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Coronavirus Family Office Resource Center
Managing your family office’s response to COVID-19
Although family offices are unique, the coronavirus pandemic and economic downturn has presented them with common challenges and opportunities. Our Coronavirus Family Office Resource Center features insights about those topics from RSM’s professionals and client advisors. RSM understands the issues driving leading your family office forward, whether yours is adjusting to human capital issues stemming from remote work, inquiring about eligibility for government relief programs or eyeing undervalued assets as part of a post-pandemic investment strategy. We invite you to explore how your family office can resourcefully manage its pandemic response and recovery steps to position itself to prosper long term.
How family offices can maximize tax deductions and estate planning objectives during the economic downturn caused by the coronavirus.
As the human and economic toll of coronavirus mounts, no sector of the economy has been immune from a downturn, including family offices.
CARES Act provides general increase to the limitation amount (i.e., the maximum allowable deduction) and special rule for partnerships
The conditions that cause uncertainty today create opportunities to transfer wealth to the next generations at historically low tax cost
The new law intends to help Main Street businesses. Some family offices might be classified as a small business and eligible for loans.
Investors looking to accelerate write-offs on investments should be aware of an obscure section 382 rule that could destroy the tax-shield.
As the Main Street Lending program rolls out, family offices that are eligible must consider pitfalls of borrowing one.
The shift toward remote work is an opportunity for family offices to upgrade technological systems by adopting outsourcing and automation.
Additional insights can be found at RSM’s Coronavirus Resource Center