The attorney-client privilege protects communications between clients and their attorneys by prohibiting their disclosure and admissibility in a judicial proceeding. But, when attorneys represent fiduciaries, the application of the attorney-client...
The combination of the generous $5 million gift, estate and generation-skipping transfer (GST) tax exemptions (adjusted for inflation) provided in the 2010 Tax Act, historically low interest rates and depressed estate values has provided an...
I hesitate to write an article containing hyperbole. Whenever I read something that contains terms such as unheard of, or my immediate, admittedly cynical, reaction is to doubt the assertions and question the author's credibility. That said, I now...
With 2011 come and gone, we look back at the recent developments in the area of asset protection planning. With fewer clients concerned about estate taxes due to the increased exemption, more advisors are addressing asset protection needs of the...
When opening up retirement accounts, most advisors (and their clients) usually give little thought to the process of completing the “beneficiary” section of the paperwork.
Fewer still perform any ongoing review of the designations, regardless ...
