Trusts are invaluable for the transfer of wealth. Unfortunately, the original wishes of trust settlors may not be fully adhered to across the generations. Appointing a trust protector can help alleviate this issue, hedge against unforeseen circumstances and provide a trust with the flexibility needed to persevere from one generation to the next. We examine the role and authority of trust protectors and discuss the section criteria.

Preparing to inherit wealth involves many interdependent facets that can become overwhelming. To overcome these challenges, Boston Private partnered with the University of Chicago Booth School of Business to develop a Mentorship and Preparedness Program that readied next generation family members for their transition. Hear about this 6-week program from a recent participant.

Boston Private Executive Vice President Bill Woodson discusses the ways that philanthropic activities can help bridge the generational gap between family members and provide long-term wealth preservation, family unity and a stronger sense of purpose to the next generation.

The American Families Plan proposed by the Biden administration has the potential to make fundamental changes to federal programs supporting lower-income families, the elderly via Medicare and climate change. The tax provisions currently included in the plan may also significantly impact your tax liability. We unpack the most recent provisions and potential outcomes to help you understand how this legislation may impact your financial situation.

President Biden’s recent tax proposals may have dramatic impacts on estate planning for high-net-worth individuals. Potential tax increases and more robust reporting obligations make estate planning strategies more critical than ever. Discover how the administration’s fiscal year 2022 revenue proposals might impact your financial plans.

Incorporating life insurance policy reviews into your estate planning discussions is an effective way to be sure your policy remains in sync with your family’s needs. Insurance discussions are especially important if you have a taxable estate, which is often more common than you may realize. Katherine M. Sheehan, Managing Director at Boston Private shares her strategies to avoid common insurance pitfalls.

Clients who are non U.S. citizens work with a team of professionals who can help them maximize their U.S. tax benefits and mitigate tax exposure.

Openly communicating with your advisor about addiction and mental health concerns can help ensure estate and financial planning objectives are achieved.