Estate Planning

Prior to the Tax Reform Act of 1969 (the 1969 Act), there was limited guidance in the federal Tax Code for those contemplating the terms of charitable remainder trusts (CRTs), charitable lead trusts and other charitable gifts with retained...

• Proposed regulations under Internal Revenue Code Section 2704 significantly reduce valuation discounts—The Treasury has released proposed regulations (REG-163113-02) under IRC Section 2704 regarding lapses of voting and liquidation...

New legislation replaces previous draft, is broader in scope

There's fear the golden years won't be so golden. | Ricardo Reitmeyer/iStock/Thinkstock A new Transamerica retirement survey reports that none of the baby boomer, Generation X or millennial generations feel secure about their retirement prospe...

Mark Lopez at the 2008 Olympics. | Copyright Clive Rose, Getty Images What does an Olympian do once they're done competing? Some turn to the wealth management industry. According to Reuters, UBS Wealth Management Americas, Merrill Lynch and Mo...

Effect of the Proposed Section 2704 regulations

Client action steps should take this into consideration

Discuss these steps with clients before the rules are finalized.

Variations in this strategy may be preferable in light of the current environment