Kids of wealthy parents almost always fire their parents' advisors after they inherit the money. They also tend to fail to meet their financial goals. There are many reasons why. Here are some ways to keep their business.
Waiting for Godot is a classic play in which the protagonists await the arrival of a mysterious problem solver who never arrives. For estate planners and valuation professionals, 2010 was similarly a time for waiting for tax law resolutions, for...
Waiting for Godot is a classic play in which the protagonists await the arrival of a mysterious problem solver who never arrives. For estate planners and valuation professionals, 2010 was similarly a time for waiting for tax law resolutions, for...
While multi-generational trusts have been used in the United States for many decades, they gained more notoriety when Congress passed the generation-skipping transfer (GST) tax in 1986.1 Wisely, Congress provided an exemption from the GST tax so...
When asset protection planning was in its infancy in the mid-80s, there were few developments and even fewer mentions in the estate-planning literature. Nowadays, there's nary an estate planning symposia in which asset protection planning isn't...
The gift that ultra-high-net-worth investors want most this holiday season is one step closer to reality: imminent congressional action on new estate tax rules.
For those who advise clients on tax and other financial issues, the final weeks of the year are always a time for careful planning and action. This year is no exception. What makes this year different, however, is the level of uncertainty that...
Over the past few years, financial advisors, estate planners and investors seeking a source of regular income have become increasingly aware of the benefits of master limited partnerships (MLPs). MLPs are limited partnerships that are traded on...
Limited partners (LPs) of family limited partnerships (FLPs) have long been a powerful estate-planning tool. LPs of FLPs can take a discount of as much as 75 percent for both estate and gift tax purposes, attributed to a lack of marketability and...
