Beneficiary is treated as an owner of a trust under Internal Revenue Code Section 678 In Private Letter Ruling 200949012 (Dec. 4, 2009), the grantor proposed establishing a trust for the benefit of another individual. The beneficiary had two...
There are many ways to draft a modified accumulation trust. Here's one: Separate Accounting for Retirement Arrangements Except as otherwise provided in paragraph 3, below, if any trust hereunder shall have the right to receive retirement assets ...
These days, more and more advisors are considering becoming independent RIAs so they can retain more of what they earn, gain greater control over the products they offer
Following the tragic earthquake in Haiti last month, Wall Street donated millions to the relief effort, and some firms offered to match staff donations. Citigroup pledged $2 million, JP Morgan Chase pledged $1 million and Morgan Stanley gave $1...
Keith McCullough's book, Diary of a Hedge Fund Manager (Wiley; January 2010), is a short but interesting tale of a hayseed from Western Ontario who skated for the Pemberton Lumber Kings and then finds himself as a 20-year-old freshman at Yale. (I...
