Delafield Wealth Management

The Tax Cuts and Jobs Act of 2017 introduced a 20% tax deduction focused on pass-through businesses. While the deduction has been around for a few years now, many business owners are still wondering whether they will qualify and how to optimize the deduction. While everyone’s circumstances are different, and we encourage consultation with a tax advisor, the Act created an opening for several planning opportunities to potentially reduce tax bills for owners of such businesses. First, a little ba

As financial advisors, we have the privilege of working with numerous families, witnessing their triumphs, heartbreaks, milestones, and life transitions. Over the years, one consistent theme has emerged - the reluctance, and sometimes outright fear of, discussing financial matters between generations. The topic of money remains a sensitive one, entwined with pride, independence, and often secrecy. Parents, particularly those who have built significant wealth, grapple with how and when to share

Relationships are many things, and one of those things is a financial partnership. But what happens if one part of that partnership chooses to relinquish all decisions to the other? Due to lack of interest or lack of confidence, it is common for one partner/spouse to manage the financial decisions. However, this can be both problematic and risky for the non-financial partner. The best financial planning processes engage both members of a relationship. It’s critical to find ways to both educate

2022 has been a challenging year for investors. Although this type of drawdown in equity markets is not uncommon, what happened in bonds has been unusual. In times like these, or any time we experience market volatility, the natural reaction is feeling the need to “do something.” What we have seen time and time again though, is that doing something when markets are causing the greatest pain is rarely productive when it comes to meeting long-term planning needs. Below are four reasons why stayin