A new study asserts that Wall St. firms are ready to address one of reps’ most common complaints in recent years: the lack of resources devoted to internal infrastructure, especially technology. The study, from Boston-based Celent...
In November of 2003, the Internal Revenue Service proposed new regulations governing the taxation of charitable remainder unitrust and annuity trust payments. The rules apply to 2003 (some apply to earlier years), so trustees must take them into...
We are pleased to announce that the magazine has newly-constituted committees on the fiduciary professions and on practice development. The new chair of the Fiduciary Professions Committee is Vernon M. Schreiner, in the Dallas office of JPMorgan...
When arriving at a long-term wealth management plan, investors and their advisors need to estimate a number of critical variables. Likely future changes in state and local taxes, life cycle obligations (such as purchasing a home, paying for...
In the months since the Tax Court's decision in Estate of Strangi v. Commissioner (Strangi II) much has been written about its impact on estate planning, especially using family investment entities. But none of the literature discusses the...
We are pleased to announce that Trusts & Estates magazine now offers 15 years worth of archives on the Internet at trustsandestates.com. This database, searchable by key word, is available to subscribers who've signed up for the service. For more...
Traditionally trust professionals needed little more than a degree in business or law. But today's competitive environment demands a wider range of knowledge. A recent survey of 355 trust managers and officers in Texas found that they think 18...
