The hot news at 2009’s largest gathering of estate-planning lawyers was not about the law. At the 2009 Heckerling Institute on Estate Planning’s opening session discussing recent developments, Dennis I. Belcher of Virgina’s...
SunGard WealthStation is all about convergence. It presents a common interface for financial planning, asset allocation, proposals, account balancing and back-office operations
It’s official: Morgan Stanley will pay $2.7 billion to acquire a 51 percent stake in Smith Barney, Morgan Stanley and Citigroup management told Registered Rep. this afternoon. The agreement was signed today. The deal will close in about six...
Practitioners generally don't rely solely on the power of substitution to make a trust a grantor trust under IRC 675(4) due to the factual nature of the inquiry as to whether such power is exercisable in a nonfiduciary capacity. In addition, there...
In Private Letter Ruling 200814011 (Dec. 6, 2007), the Internal Revenue Service found a transfer of a residence to a trust qualified as a personal residence trust (QPRT) even though the QPRT was Usually, the grantor of the QPRT is a parent who...
