Howard Insurance

The global mobility of high-net-worth individuals (HNWIs) and executives has increased substantially in recent years, driven by factors such as business expansion, international investments, and lifestyle preferences. However, this heightened mobility exposes HNWIs to a myriad of security risks, ranging from targeted theft and privacy breaches to physical harm and extortion attempts. Recognizing and addressing these security concerns is paramount to ensuring the safety and security of individuals and their families throughout their travels. It is critically important for any individuals traveling overseas to understand the risks and take a proactive approach to mitigating any potential harm. #hnwis #securityrisks #howardinsurance

Howard Insurance's Lee McWhirter quoted in this The Wall Street Journal article. https://lnkd.in/ec3arZVH

As clients look for ways to plan for tax law sunsets at the end of 2025, universal life insurance is a powerful tool that allows for customizable funding options. For example, clients can pay minimal premiums and step them up to maintain coverage if needed. #universallifeinsurance #taxlawsunsets #howardinsurance https://lnkd.in/ePGDX4nr

Did you know that many insurers allow term life insurance policies on two individuals to be converted to second to die insurance? This can provide inexpensive temporary coverage to clients while they determine how second to die permanent life insurance fits into their estate plan. #estateplanning #termlifeinsurance #permanentlifeinsurance #howardinsurance https://lnkd.in/ePGDX4nr

We're thrilled to announce that Carolyn Rogers has been elected to serve as a Director for the WASHINGTON, D.C. ESTATE PLANNING COUNCIL for the 2024-2025 fiscal year. Carolyn has been an active member of the Council over the years, and we are proud of her commitment to serving the profession, and especially for her work as co-chair of the Council's inclusion committee. Congratulations, Carolyn!

As we get closer to the potential sunset of the Basic Exclusion Amount for estate taxes at the end of 2025, many clients feel uncomfortable planning under such uncertainty. This month’s white paper speaks to how life insurance held in an irrevocable trust can be a powerful, customizable tool to create immediate liquidity with minimal expense. #estatetaxes #estateplanning #howardinsurance https://lnkd.in/ePGDX4nr

Renovating a property or estate comes with a unique set of risks that require careful consideration and management. Among these potential risks are: property damage to valuable items, cost overruns, delays, security concerns, compliance with local ordinances, potential insurance coverage gaps, and reputation management.   By understanding and proactively addressing these risks, owners can navigate the challenges renovation projects may bring. Working alongside advisors with specialized expertise can help mitigate these risks and protect the value of the property. #renovations #propertydamage #howardinsurance

Many clients look forward to expanding or renovating their property, to improve their lifestyle and make a house their home. Managing any type of larger scale renovation project requires careful planning, coordination, and execution. Our recent white paper identifies proactive risk management strategies to consider for a more seamless and successful project. #riskmanagement #estaterenovations #howardinsurance https://lnkd.in/eS69VQeX

https://lnkd.in/ep4w98CV In an interesting intersection of physical property and digital security risk, over the weekend, British auction house Christie’s was targeted by a cyberattack, forcing it to take down its website and move it’s $840MM live auction. Gone are the days where protecting the tangible nature of artwork is the central focus, as other risks emerge. Hopefully, Christie’s insures their art and carries cyber insurance! Lisa Gelles will be continuing this conversation around cybersecurity risks and other digital security concerns at the Family Wealth Report Family Office Cybersecurity Summit in New York on June 4. Join us #cybersecurity #howardinsurance

We are honored that Lisa Gelles will be a featured speaker at Family Wealth Report’s Family Office Cyber Security and AI Summit in NY on June 4. We are looking forward to learning from the other esteemed speakers about relevant topics for our clients. #howardinsurance #familyofficeinsurance #riskmanagement