The good news for reps is that the world doesn’t hate you. The bad news is that acquiring clients--particularly affluent ones--is getting a lot more tough. A recent Smith Barney survey of nearly 1,200 affluent investors shows only 4 percent...
ON THE COVER: The 1972 aboriginal painting “Water and Bush Tucker Dreaming,” by Johnny Warangkula Tjupurrula was sold this July at Sotheby’s auction house in Australia for $78,145. Johnny Warangkula Tjupurrula was among Australia...
Most wealth in the U.S. is created by family-owned, privately held businesses. That's the good news for countless children who stand to inherit. The bad news is that passing these businesses on to the second generation has some inherent problems...
Houston lawyer Michael Cenatiempo represents a client in an estate dispute that is on the verge of settling for $1.2 million. The holdup? An argument about a lamp. The cases are usually emotion-driven, says Cenatiempo of Houston's Cenatiempo &...
The Internal Revenue Service has demonstrated many times its belief that when nine states adopted the community property system, they did so for the sole purpose of frustrating the transfer tax (and earlier the income tax) system. This same kind...
Senior citizens seeking an influx of cash are increasingly tapping into their most valuable asset home equity for a reverse mortgage. For older homeowners able to overcome psychological resistance to increasing debt in retirement, these types of...
