• WEALTH PRESERVATION
US – NEVADA
MY ADVICE... Every conversation about wealth preservation should start with planning. The best laid intentions are sure to go awry without a solid estate plan that checks all the following boxes:
of wealth won’t survive a second generation. Additionally, studies have shown that 1 in 3 families have done nothing to prepare the next generation to receive the wealth. We can’t underscore enough the importance of communication and preparing heirs to inherit wealth. We absolutely encourage family meetings and conversations about estate planning (e.g. philanthropic goals, family values, fair vs. equal, disposition of assets such as real estate, retirement goals) and get an understanding of the financial acumen of family members. Many clients are reluctant to discuss money matters due to privacy concerns or concerns that heirs aren’t mature enough. We stand firm in our belief that openness and communication lead to solving concerns and in identifying potential issues to address. It is much better to have these conversations up front when times are good, rather than during one of the most stressful events of an heir’s life, the death of a loved one.
Helping
Q2 Is shareholder activism driving appetite for M&A? What is the buy-side in your jurisdiction looking for in terms of global acquisition? In the U.S., trends post-Covid show a decline in overall M&A activity and a decrease in the number of shareholder activism campaigns focused on M&A. In general, many M&A opportunities are financed, and rising interest rates are making the financing costs relatively high. Predictably, many buyers are waiting to see what interest rates are going to look like in the next 13-14 months. There are still strong Nevada buyers out there looking for opportunities to pick up companies at a bargain. Q3 What guidance are you giving to high-net worth individuals as they manage their future plans? At Alliance Trust Company of Nevada, we highly recommend that both U.S. and global clients utilise Nevada trust laws to set up a Nevada Dynasty trust for the benefit of multiple generations. Nevada trust laws allow for this powerful estate planning tool with benefits that include: • Minimisation or elimination of income taxes, estate taxes, inheritance taxes, transfer taxes, and other future potential taxes. • An excellent degree of asset protection for beneficiaries for up to 365 years. • Estate tax benefits for an extended period. • Accessibility, as both domestic and international families can establish Dynasty Trusts. The creator or grantor of the Dynasty Trust has significant control over assets, beneficiaries and rights.
Addresses legacy intentions, asset protection, tax mitigation strategies.
wealth
Is implemented by a financial advisor aware of your goals and portfolio objectives.
Is periodically reviewed and updated, particularly after significant life events.
survive
Is known and understood by your family/ heirs who are PREPARED TO INHERIT.
Our industry does a great job of preparing assets for families, but we need to ask our clients how prepared the family is for the assets. Most of us have seen the statistics that there is $68 trillion in multigenerational wealth expected to transfer in the next 25 years, and that 70%
“Many clients are reluctant to discuss money matters due to privacy concerns or concerns that heirs aren’t mature enough.”
Lou Robinson CEO and President Alliance Trust Company
Q1 How are inflation and rising costs of living affecting private clients in your jurisdiction? What impact is the changing financial climate having on their projections for the future? To be honest, inflation and cost of living have not had much impact on our high net-worth clients or their projection of spending in the future, however these factors have impacted their portfolio management behaviours. There is a pivot back to fixed income, an investment which has not been in favour since the last low interest rate cycle. Should the market drop and negatively impact net worth, then we expect to see changes in spending.
About us... alliancetrustcompany.com Alliance Trust Company of Nevada is an independent trust company. We take time to know our clients and are committed to delivering the very best trust administrative services to every client, every time. The seasoned professionals at Alliance pride themselves as subject matter experts and we recruit the best and brightest in the industry. We have continued to grow our client base due to our long-standing relationships around the world, our ability to deliver on broad trustee services and our client-focused culture.
Lou Robinson is responsible for the overall vision, strategy, and culture of Alliance Trust Company of Nevada. He is proud to lead a firm that is culturally different from peers, focused on serving others and solving problems for clients and their families. Lou has significant experience providing tax planning and estate administration to US and global clients. Lou is a graduate of the University of Nevada, Reno, and he is a member of Society for Trust and Estate Practitioners (STEP) and holds the Trust and Estate Practitioner (TEP) designation.
+1 7752 984 302 lrobinson@alliancetrustcompany.com irglobal.com/advisor/lou-robinson
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