Bespoke Group

Large financial institutions often have proprietary investment funds they are incentivized to promote. This can complicate decisions about what’s best for the client. We do not offer any in-house investment products, nor do we have investment quotas. Our sole focus is on providing strategic guidance that aligns with the client’s personal objectives. #WealthManagement #FamilyOffice Check out this interview to see why this matters. The Last Trade: The Bitcoin Heritage Blueprint with Matt McClintock. https://lnkd.in/ecz8qjkj Also check out our article How Small PMWs and MFOs Can Provide Greater Value than Large Institutions. https://lnkd.in/gdmy_KWb

Happy New Year!

During a recent episode of The Mining Pod, Matt McClintock and Jack Jones sit down with Will Foxley to discuss stock option wealth planning, BTC income planning, early estate planning, and much more. Check out the related article and full video 👇 https://lnkd.in/gjMxzdqp https://lnkd.in/ga-dF8t8

Blockchain Confirmations & Appraisals Explained When donating crypto, how do you know when the transfer is complete? ⏳ While the IRS offers no official guidance, it’s reasonable to argue that just one blockchain confirmation is enough to mark the gift's timestamp for valuation. As with other donations, a qualified appraisal is required to support your deduction, and there are expert appraisers available for crypto and digital assets. 💡 Plan wisely and ensure you're maximizing your tax benefits. #EstatePlanning #FamilyOffice #OGS24 #OnchainGiving Check out the full Onchain Giving Summit 2024 conversation between Matt McClintock and Adam Blumberg. https://lnkd.in/g9THmZyb Also, check out our article to learn about charitable giving, tax benefits and different trust structures. https://lnkd.in/gT3wmB3H

#Bitcoin 's role as a store of value - AND PAYMENTS SYSTEM - make it a potential portfolio diversifier. It's important to remember that it isn't just an asset; it's a network. Thanks, Samara Epstein Cohen BlackRock

Since the initial rollout of the Corporate Transparency Act (“CTA”) on January 1, 2024 various states have been working on their own reporting requirements, often focusing on narrower categories of “reporting companies”. A current example is the state of New York, which recently signed into effect the LLC Transparency Act. The NY LLCTA will create a database of beneficial ownership information for LLCs that is accessible to government agencies and federal, state and local law enforcement. Reporting will occur on an annual basis and LLCs that qualify for exemptions must file an attestation of exemption with the New York Department of State within 30 days of formation or registration. While attempting to crack down on tax evasion, abuse of tenants by landlords, and employers engaged in wage theft, the NY LLCTA will ultimately affect many law-abiding individuals who are simply trying to protect their privacy through an LLC. Other states including California and Illinois are also considering similar measures. In addition to placing greater administrative burdens on individuals and corporations, state level BOI collection further diminishes the right to privacy. Moreover, states can establish more frequent data collection timelines and reporting companies are exposed to additional fines and penalties for non-compliance. Estate planning is an ever-evolving process and we maintain an open dialogue with our clients. As new state requirements continue to emerge, we continuously work with clients to optimize for privacy and find the best jurisdictions to fit their needs. For more insight on how we think about favorable jurisdictions, please read our article Choosing Favorable Trust Jurisdictions for Maximum Benefit. https://lnkd.in/gtxSmEbE #Privacy #WealthManagement #FamilyOffice

Revocable Trusts offer Privacy A revocable living trust offers no asset protection or tax benefits during your lifetime, but it’s crucial for one reason: privacy. It allows you to maintain control over your assets and simplifies decision-making for your family in the future. Estate planning isn’t just about taxes—it’s about creating peace of mind. #EstatePlanning #RevocableTrusts To learn more, check out the article on our website or watch the full interview on YouTube. https://lnkd.in/gT3Bry6H https://lnkd.in/gnFquu6J

If you’ve recently established an LLC, you’re likely affected by the beneficial owner information ("BOI") reporting requirements outlined in the Corporate Transparency Act (“CTA”). If you’re going through the process of establishing an LLC, it’s imperative to take the time to understand how these measures affect your right to privacy. Who is considered a beneficial owner of an LLC and what information do you need to provide? A beneficial owner is an individual who, directly or indirectly, exercises substantial control over a “reporting company” or who owns or controls at least 25% of the ownership interests of the company. The mandatory disclosures include the individual’s full legal name, date of birth, address, and a unique identifying number such as an EIN or Social Security number, or an identification number issued by FinCEN. For more information, please see the FinCEN Beneficial Ownership Information Reporting Rule Fact Sheet. https://lnkd.in/g7DXaUG9 FinCEN has also released a Beneficial Ownership Information BOI FAQ with additional information. https://lnkd.in/g6ka-DUt To better understand who is affected and how these reporting requirements put pressure on privacy protection, please read The “Corporate Transparency Act” and The Death of Privacy in America?, an article written by our Co-founder, Matthew McClintock. https://lnkd.in/gF6Kpx_w #Privacy #WealthManagement #FamilyOffice

Tonight marks the first night of Hanukkah. Happy Hanukkah!

Merry Christmas to all!