The tax dispute over the value of Michael Jackson’s image and other estate assets/vehicles is a good example of why careful estate planning is critical for anyone – not just the “King of Pop”.
Addicus, a multi-family office based in
“Based on this article, it is almost certain that there was little planning done or the administration of the planning was lacking or non-existent,” said
While most of Addicus’ clients do not have this exact set of issues, the assets that they own are complex and value is sometimes hard to determine. However, that is true for the
“Most successful people don't realize they are doing anything wrong and their advisors often don't know what the client is or is not doing so they don't know to advise differently,” said Adams. “This is the core problem with estate planning: a lack of knowledge, communication and information. It’s why we begin with a personal meeting to discuss our clients’ unique and specific goals and situations, following that up with constructing a thorough and full enterprise profile so we know everything and thus can properly advise and plan.”
Addicus seeks to deliver a common playbook that contains the necessary information and the foresight to see and decipher the intertwined nature of its clients’ planning. The MFO assists in ensuring that everything stays accurate, consistent, and coordinated.
For more information about estate planning and how Addicus can help, visit http://www.weareaddicus.com or call (662) 550-2051.
Addicus is a full service firm driven by economics, not finance. Our global perspective and approach often challenges conventional wisdom with amazing results. We specialize in providing services usually reserved for family offices of the world’s top earners providing our clients a boutique style approach with a personal touch. Addicus’
Read the full story at http://www.prweb.com/releases/2014/03/prweb11625869.htm
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