News
Whittier Trust’s Silsby on Mega Mergers, Trade Deals
President Trump has given the Chinese government the road map to resolution over the Global Trade War. If the Chinese follow the blueprint, it could provide a positive impact for the financial markets.
Checklist For a Smooth Estate Transition
Not long ago, during an estate plan review for a prospective Whittier Trust client, the firm’s representatives discovered an important issue. The potential client’s child from his first marriage was set up to take over his business — in which he’d given his second wife voting control.
Why Choose a Family Office?
As a family starts to amass wealth, its matriarch or patriarch typically controls its assets and makes the decisions. Things are still simple. With time, they get more complex. So the family head will enlist investment, legal, tax and other advisors.
The Nevada Advantage: Seven Key Advantages of a Nevada-Based Trust
Nevada is fast-becoming the state of choice for high-net-worth individuals and families seeking greater flexibility, optimal tax savings and maximum protection in their financial and estate planning. Nevada has grown to become one of the most “trust friendly” states in the country and challenging Delaware in popularity as a trust situs.
Webinar: Choosing the Right Trustee for Your Family Business
Webinar: Choosing the Right Trustee for Your Family Business Choosing the right trustee for your family business can be daunting. It’s one of the [...]
Inversions, Recessions and Expansions
Global stock markets have seen a remarkable turnaround so far in 2019 from their lows in December. Two consecutive calendar quarters have rarely been so different in market sentiment or performance. The S&P 500 index plunged by –13.5% in the fourth quarter of 2018 on fears of an impending recession and concerns about a policy mistake by the Fed. Those worries have since dissipated as the index soared by +13.6% in the first quarter of 2019. In early April, equity indices have climbed back to within striking distance of their previous all-time highs.
Determining Property Inheritance Doesn’t Have to be Painful
The ski chalet in Aspen. The mansion in the Hamptons. The family compound that’s hosted generations for the holidays. Although certainly sentimental, these pieces of real estate may not hold the same value to dependents.
Growth Scare … Or a Recession?
As we embark on 2019, investors are still in a daze after a challenging few weeks in the global stock markets. Volatility picked up in early 2018, subsided in the middle of the year and then reached almost unprecedented levels in the fourth quarter. The number of outsized daily and intraday moves in December shot up dramatically and approached all-time highs.
Bloomberg TV: Fed Faces ‘Confusing Times,’ Whittier Trust CIO Bhagat Says
As U.S. markets have sold off, Sandip Bhagat explains how the Fed — with its commitment to raising rates — is not being restrictive to the economy but what might push the central bank to slow its hikes.