Most family foundations are established in perpetuity and are unable to raise new capital from outside contributions. To survive, they face a single overriding imperative: They must achieve near double-digit portfolio returns over the long term...
Usually, clients buy private placement life insurance more as an investment vehicle than because they actually want life insurance. But unfavorable rulings and regulations have detracted from PPLI's allure as an investment. Moreover, because high...
The Prudent Investor Rule compels trustees to consider diversifying assets. To help them, trustees use asset allocation models. Yet many of these models fall short when it comes to evaluating non-traditional asset classes such as hedge funds...
If you want to create a trust that is truly irrevocable and unamendable, be careful which jurisdiction you select. In most, if the terms of an irrevocable and unamendable trust forbid a distribution to the settlor or beneficiaries, there is little...
Lipscomb University, a small religious school based in Nashville, Tenn., tells alumni on its website that they can arrange to give the school $50,000 at no cost to themselves through a Lend Your Life to Lipscomb initiative. As the university...
These are difficult times for practitioners of creative tax strategies. During the past two years, Congress and the Internal Revenue Service have cracked the whip on accounting firms for abusive tax shelters. Earlier this year, the IRS issued a...
Assume that a taxpayer is sued for $10 million in a breach of contract claim two weeks before his death. Four years later, the lawsuit is settled for $1 million. But long before that, say nine months after the date of death, the executor of the...
Financed life insurance has become one of the most popular estate planning tools for high-net-worth families. Recently it also has made significant inroads where it never went before: among ultra-high-net worth individuals people with estates of ...
