Fieldpoint insights give our clients a periodic, in-depth view on issues affecting wealth, business and life.
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.
The dynasty trust is the mother of all planning techniques. Its benefits and potential harm require serious thought and likely some soul searching.
Navigating the Fine Line Between Attraction and Deception In the play, As You Like It, Rosalind makes the famous observation about courtship vs. commitment: “[m]en are April when they woo, December when they wed. Maids are May when they are maids, but the sky changes when they are wives.” The…
In this age of start-ups and founders everyone is looking for an edge. Smart tax planning can be one. There are a lot of tools in the tax planner’s kit; some however, less well known and utilized than others. One device that can be…
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…
Hotel resort fees. Airplane seat selection fees. Mobile phone plan termination fees. All of us from time to time find ourselves grappling with a myriad of fees that seem to nibble away at our hard-earned money. From overdraft fees and ATM surcharges to low account balance fees and in-person service…
The Federal Open Market Committee’s (FOMC) historic run of 11 rate hikes since 2022 shook the Fed out of its most recent era of “zero interest rate policy” (ZIRP) and pushed the Fed Funds Rate (FFR) from 0.25% in March, 2022 to 5.50% in July, 2023, where it remains today.
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…
There’s an old adage that banks are more than happy to lend money to you, as long as you don’t actually need it. In truth, while the banking industry is a popular punching bag, think about what would happen without them. Anyone who has tried to purchase a home knows…
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…
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…
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.