The heirs of high net worth individuals aren't interested in the fancy art or antiques that their parents pass to them.
A new UBS Investor Watch Report titled "For Love Not Money," showed that 65% of heirs don't plan on keeping inherited collections.
"It might be worthwhile for the people who created the collection to also figure out how to disperse of it when they pass on instead of leaving it up to their heirs," said Michael Crook, Managing Director and Head Ultra High Net Worth Strategy, US Chief Investment Office at UBS Americas.
While the Tax Reform of 2017 lowered both personal and corporate tax rates, it also took away some great deductions for folks in high tax states and gave gig-economy workers an added bonus. So watch our video and listen to the full podcast to learn how all that will affect you.
It's so nice to be in love and really get to know someone. But do you really know that person? Do you know your sweetie's credit score? Do you have your own checking account? Give me 60 seconds and I'll tell you why you should!
Estate planning is taking on an entire new meaning in the digital era, especially when it comes to social media accounts like Facebook and Twitter.
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