A complete liquidation of a person's retirement account can trigger a huge income tax liability, significantly diminishing assets available for investment. For example, a person who withdraws $100,000 from a 401(k) plan will have to report $100...
Long-term capital gains and distributions from traditional individual retirement accounts (IRAs) exist in separate constellations of the tax universe.1 But there is at least one convergence: If a trust is named as a beneficiary of an IRA, after...
Any trusts and estates attorney who has been in practice for more than a few years is likely to have dealt with an incapacitated trustee. A common problem is that of a superannuated trustee who is no longer capable of either administering a trust...
deck DENNIS: The first question that we're going to deal with is parallel GRATs. The with a parallel GRAT deals with a revocable spousal interest and a revocable spousal interest was not mentioned in Sec. 2702. It also wasn't mentioned in the...
Trusts & Estates is pleased to announce two additions to the Investments committee: Patricia M. Stewart, the New York-based managing director of JPMorgan Private Bank, will chair the group. And Ajay Badlani, a director at Citigroup Private Bank...
Hard to believe, but true: Real estate wasn't always the hot dot. Just five years ago, the average real estate investment trust (REIT) traded at a big discount to the value of its assets by about 25 percent, on average, according to...
The biggest brokerage businesses are showing that even in a modest market upswing they now have in place a strategy for delivering stronger and steadier sales and earnings growth. With the release of their firms' corporate earnings reports last...
Registered Rep. presents the third installment of our brainteaser, The Puzzler (thanks, Car Talk). Every other month (or so), The Puzzler offers a real-world puzzle and its solution. Many are real brainteasers used by corporations to test the...
Barton Biggs made his name as the (as one journalist put it) lead investment strategist at Morgan Stanley over a period of 30 years. A value-oriented investor, Biggs was a killjoy during the Great Buying Panic of the 1990s, and the New Paradigm...
Penitence Pays Off for Putnam: The SEC filed charges against six former officers of Putnam Fiduciary Trust Company (PFTC) for helping to defraud a defined contribution client and a group of Putnam mutual funds of approximately $4 million. In the...
