Trusts have been a preferred financial vehicle for affluent families for generations. With their roots stretching all the way back to the needs of twelfth and thirteenth-century Crusaders in England, trusts were used as a way to entrust their lands to a friend or family member, with legal right to reclaim them upon their return from crusading.
Senior corporate executives and business owners comprise the largest share of the nation’s wealthiest individuals, according to new research by Spectrem Group.
Business owners are much more concerned about minimizing their income taxes and protecting their estates from taxation than they are about a host of other financial issues.
Three years after the latest bear market, the wealthiest Americans continue to hold a disproportionate share of their investable assets in cash and cash equivalents.
Trusts have been a preferred financial vehicle for affluent families for generations. With their roots stretching all the way back to the needs of twelfth and thirteenth-century Crusaders in England, trusts were used as a way to entrust their lands to a friend or family member, with legal right to reclaim them upon their return from crusading.
