Estate

KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024

Retrieved on: 
Tuesday, February 13, 2024
Asset Management, Professional Services, Thought Leadership, Finance, Estate, Balance sheet, Real estate, Private equity, Artificial intelligence, Investment company, Growth, KKR, Dislocation, Grain, Oil, COVID, GMAA, CIO, Alternatives, Private credit, Publication, Credit, Geopolitics, Real assets

“We hear the message ‘Loud and Clear’ that this segment of the market is changing – and for the better,” said McVey.

Key Points: 
  • “We hear the message ‘Loud and Clear’ that this segment of the market is changing – and for the better,” said McVey.
  • “These investors are diversifying across asset classes, and as they mature, they are getting better at harnessing the value of the illiquidity premium to compound capital.
  • Family offices are planning to allocate more to Private Credit, Infrastructure and Private Equity at the expense of Public Equities and Cash.
  • U.S. family offices allocated less to traditional Private Equity compared to counterparts in Latin America, Asia and Europe, while Asia-based family offices had relatively heavy allocations to Real Estate.

2024 Version of 6-in-1 Estate and Trust Administration Software Released by The Lackner Group

Retrieved on: 
Monday, February 12, 2024
Professional Services, Data Management, Technology, Software, Fintech, Accounting, Estate, Jeffrey M. Lacker, Lackner, Trust, State, IRS

The 2024 edition of The Lackner Group, Inc.’s 6-in-1 Estate and Trust Administration Software has been unveiled, featuring the latest updates pertinent to the 2024 tax season.

Key Points: 
  • The 2024 edition of The Lackner Group, Inc.’s 6-in-1 Estate and Trust Administration Software has been unveiled, featuring the latest updates pertinent to the 2024 tax season.
  • Clients can rely on continuous technical support for the 6-in-1 software, ensuring access to the most current tax information and any additional assistance.
  • “Year after year we incorporate the latest tax laws into our software, empowering users with the tools needed for seamless estate and trust management,” said Vincent F. Lackner, Jr., President.
  • To request pricing or learn more about 6-in-1 or any of The Lackner Group’s other products, visit lacknergroup.com .

Lee Announces Global Collaboration With Legendary Artist Jean-Michel Basquiat

Retrieved on: 
Tuesday, February 6, 2024
Textiles, Women, Arts, Museums, Entertainment, Men, Manufacturing, Fashion, Consumer, Retail, Licensing (Entertainment), Multimedia, Life, Lee, Human, Estate, Personality, Asos, Nordstrom, Marketing, Collection, Poetry, Zalando, Woman, Poverty, Urban Outfitters, Culture, Jewellery

Today, Lee® announces the launch of a collection featuring the work of artist Jean-Michel Basquiat.

Key Points: 
  • Today, Lee® announces the launch of a collection featuring the work of artist Jean-Michel Basquiat.
  • View the full release here: https://www.businesswire.com/news/home/20240206762674/en/
    Lee® launches global collaboration with artist Jean-Michel Basquiat that blends legendary denim with groundbreaking art.
  • Similarly, Lee has been influencing the world of denim for 100 years, creating styles like the Lee Rider™ jacket, a true original that’s often copied, but never replicated.
  • “Lee has always celebrated originality, and in our 100 years we’ve been part of American culture, especially the ‘80s around NYC,” said Brigid Stevens, global vice-president of marketing, Lee.

Equity Residential Reports Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, January 30, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, EPS, Sale, Estate, Trustee, Normalization, FFO, Capital expenditure, Share repurchase, Video game

The Company did not acquire any operating properties during the fourth quarter of 2023.

Key Points: 
  • The Company did not acquire any operating properties during the fourth quarter of 2023.
  • The average age of the properties sold in the fourth quarter of 2023 was approximately 40 years.
  • The average age of the properties sold subsequent to the end of the fourth quarter of 2023 was approximately 41 years.
  • During the fourth quarter of 2023, the Company repurchased and retired 864,386 of its common shares, at a weighted average purchase price of $56.79 per share, for an aggregate purchased amount of approximately $49.1 million.

Burns & Levinson Announces Meaghan Kelly Joins Private Client Group as Of Counsel

Retrieved on: 
Wednesday, January 31, 2024
University, Lawyer, Estate, Probate, Rhode Island Bar Association, Trust, Burns, Life insurance

PROVIDENCE, R.I., Jan. 31, 2024 /PRNewswire/ -- Burns & Levinson LLP announced today that Meaghan Kelly has joined the firm's Trusts & Estates Group as Of Counsel.

Key Points: 
  • PROVIDENCE, R.I., Jan. 31, 2024 /PRNewswire/ -- Burns & Levinson LLP announced today that Meaghan Kelly has joined the firm's Trusts & Estates Group as Of Counsel.
  • Prior to joining Burns & Levinson, she was a partner at Cameron & Mittleman LLP, where she handled complex trusts and estate matters for over five years.
  • Previously, she served as Chief of the Estate and Gift Tax Department at Rhode Island's Division of Taxation.
  • "We are excited to add Meaghan to our highly regarded trusts and estate team," said Paul Mastrocola, Managing Partner at Burns & Levinson.

Dorothy Dress to be Auctioned to Support the Rome School of Music, Arts, and Drama

Retrieved on: 
Tuesday, January 23, 2024
Student, The Wizard of Oz, Catholic University of America, Documentation, Faculty, Estate, University, Wizard, Art, Catholic higher education, Catholic Church, Poverty, Complaint, Television, Film industry

In April 2022, the University announced that it had partnered with Bonhams, an international auctioneer, to display and auction the dress that the University had been given to the Catholic University by Mercedes McCambridge.

