Nary a day passes without some brokerage firm or another announcing an initiative aimed at attracting wealthy customers. With their new private wealth management groups, more sophisticated money management offerings, alternative investments or...
How do advisors plan with life insurance in this supposedly post-split dollar world? The answer lies of course in a client's particular goals. But the options are relatively clear: Clients can use a combination of outright and deferred gifts of...
So much wealth in this country consists of shares in closely held companies that it pays to know exactly how to value those assets. Yet no one method suffices, nor is there any set formula for how to combine a variety of methods. That is the clear...
In 1997, Mexico led the charge blacklisting such traditional tax havens as the Cayman, Channel and Cook islands. Suddenly Mexicans were forced to disclose to their government when they placed assets in financial structures (trusts, companies...
During the late 1990s, U.S. tax law became increasingly hostile to offshore trusts1 that benefit U.S. taxpayers. Tax compliance and planning became much more difficult for non-grantor trusts and new rules put more offshore trusts in the non...
From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have these updates on charitable giving: Supreme Court Denies Certiorari in Atkinson. On Oct. 14, the U.S. Supreme Court denied review of Atkinson v...
Just 20 years ago, a sophisticated family plan might have employed a single trust, subdivided into two or perhaps three sub-trusts. A sole individual or bank served as the family's trustee. Today, popular planning strategies involve multiple...
Several trends during the last 20 years have converged, resulting in significant implications for the global tax position of many wealthy families with international interests. Markets grew increasingly interconnected; tax systems grew ever more...
You've got a friend, or at least an ally, in Internal Revenue Code Section 645. Advisors don't often use the words and in the same sentence. But Section 645 offers the trustee of a decedent's revocable trust the opportunity to take advantage of...
Plans for governments to exchange tax information were thrown into disarray at negotiations in June 2003 over the European Union Savings Tax Directive. Despite the EU's commitment to information exchange as the ultimate objective of its plans for...
