Round image of an open field speckled with wildflowers with a blue cloudy sky and a peek of a pink sunrise.

Giving Creatively – Donating challenging assets.

01/07/2021

A client family owned a large parcel of land, a portion of which was covered by a conservation easement.  After more than a decade of ownership, the family was unsure of what to do with the land and was growing tired of the property management challenges.  The lack of a long-term plan left the property — and the family — in limbo.

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Hot air balloons

Staying on Track – Keeping your values in focus.

01/06/2021

A new client family came to us with an existing plan to develop a vacant plot of land into a community center in their home town. The project had many moving parts and projections of the budget had ballooned to over $50 million. The family wanted to find a way to put its wealth to work in the community, but was struggling with the scale and complexities of the chosen path.  We wondered whether this path was fully aligned with their goals.

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Seeking New Clarity – Simplifying and improving an existing financial plan.

01/05/2021

Nearly 80, a widowed client sought a clearer picture of her investments and future estate. She had been an active investor for many years, but wanted to ensure that she was optimizing her investments and estate plans as well as minimizing future taxes.

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Seedling

Leaving Your Mark – Creating a legacy for family and community.

01/04/2021

Many successful families struggle to define and create their “legacy.” The senior generation of one client family wanted to provide sufficient wealth to create opportunities and flexibility for later generations, as well as a platform for significant philanthropic impact. They struggled, however, with how to achieve these goals simultaneously.

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Adirondack chairs

Compounding Difficulty – Keeping shared property a blessing.

01/03/2021

Wealthy families often own shared properties in the form of a family compound, intended to be a platform for family gatherings and cohesion. One client family found that, over time, expectations for how such a compound would be used and managed began to change. Significant dissension developed over how to allocate access between family members, manage repairs and upkeep, and, eventually, allow family members to remove themselves entirely.

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