The voters have spoken and in so doing have chosen the programs as offered by the administration of President Obama. As advisors to families who have accumulated high levels of net worth, we believe that Obama policies will seek a larger share from our clients. It is important to recognize this, and plan accordingly.
There is a window of time between now and December 31, 2012 where we still get to play by the “old” rules as to wealth transfer and income taxes. This is an important opportunity and one that should not be missed. We all have much to do before year-end.