QUESTION: I want to set up an irrevocable trust to take care of my needs as I age, and I need to pick a trustee. What should I consider? ANSWER: A trustee has many responsibilities, one of which is making distributions from the trust to you, the beneficiary. Many people want their children or a…
QUESTION: I have a big retirement fund, so why don’t I feel secure now that I’m in retirement? ANSWER: Retirement can be difficult for productive people who have been saving and investing most of their lives. Taking money out of savings, instead of putting it in, feels irresponsible. It can take several years to get…
AMG recently welcomed Dr. Jonathan Moyer, Director of the Frederick S. Pardee Center for International Futures at the University of Denver, to share with AMG employees the Center’s research and analysis on China’s rising global influence. With China’s frequent appearance in the daily news cycles, AMG clients frequently ask for our perspectives. We keep as informed…
The taxpayers won this one—at least in North Carolina. That was the result of a rare unanimous U.S. Supreme Court decision on June 21, 2019, that rejected North Carolina’s claim that it can tax the undistributed income from a non-grantor trust based in another state if the beneficiary is a North Carolina resident. A New…
Certain indicators suggest that risks to future U.S. economic growth have increased, but overall the outlook for the economy remains positive thanks to strong consumer spending and monetary policy support.
Now that the federal deduction for state and local taxes is gone, should I consider changing residency from my high income-tax state to one with lower or no state taxes?
The Opportunity Zone investment program ushered in by the 2017 Tax Cuts and Jobs Act provides an unprecedented ability to reduce capital gains taxes. If an investor realizes and rolls a capital gain into a Qualified Opportunity Fund (QOF) this year and holds the investment for 10 years, he or she gets a step-up in…
Seifried & Brew (S&B), a well-respected community bank consulting and risk management firm, recently released its annual Top 15th Percentile List for 2018. AMG National Trust Bank is pleased to be listed in the 54th spot among community banks with assets between $10 million and $30 billion. The S&B Top 15th Percentile List began in 2011…
Recently, the AMG team was asked by a client to address a recently published opinion article by Robert J. Samuelson of the Washington Post titled “Has The Next Bubble Arrived?” The article references the work of Eugene Steuerle of the Urban Institute and his warning “that the economy might be on the edge of a…
With ever increasing threats of identity theft and banking fraud, AMG has expanded its callback procedures for distributions to help protect you and your assets. Now, when you make a disbursement request without signing a form, you should expect an AMG team member to call you back to confirm the details of the transaction. Please…
