David H. Lenok

H. Lenok
Senior Editor

David Lenok is a senior editor for Wealthmanagement.com and Trusts & Estates. He's an attorney admitted to practice in New York and writes about general wealth planning issues.

Ten to Watch 2016: Robin John
Robin John is a man of faith. Religious faith, certainly. But perhaps more importantly to his investors, he has faith in companies that create value for their owners by—yes, we’ll say it—making the world a better place.
Twelve Recommendations for Family Caregiver Policies
AARP’s Public Policy Institute has released a new report that highlights the growing importance of family caregivers that makes numerous policy recommendations in a number of categories. Here are 12 of the most interesting ones.
A Victory for Common Sense in California
The laws governing wills and trusts are overly complicated, but a recent decision from the California Supreme Court removes some of the clutter.
Offering Wealthy Heirs Crash Courses on Art Problematic
Banks are enacting a novel strategy in their attempts to retain younger clients—training camps for clients’ children on responsibly handling wealth, including how to purchase art. On its face, this strategy makes a lot of sense. But a little knowledge can be very dangerous.
Foundation Brings Rare Suit Over Rescinded Pledge 1
The St. John's Hospital Foundation is suing the estate of Paula Kent Meehan to enforce her rescinded $5 million pledge.
Spotlight: The Special Needs Trust Fairness Act of 2015
Taking a look at the proposed Special Needs Trust Fairness Act of 2015, which seeks to make it easier for individuals with special needs to set up their own trusts.
Rand Paul Sues Obama Administration Over FATCA 2
In an interesting turn of events on Tuesday, Republican presidential candidate Rand Paul was named as one of seven plaintiffs in a suit against the Internal Revenue Service and the Treasury Department.
Why Your Married Clients Should Probably File Federal Estate Tax Returns
Regardless of the size of a client's estate, making the portability election can act as "success insurance" for a surviving spouse.
Bill Davidson's Estate Beats the IRS … Kind Of
The IRS and the estate of William Davidson, former owner of the Detroit Pistons and Tampa Bay Lightning, recently stipulated to estate and generation-skipping transfer (GST) taxes of $321 million.
The Value of a Good Quarterback 2
The concept of a professional advisory quarterback is a new and interesting idea that’s gaining some steam.
Some Valuable Estate-Planning Resources for Advisors
Here are a couple of useful resources that advisors should be aware of that can both help your clients and their families avoid sticky end-of-life situations, keep you in the estate planning loop and, potentially, act as nice value adds as well.
Court Rules For-Profit Colleges Must Prepare Students for “Gainful Employment”
A federal district court judge ruled that the U.S. Department of Education can base its determination as to whether a student attending a for-profit college or vocational school is eligible for financial aid on past graduates' abilities to pay off their debts.
Tom Benson Declared Competent. Now What?
A New Orleans Civil District Judge found Saints owner Tom Benson competent and capable of managing his own affairs, giving Tom the first victory in what’s shaping up to be an epic legal struggle.
Ten Milestones When Your Clients Should Revisit Their Estate Plans 4
By linking the updating of an estate plan to certain inevitable life milestones (both positive and negative), advisors can ensure that their clients recognize the importance of keeping things up to date.
Switzerland Names Names 1
Switzerland spectacularly set it’s reputation ablaze in the month of May, publishing the names, birth dates and nationalities of suspected foreign tax evaders from several countries
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