In a case of stating the obvious, the Tax Court ruled on Dec. 20, 2007, that there is no estate tax marital deduction unless the spouse actually survives the decedent. In Estate of Kwang Lee v. Commissioner, T.C. Memo. 2007-371, the Lees wanted to...
A unanimous U.S. Supreme Court on Jan. 16, 2008, ruled that trust investment advisory fees (IAFs) are subject to the 2 percent floor, handing a defeat to banks and taxpayers who'd hoped all IAFs would be found to be fully deductible. In Knight...
We present our annual Outstanding Advisor Awards each May, but we're always on the lookout for charitably inclined financial advisors. Ten veteran financial advisors who exemplify the highest standards of professionalism and are active in...
To the Editor: In the November Registered Rep. magazine, two articles espousing the merits of Monte Carlo Simulations (MCS) were alarming to me. In the first article, Retirement Roulette by Brad Zigler, the scenario illustrated by Michael Kitces...
