PricewaterhouseCoopers US has published a new edition of its annual guide, “Managing Your Wealth: Guide to Tax and Wealth Management.”

As in previous editions, the guide aims to help individuals, families, and business owners better understand and play an active role in their wealth management as they look to grow and preserve their wealth during this period of economic and political volatility.

The updated edition reflects the latest legal, economic and legislative developments affecting wealth plans. This year's edition adds content on global considerations, reflecting the international diversity of high-net-worth families and the cross-border factors affecting their wealth.

“Tax policy in the U.S. may shift in the near term, which stands to greatly impact the growth and survival of family wealth,” said Brittney Saks, PwC’s U.S. leader for the firm’s Personal Financial Services practice and editor-in-chief of this year's guide. “That, coupled with the impact of other governmental efforts to tackle federal and state deficits, will make it essential for families to evaluate their wealth management plans. While preparation amidst uncertainty can be challenging, we continue to counsel our clients that beginning the planning process early and asking the right questions of advisors will allow them to have a plan in place to capitalize on opportunities.”

The guide also emphasizes the importance of the advisor relationship in family wealth planning. The multiple generations in a family must be aligned with each other first and then with their advisors, making sure to ask the right questions and regularly refine their wealth management strategy. Topics include effective tax planning, managing investments, charitable giving, estate and gift planning, business succession, family meetings, family offices and risk management.

The guide is available as free download at www.pwc.com/us/pfs.