Key Points: 
  • In April 2022, the University announced that it had partnered with Bonhams, an international auctioneer, to display and auction the dress that the University had been given to the Catholic University by Mercedes McCambridge.
  • Today, that same judge again denied the plaintiff’s claims and dismissed the Plaintiff’s request to amend her complaint and refile the case.
  • This Catholic University dress has been matched to a specific scene in the movie: when Dorothy faced the Wicked Witch of the West in the witch’s castle.
  • Hartke when he was the head of the Catholic University Drama Department with the intention it be used to support the Catholic University drama department.

Wealth.com Partners With Farther, Integrating Estate Planning Solutions for High-Net-Worth Clients

Retrieved on: 
Monday, January 22, 2024
Technology, Personal Finance, Finance, Fintech, Professional Services, Software, Family, Consumer, Asset Management, HNW, Partnership, Procrastination, Estate, Sales

Wealth.com , the industry’s leading estate planning platform, today announced Farther , the nation’s leading technology-centric wealth management firm has made wealth.com available to all advisors and their clients as its go-to estate planning solution.

Key Points: 
  • Wealth.com , the industry’s leading estate planning platform, today announced Farther , the nation’s leading technology-centric wealth management firm has made wealth.com available to all advisors and their clients as its go-to estate planning solution.
  • This commitment extends to the incorporation of wealth.com’s estate planning platform, reinforcing Farther’s dedication to providing a truly comprehensive approach to managing significant wealth.
  • Caring.com’s 2023 Wills and Estate Planning Study revealed an alarming statistic: 54 percent of the wealthiest and most highly educated Americans lack an estate plan, often due to procrastination.
  • “Just as retirement planning has become part of the financial planning process, we aspire to establish the same for estate planning,” said Taylor Matthews , CEO and co-founder of Farther.

Caring.com Study Finds 4 in 10 Americans Don't Think They Have Enough Assets to Create a Will

Retrieved on: 
Monday, January 22, 2024
Anxiety, Family, YouGov, Retirement, White Americans, Estate, Death, Clutch (eggs), Pet, African Americans, Prevalence

CHARLOTTE, N.C., Jan. 22, 2024 /PRNewswire-PRWeb/ -- Caring.com, a leading senior living referral service and the nation's top site for senior care reviews, published its annual Wills & Estate Planning Study that explores estate planning in the U.S. and the reasons Americans do or do not engage in this end-of-life planning process. In the 2024 survey, responses from over 2,400 American adults indicated that only 32% have a will – a decrease of 6% since 2023 and the lowest rate of estate planning since 2020.

Key Points: 
  • "While many Americans feel anxiety about the economy, it's a serious misconception that they think they do not have sufficient assets to justify an estate plan," says Jim Rosenthal, CEO of Caring.com.
  • The prevalence of estate planning among Black Americans has risen from 26% in 2020 to 31% in 2024, an increase of 19%.
  • Other key highlights from this year's study include:
    Younger Americans are 50% more likely to have an estate plan than in 2020.
  • Caring.com has conducted its annual Wills & Estate Planning Study since 2015 to educate American adults and raise awareness about the importance of estate planning.

Chip Pearce Collector Car Auctions Announces Public Auction of Rare Kershaw Estate Collection

Retrieved on: 
Wednesday, January 17, 2024
Well, Family, Collection, Car, Cadillac, Estate, History, Ford, Sale, RARE, Richard Rawlings, Engineering, Auction

MONTGOMERY, Ala., Jan. 17, 2024 /PRNewswire-PRWeb/ -- Chip Pearce Collector Car Auctions and AuctionbyPearce are set to host a public auction featuring a unique collection of vintage automobiles, trains, and collectibles. This significant event showcases the estate of the late Royce G. Kershaw Jr., offering a rare glimpse into a hidden treasure trove of automotive and rail history.

Key Points: 
  • Chip Pearce Collector Car Auctions Offers Rare Vintage Automobiles, Trains, and Collectibles from the Estate of Royce G. Kershaw Jr.
    MONTGOMERY, Ala., Jan. 17, 2024 /PRNewswire-PRWeb/ -- Chip Pearce Collector Car Auctions and AuctionbyPearce are set to host a public auction featuring a unique collection of vintage automobiles, trains, and collectibles.
  • The upcoming auction by Chip Pearce Collector Car Auctions showcases an impressive range of vintage automobiles and trains, each with its own unique history and appeal.
  • Larry "Chip" Pearce, the driving force behind Chip Pearce Collector Car Auctions, brings unparalleled expertise to the field of collector cars.
  • The auction's online nature broadens its reach, inviting international bids and increasing the event's significance in the collector car and train communities.

Former Yahoo Exec Joins Climate Risk Fintech

Retrieved on: 
Tuesday, January 9, 2024
Banking, Professional Services, Business, Fintech, Sustainability, Start-Up, Commercial Building & Real Estate, Asset Management, Construction & Property, Environment, Data Analytics, Climate Change, Finance, Share (finance), Triple point, JLL, Partnership, Estate, GM, Strategic planning, Sale, Apollo Global Management, Investment, Acquisition, Climate change, Advisory board, Comscore, Climate, Virgin Money, Marketing

Climate X, a leading company in climate risk analytics for the financial industry, appoints Iván Markman to their Advisory Board.

Key Points: 
  • Climate X, a leading company in climate risk analytics for the financial industry, appoints Iván Markman to their Advisory Board.
  • In a significant development for Climate X, Iván Markman brings over two decades of experience in technology and transformative business growth as he joins the Advisory Board.
  • Iván’s demonstrated track record in facilitating expansion speaks for itself – we’re excited.”
    Climate X's solutions are transforming the way the financial and real estate sectors approach climate risk.
  • By delivering detailed projections of climate impacts, Climate X’s platform, Spectra, equips companies to shield their investments and adhere to strict regulatory requirements for environmental risk reporting.