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Creating a “Safe Zone” With Family Philanthropy

Issues of control are often significant to the wealth-creating generation of a family (usually, although not always, older members). Often, in working with families, we hear wealth-creators express doubts about the capacity of rising generations to handle money...

A Sea Change in High-Net-Worth Philanthropy?

Charitable LLCs A charitable LLC, such as the Initiative or the Emerson Collective (run by Steve Jobs’ widow) is legally no different from a for-profit LLC. As such, it’s governed only by applicable corporate law, whereas a charity would further be subject to state...

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