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In 2006, courts spoke to two important issues in trust administration. The Dumont case was overturned,1 providing a brief respite for trustees that own large stock concentrations. And Rudkin was affirmed,2 seeming to confirm that, at least in the...
Advisors promote trusts as an indispensable component of the estate plan. We tout the importance of trusts for credit shelter and generation-skipping transfer (GST) tax planning. We proclaim that trusts protect assets from creditors, including...
An individual relative or friend might be more appropriate to serve as a trustee than a professional. In praising corporate trustees, commentators have identified three areas in which they can excel: cost, competency and conflicts between...
Sarah Teslik, CEO of the Certified Financial Planner Board, which monitors and supports the widely used CFP designation, announced in mid-October that she would resign from her post on Oct. 31 to take a position at Apache Corporation, an energy...
Less than 10 years after they settled the infamous boom-boom room case, Smith Barney is being sued for discrimination again. The new case, Fassbender Amochaev v. Citigroup Global Markets, Inc., d/b/a Smith Barney, was filed in United States...