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‘Perfect Trifecta’ Allows Future Savings

‘Perfect Trifecta’ Allows Future Savings
‘Perfect Trifecta’ Allows Future Savings
Right now, the market is experiencing a perfect trifecta of circumstances for family investors and developers with long-term outlooks: low relative valuations on real property and financial assets; historically low interest rates; and favorable tax rules. Taking advantage of these can save their families millions over time, says Mark Rubin, senior managing director of Private Client Advisory Services for The Schonbraun McCann Group, the real estate advisory arm of FTI Consulting.
‘Perfect Trifecta’ Allows Future Savings
Mark with colleagues Michael VanRossem, Charles Friedman,Jacqueline Bataille, Scott White, Joseph Falanga, Dorothy McAuliffe and Sylvia Pena. He tells us that taking advantage of current tax laws can allow families to achieve asset protection and estate tax reduction for future generations. They will need a professional team to review portfolios and plans, including legal counsel, accountants, insurance agents, and investment advisors. Since his firm already has ongoing close relationships with client families, he notes that he is often asked to organize and direct the team.
‘Perfect Trifecta’ Allows Future Savings
He points out that successful families not only think about their financial capital, but their human capital as well. While he doesn’t disclose his client list, he notes that the Rudins, Fishers, Roses,Speyers, and Tisches invest not only in real estate, but family members’ intellectual development and philanthropic involvement. If you want a sneak peek into how some of New York’s biggest real estate families balance their financial and human capital, and their role in philanthropic initiatives, keep an eye out for Mark’s new book,Beneath the Skylin e, which should be published next year. (But feel free to e-mail him if you’re looking for pointers.)