Articles

Background Louise and Johnny are in their 50s and have a blended family with 3 children (2 of whom are adults from Johnny’s first marriage). Johnny is a successful entrepreneur, having sold start-up businesses in the past with huge gains upon each exit. They continue to build wealth since Johnny remains an active entrepreneur and is setting up another new start-up business with investors already in place. When they joined Wealthspire Advisors as clients, they had relatively simple Wills in pla

Background Daniel and Michelle are in their 70s, have 4 children and 7 grandchildren, and a net worth around $60M. Daniel set up several real estate partnerships worth around $40M. They have revocable trusts and an irrevocable children’s trust that was funded with $2M in 2013. At this stage of their lives, they are comfortably living off the distributions from the real estate partnerships but are concerned about their eventual estate tax liability and how the real estate partnerships will be d

Background Marilyn and Arnold are in their 60s with three adult children. Marilyn is a managing partner at a large law firm, whose annual compensation is over $8M per year. Their personal portfolio includes private equity funds and they have some concentrated positions they are looking to diversify. They live in a high income tax state. Marilyn plans to retire in five years, so they want to make sure that they have enough cash flow to maintain their current lifestyle without dipping excessivel