Revenue Act of 1916, which introduced the estate tax to Americans. Originally proposed by Congress as a means to raise revenue in the face of the then-called “Great War” sweeping Europe, the estate tax is imposed on a person’s assets at death. In honor of National Estate Planning Awareness Month this October, what follows are three popular options to reduce or eliminate estate tax liability.
News outlets were flooded on Tuesday with the news that Angelina Jolie had filed for divorce from Brad Pitt, her husband of two years and partner of nearly 12. With six children, numerous international properties, and an estimated $400 million joint net worth, “Brangelina’s” divorce is likely to be more complicated than most. Even without the harsh media spotlight, divorce is almost always a devastating, challenging ordeal.
Barron’s ranking of the Top 100 independents is based on assets under management, the quality of the advisors’ practices, and the revenue they generate for their firms.
August brings with it thick humidity, lunch boxes, new book bags and apple-smocked outfits as kids go back to school. Student loan debt has ballooned to $1.36 trillion, and according to Student Loan Hero, the average Class of 2016 graduate has $37,172 in student loan debt, a six percent increase from the previous year. One way parents can help alleviate this debt burden is to start saving early! There are several good options for college savings, and one of the most popular is a Section 529 plan.
Robert Balentine, Chairman robert-balentineand Chief Executive Officer of Balentine, was just named as one of the country’s Top Wealth Managers by Forbes. According to SHOOK Research, the firm behind the Forbes rankings, more than 11,000 nominations were received for this listing and more than 4,000 were invited to apply.
The second quarter of 2016 ended with a bang, as the United Kingdom voted to leave (“Brexit”) the European Union on June 23. This marked the second time in six months that global stock markets experienced severe stress, following the worst January in recorded history.
Much has been written about Prince’s death on April 21, and while the news has mostly focused on his music legacy and the surge in purchases following his death, financial news outlets are discussing the fact he died without a will. With an estimated $300 million at stake, it could take months – if not longer – to untangle the estate. While Prince was unique in many ways, his estate situation is not.
After months of speculation, on June 23 the UK voted to leave the European Union (EU). Since then, markets have been in turmoil, and many wonder what will happen next, both in the markets and in portfolios.
Newspaper headlines shout the story: “Mass Migration in Europe is Unstoppable” and “A Mass Migration Crisis, and It May Get Worse.” Despite the near-apocalyptic tone of the press, the actual situation is not as unique as suggested. The humanitarian crisis is heart wrenching; however, we are going to focus on addressing the broader questions of human migration trends, the specific issues facing Europe and what the future might hold, and potential investment implications.
A key theme in Balentine’s 2016 Capital Markets Forecast is that public market returns face strong headwinds going forward. Valuations in equities and bonds are near all-time highs which create difficulties for clients who seek real return. It is therefore Balentine’s job to bridge this gap, taking intentional risks in portfolios to smartly increase the expected return for clients. One way Balentine aims to achieve this is through a diverse allocation to private capital.