Strategic Tax Planning in a Down Market: Turning Volatility into Long-Term Leverage
Sharp declines in the equity markets often create anxiety and uncertainty, but for families with significant wealth, they can also present a rare opportunity to execute sophisticated planning strategies with amplified impact. Lower valuations, combined with historically high exemption amounts and an approaching legislative sunset, create a confluence of factors that make now an ideal […]
Callan Family Office 2024 Year-End Planning Guide
Much of 2024 was marked by the economic and market uncertainty that comes whenever both the White House and Congress are in play. Though the elections have concluded, many important tax laws are set to expire at the end of 2025 that have significant impact on taxpayers if no new tax proposals are signed into […]
Planning Alert: Post Convention Insights
At the end of 2025, the current tax policy is set to expire, meaning that whoever holds the presidency will oversee major tax overhaul. Callan Family Office has put together a detailed report including some of the highlights of each candidate’s tax plan, along with some advice on what you should do to ensure your […]
Planning Alert: The Corporate Transparency Act
The Corporate Transparency Act (CTA) mandates specific reporting requirements for beneficial owners of many entities and small businesses. The purpose of the act is to “better enable critical national security, intelligence, and law enforcement efforts to counter money laundering, the financing of terrorism, and other illicit activity.” Compliance with the CTA is important, as […]
Engaging the Next Generation in Philanthropy
In a world where compassion and social responsibility are paramount, engaging children in philanthropy becomes a cornerstone for shaping a brighter future. From the earliest years of elementary school to the transformative high school period, involving the youngest generation in philanthropic endeavors is an investment that pays dividends in character development and societal impact. […]
Year-End 2023 Checklist and Thoughts for the New Year
Planning for Year-End 2023 & Beyond Looking back, 2023 has flown by which means it’s a great time to take stock of what has occurred to change your outlook and influence change in your life. Definitely important factors like inflation and global instability have impacted all of us. Yet now is the time to look […]
Generations That Endure
Whether you are thinking of selling a business or recently sold one, come into an inheritance, or plan to transfer wealth to the next generation, communication with family members is key to ensuring your assets are properly distributed and organized. A family conversation about money and plans for wealth transfer is the key to […]
The Business of Philanthropy: A Primer
We know there are numerous rewards – both tangible and intangible – that come with giving to worthy causes. Whether you are a long-time donor or someone new to giving, there’s a lot to know and learn about “the business of philanthropy” in terms of choosing the right nonprofit for your philanthropic gift. […]
Washington Watch: Fiscal 2024 Budget
Earlier this year, the Biden Administration released its 2024 proposed budget, which outlines its priorities for the next fiscal year. Consider this a ‘wish list’ of the administration’s top priorities, but also remember it is unlikely that many of these proposals will be enacted into law given the realities of a divided Congress. […]
The Growing Popularity of Directed Trusts
Directed and delegated trusts are common types of irrevocable trusts. Historically, the delegated trust model has been favored; however, over time we have observed the directed trust model is gaining popularity. The directed trust model provides families with greater flexibility, control, and protection in the drafting and administration of modern trusts. While both trust […]