Former Boston Celtics power forward and NBA All-Star Antoine Walker talked to Bloomberg's Pimm Fox about how he lost $110 million, spending it on exotic cars, jewelry and handouts to a posse of "about eight to nine guys."...More
In a recent Private Letter Ruling, the IRS ruled that a reformation of a trust to correct scrivener’s errors caused remainder interests to be completed gifts and as such, a trust’s assets wouldn’t be included in a grantor’s gross estate on his death....More
The price of a college education continues to rise, with tuition and room and board now costing nearly $20,000 per year. And while most students do not end up paying the full price tag, the average graduating college senior who takes out loans leaves school about $30,000 in debt.
According to the Asia Pacific Wealth Report 2014, by Capgemini and RBC Wealth Management, the region's population of high-net-worth investors grew 17 percent to 4.3 million, while their assets grew 18 percent to $14.2 trillion....More
Regular readers of our column may remember our article from this past Spring discussing the variations among state “slayer statutes”—laws preventing murderers from inheriting from their victims....More
It's never too early to start saving for college, and for parents, grandparents—even family friends—529 college savings plans offer estate-planning potential, high contribution limits and convenient investment options, including target date funds....More
Many financial advisors focus on the key baby boomer segment that is approaching retirement. With one of the largest transfers of wealth in history expected to occur over the coming decades and technology playing a larger economic role, successful advisors are looking for ways to work with younger investors....More
Many small business owners want to plan for their company’s long-term future and their own retirement. In the past, addressing a small business owner’s retirement and buy-sell needs often meant proposing two independent solutions....More