The Investment Company Institute has responded in kind to a recent study that found that mutual fund investors shoulder exorbitant management fees. The original report, by professors John Freeman and Stewart Brown, concluded that equity fund...
When Brian, a successful young North Carolina businessman, notified the planned giving department at a mid-size Southern university that he had irrevocably named them as the remainder beneficiary on his $1 million charitable remainder unitrust...
Paul G. Marcotte, Jr., a partner in the Bethesda, Md. law firm of Paley, Rothman, Goldstein, Rosenberg, Eig & Cooper, Chtd., reports: On Nov. 7, the U.S. Tax Court rejected the government's latest attempt to use Internal Revenue Code Section 2036...
Last year, the government and courts moved against tools such as split dollar that have been used, perhaps abused, for years. If the regulation frenzy that reigned in 20031 sometimes made insurance a painful subject, 2004 threatens to be even more...
The U.S. capital market is attractive to nonresident aliens seeking to invest, because rates of return on investments historically have been higher and more reliable than in other countries.1 By the end of 2002, foreign investments in U.S...
John T. Brooks of Foley & Lardner gives us this heads-up: Estate of Carter, 4 Cal. Rptr. 3d 490 (4th Dist., Sept. 5, 2003), a recent decision of first impression in California, tackles the question of whether an estate's administrator must give...
The Medicare prescription drug debate dominated media reports about health care costs in 2003, but there were many other critical developments that will significantly affect clients' planning opportunities in the coming years. Health care costs...
Trusts & Estates magazine turns 100 in 2004 and we'll be celebrating all year long. This month, we are proud to announce that T&E's archives are available, and searchable, on the Internet at www.trustsandestates.com. We also present an essay on...
We have this report from the frontlines in Washington, D.C., by Donald D. Kozusko, a partner with Kozusko Lahey Harris LLP: The Uniform Trust Code may be coming soon to a location near you, so look closely at what it offers and what it takes away...
There is nothing like an economic downturn to concentrate the mind wonderfully. That turn of phrase was coined by the 18th century English pundit Samuel Johnson. Although speaking about a man who knew he was to be hanged in a fortnight, Johnson...
