3 Common Pitfalls of Trust Planning
How to avoid the downsides of an estate plan Many considerations are at play when creating an estate plan. Parents and grandparents often want to make sure family members are taken care of, while simultaneously enacting their own vision for the family legacy and goals for their estate. However, sometimes those decisions might benefit from […]
Whittier Trust Promotes Robert Renken to General Counsel
Whittier Trust is proud to announce the elevation of Robert W. Renken to the role of Executive Vice President, General Counsel. He is now responsible for all legal affairs of the Whittier Trust Companies and their affiliated entities. Robert brings to this new role close to ten years of service with Whittier Trust as an Executive […]
The Exciting Future of Federal Tax Credits
If you read the title and question how anything tax-related could be exciting, consider that for the first time in federal tax history, hundreds of billions of dollars’ worth of federal tax credits will be eligible for direct refund by the government or eligible to be sold to unrelated taxpayers on an open market. From the […]
Market Insights – Second Quarter 2023
A Bump in the Road? 2023 began on a positive note. Prospects of a resilient economy and moderating inflation raised hopes for a soft landing and propelled stocks higher. Consumer spending was robust and GDP growth seemed to be in line with levels seen in a normal economy. But much like the experience of the […]
Rolling GRATs: Asset Selection Trumps Current Interest Rates
By: Tom Suchodolski, Assistant Vice President, Client Advisor, Whittier Trust Financial planning during periods of relatively higher interest rates is certainly not elementary. In a low interest rate environment, the opportunities for wealth transfer seem boundless; one can seemingly draw from a myriad of strategies and have a high likelihood of success. A high interest rate environment, […]
A Dependable Way to Increase Returns
In investing, when something sounds too good to be true, it generally is. Plenty of examples over the last three years show that speculating on supposed “risk-free returns” can instead result in “return-free risk.” By Mat Neben, Vice President and Portfolio Manager, Whittier Trust Despite these cautionary tales, investors still have a dependable option for increasing […]
The Importance of Coordinating Professional Advisors
By: Steve Beverage, Senior Vice President, Client Advisor in Whittier Trust As a family’s asset base and balance sheet grow, so does the corresponding financial complexity. A number of wealth planning strategies can be employed to accomplish a family’s goals, from multi-generational wealth transfer, tax mitigation and liquidity planning for estate taxes to philanthropic and legacy […]
Whittier Trust Presents: US-Taiwan Relations, China, and the Future of Regional Security
Indo-Pacific security and specifically deteriorating US-Chinese relations, at their lowest point in decades, have focused additional attention on US-Taiwan relations in light of China’s oft-stated designs on Taiwan. In his talk with Whittier Trust and leading members of the wealth management industry, Dr. Green focuses on Washington’s relations with and security commitments to Taipei within […]
Whittier Trust Announces Retirement of Paul Cantor, Promotion of Nickolaus Momyer
Whittier Trust announces the retirement of Paul Cantor after 13 years of extraordinary service and commitment as Executive Vice President, Client Advisor, and Northwest Regional manager. Nickolaus Momyer, Senior Vice President and Senior Portfolio Manager with Whittier Trust, will assume the role of Northwest Regional Manager, Senior Vice President, Senior Portfolio Manager. “Paul’s many years […]
Whittier Trust Welcomes Dr. Jerrold D. Green to the Board of Directors
Whittier Trust is pleased to announce that Dr. Jerrold D. Green has joined the wealth management company’s board of directors. Dr. Green is a renowned scholar and executive with extensive experience in global business and diplomacy. As President and Chief Executive Officer of the Pacific Council on International Policy in Los Angeles, Dr. Green brings […]