Rarity and desirability was the name of the game on Saturday, Feb. 21, 2015 at Heritage Auctions' New York "Platinum Night" sports auction, as more than $9.8 million worth of sports memorabilia changed hands inside the Fletcher-Sinclair Mansion.
Knoedler & Co, which before closing in 2011 was New York City's oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at trial....More
The Newberger decision is a reminder to practitioners and appraisers that sales occurring after a decedent’s death are very relevant for purposes of estate tax valuations and should be considered in connection with a Form 706 filing....More
Fady F. Bebawy suggests that a Five Marketability Forces framework will bring to light important influences that may help a valuation analyst determine where the appropriate discount for lack of marketability should be for the subject interest that wouldn’t otherwise be apparent...More
Learn the key takeaways from this year's Heckerling Institute of Estate Planning 2016. Join Martin Shenkman as he provides an overview of the sessions and the most talked-about speaker presentations, including income vs. estate tax, portability vs. credit shelter trusts, trust design and IRS audit issues....More
Married clients make compromises everyday—but they shouldn't have to when it comes to retirement planning. Many retirement income plans require clients to make difficult decisions today thay may limit their ability to adapt to their needs in the future....More
On the face of it, the answer is simple. When it comes to financial planning, they want a one-stop shopping experience with all their wealth and risk management needs met by one advisor or agency able to offer them comprehensive, broad-based advice....More