Russ Prince: Life Insurance As An Estate Tax Buffer
Death and taxes are certainties for everyone, including people worth $500 million or more, whose estates are subject to significant taxation when they pass away. While they make extensive and…
Russ Prince: This Tool Will Shield Your Celebrity Client’s Wealth From Lawsuits
Sophisticated financial advisors and other professionals set up loan-out corporations for entertainer clients such as actors and musicians to insulate their wealth from unfounded and frivolous lawsuits. Loan-out corporations can…
Russ Prince: How Pro Athletes Can End Up Losing Their Wealth
What do baseball’s Curt Schilling, boxing’s Mike Tyson, football’s Bernie Kosar and basketball’s Allen Iverson have in common? In addition to being former professional athletes who were stars in their…
The Key Components Of A Celebrity Multifamily Office
Multifamily offices are continually developing operational structures to address the needs of uniquely wealthy people. One example of this is the celebrity multifamily office, which serves highly successful entertainers and…
Russ Prince: How To Benefit From The Elite Wealth Planning Advantage
Elite wealth planning was once very much restricted to the extremely affluent. An individual or family needed a substantial fortune to benefit from many of the legal strategies and financial…
Cultivating Ultra-Affluent Investors
The population of ultra-affluent investors (those with $10 million or more in investable assets) is increasing at a greater rate than other wealth levels. This is creating a huge pool…
Inheriting The SFO
Wealthy people go to great lengths to pass their fortunes down to the next generation, or pass down their values and legacy. Sometimes they do this with a solid structure—such…
Wealth Management Tied To Loan Out Corporations For Celebrities
Loan out corporations are common ways for entertainers to protect wealth and mitigate taxes. However, relatively few of them are using them as effectively as they could. With a loan…
The Growing Appeal Of The Celebrity Family Office
For hyper-accomplished entertainers and athletes, the celebrity family office is becoming the optimal way for them to protect and maximize their wealth. Moving beyond business management or financial advisory services,…
When Family Businesses Outsource Family Office Services
A growing trend among larger, very successful family businesses is to either create their own single-family office or to use the services of a multi-family office or manage a set…