There are indeed many ways to legally avoid paying taxes. One approach is to become a perpetual tourist, also known as a perpetual traveler. The basic idea is that by not spending very much time in any jurisdiction, a person can legitimately avoid paying taxes and increase personal freedoms. A key aspect of this approach [...]

There are a number of ways family members can lose their hard earned wealth. One possibility for loss is frivolous lawsuits. Furthermore, they often take a serious psychological toll. A way for family business owners to potentially inoculate themselves against groundless legal actions is by adopting appropriate asset protection strategies. Asset protection planning is the process of [...]

With the boom in private wealth and the rich getting richer, the number of new single-family offices is keeping pace. A consequence of the boom in single-family offices is that a percentage of them are being setup badly. According to Angelo Robles, founder and CEO of the Family Office Association, “A lot of different types [...]

Malicious or incompetent advisors, neglecting to say “no,” and not grasping the true nature of the business can easily lead celebrities – entertainers and athletes – who have leveraged their talents and drive to create significant personal wealth to lose their fortunes. These same reasons have been shown to adversely affect other entrepreneurs often aligned [...]