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This is the biggest year-end tax issue for high-net-worth clients, advisor says – CNBC

Several key provisions of the Republicans' signature 2017 tax reform are set to expire after 2025, including increased federal gift and estate tax exemptions. The exemption increases to $13.61 million for individuals and $27.22 million for spouses in 2024, but will return to 2017 levels in 2026 unless Congress changes it. Robert Dietz, national director […]

Credit Suisse breach spills info of high-net-worth clients

Credit Suisse, which reported that its customers withdrew $120 billion in the last month alone, is alerting ultra-high net worth individuals to yet another disaster, On-the-Money learned. A Swiss bank has told some of its top clients with more than $50 million in banking that their most sensitive personal information, including Social Security IDs, employment […]