Fine Art and Collectables: Charitable and Estate Planning Strategies
How collectors integrate art and collectibles into charitable giving and estate planning while navigating complex tax rules.
QSBS & The Entrepreneur
In this age of start-ups and founders everyone is looking for an edge. Smart tax planning can be one. While there are a lot of tools in the tax planner’s kit; one device that can be quite powerful when capitalizing a business is Qualified Small Business Stock (QSBS)1. It can…
Giving Tuesday (Doing Well by Doing Good!)
Introduction Everyone knows about “Black Friday”. The following Tuesday, “Giving Tuesday” is perhaps less well known; these days it is considered the kick-off to the “Giving Season”. And with this just around the corner, we thought it might be timely to do a quick reminder/overview of the many ways to…
Deepfakes: Deception in the New Age
You’ve likely heard about Artificial Intelligence (AI) and how it’s transforming industries by improving efficiency, reducing errors and enabling smarter operations. But while AI can bring many benefits, it also poses new risks, especially when used maliciously. One such threat is the rise of “Deepfakes” – highly convincing fake audio,…
Eighteen Months After
Assessing the Dynamics Behind the 2023-2024 Banking Crisis and Fieldpoint Private’s Stance in the Aftermath
The circumstances that drove Silicon Valley Bank, Signature Bank and First Republic Bank into the hands of regulators are still on the minds of private and institutional clients across the country.
Introducing Create!
It is with great pride and purpose that we introduce you to create! by Fieldpoint Private. create! is an initiative to deliver banking products and services customized for the unique needs of creators living and working in the communities served by Fieldpoint Private. Its mission is to help entrepreneurs turn…
Wealth Bomb
The dynasty trust is the mother of all planning techniques. Its benefits and potential harm require serious thought and likely some soul searching.
Here Comes the Sun(set)…. It Feels Like Years Since We’ve Been Here.
A Look Ahead at the Planning Implications of a Sunsetting 2017 Tax Act As most know by now, on January 1st, 2026, approximately 20 months from this writing, the extensive changes enacted by the “Trump tax law reforms” (TCJA) of 2017 will have expired. This sunset is now squarely on…
Never Conflate a Client with a Customer
Fieldpoint Private has zero customers. It never has. Never will. This, despite deep relationships with hundreds of families and the advisors they trust most, along with their philanthropic and business enterprises across America. Zero. How can that be? It’s about language and the philosophies it reveals. Stick with me. Virtually…
Check Washing Schemes Are on the Rise
In today’s digital age, scams and other criminal behavior seem to garner additional news headlines every day, making careful stewardship of your digital financial security of the utmost importance. While many individuals and businesses have embraced electronic payment methods, it’s important to remember that physical checks still remain a significant…
Estate Says It Lacked Liquidity To Pay Taxes Without Loans
As appeared in “Tax Notes Today Federal,” April 16, 2023, by Erin McManus. The estate of a widow of a regional bank founder is challenging a $5.47 million estate tax deficiency arising from alleged additional unreported lifetime gifts and understated valuations, and from disallowed interest on loans to pay expenses. Carolyn…
The Benefits of a Corporate Trustee
When we think of a trustee, we think of an individual who is literally in a position of trust – this usually refers to someone managing property, authority or responsibility on behalf of others. Serving as a trustee carries with it a fiduciary obligation that may, in addition to a meaningful commitment of time, also require investment, accounting and legal expertise.