Gideon Rothschild, partner in the New York-based Moses & Singer LLP and specialist in asset protection, reports: If a wealthy client could possibly go bankrupt in the next 10 years, now is the time for him to move his assets into an offshore trust...

In December 2003, the Internal Revenue Service issued new regulations governing the definition of trust income for federal tax purposes. These regulations create significant planning opportunities as well as some potential pitfalls. There are...

In the wake of the Terry Schiavo case and the death of Pope John Paul II many clients are focusing on end-of-life issues, particularly those surrounding life support and the final wishes of an incapacitated patient. Financial concerns, of course...

Say you meet up with a married couple in their mid 60s with three adult children and a net worth of $3 million $1.5 million in his IRA, $500,000 in their home and $1 million in nonretirement mutual funds. Since the husband is likely to die first...

For closely held family business owners who want their businesses to pass to the next generation, there are various estate-planning techniques that should help them avoid significant transfer tax costs. These range from simple gifts of family...

There comes a time in the life of many wealthy families when selling the family business seems like the right thing to do because no one in the younger generation is interested in taking over or selling means unlocking wealth that will catapult...

Owners of closely held businesses have traditionally used buy-sell agreements to restrict the transfer of interests in their businesses to unwanted third parties, and to establish the price and terms for purchases of interests in their businesses...

For decades, estate planning has been dominated by techniques designed to minimize a confiscatory federal estate tax. But higher exemption levels created by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)1 have significantly...

Tax planning for estates took a hit in 2001 when the White House decided to repeal the estate tax in 2010. But business is back. As the debate drags on over whether to make that repeal permanent, advisors and investors are deciding it's better to...