Two recent legislative developments may enhance the attractiveness of Internal Revenue Code Section 529 savings accounts over other methods of saving for higher education expenses for certain individuals. One increased the kiddie tax age to 18...
May you never have to experience the legal and banking problems, not to the mention the gut-wrench, associated with posting a reward to help find a missing friend, family member or colleague. But if you do, here are the lessons I learned searching...
Recently, a wealthy art collector died, leaving a $20 million estate of paintings, drawings, sculptures and other pieces. The works belonged to a foundation established by the collector; the proceeds would go to the foundation. Other than that...
Many advisors assume that domestic asset protection trusts (DAPTs) self-settled trusts established in the United States typically to protect trust assets from a beneficiary's creditors are created exclusively for high-risk professionals, such as...
In theory, a trust is administered to effectuate a grantor's intentions for establishing it. In practice, most trusts don't accomplish this goal. That's usually because the operative documents fail to provide sufficient guidance. Trustees are left...
Benchmarking has long been standard operating practice in the manufacturing industry. In the last 20 years, it's gotten more attention in the service industry. And now family offices are beginning to think about how they too can measure...
Rick Frueh, chairman and CEO of GunnAllen Financial, an independent full-service brokerage firm in Tampa, Fla., has been busy of late poaching senior managers from rival firms.
After two years of operating an independent practice, a seasoned advisor is ready to take on two partners. He wants the experts to tell him how they should divvy up the pot.
