How Wealth Planners and Advisors address the needs of clients who have assets over $1MM.
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Wow! During 2008 we witnessed $4 a gallon gasoline, a mortgage industry meltdown, the Dow Jones Industrial Average fall from approximately 13,000 to 8,000, and the election of a new president; an African American, no less. And amidst all of these...
Dear Fellow Tax and Valuation Geeks, Did you watch the swimmer Michael Phelps win eight gold medals during his historic performance in the 2008 Summer Olympics and think, I wonder how those medals would be valued on a gift or estate tax return...
Provisions regarding tax character of distributions to charity must have a non-tax economic effect. The Treasury Department has issued proposed regulations (NPRM REG-101258-08, June 18, 2008) under Internal Revenue Code Sections 642(c) and 643...
Provisions regarding tax character of distributions to charity must have a non-tax economic effect. The Treasury Department has issued proposed regulations (NPRM REG-101258-08, June 18, 2008) under Internal Revenue Code Sections 642(c) and 643...
Charitable giving in the United States during 2007 is estimated to be $306.39 billion, exceeding $300 billion for the first time in history, according to Giving USA 2008, the yearbook on philanthropy released on June 24, 2008, by the Giving USA...
On July 11, 2008, the Internal Revenue Service issued proposed guidance (Notice 2008-63) regarding the estate, gift, generation-skipping and income tax issues involved with trust companies that are family-owned or controlled, aka private trust...
Partnership restrictions disregarded under IRC Section 2703. Estate-planning lawyers are buzzing about the Tax Court's recent decision on family limited partnerships, H. Holman, Jr., 130 TC 12 (May 27, 2008), because the court ignored commonly...
Partnership restrictions disregarded under IRC Section 2703. Estate-planning lawyers are buzzing about the Tax Court's recent decision on family limited partnerships, H. Holman, Jr., 130 TC 12 (May 27, 2008), because the court ignored commonly...
There's a little book of 84-pages now out in paperback, The Time is Now: Choose Your Trustee Wisely by Michele Moore, that is a user-friendly guide to fiduciary appointments and could be very useful in a client introduction packet. The Time is Now...
It seems that F. Scott Fitzgerald was wrong. According to a new study, “Protecting the Family Fortune,” the very rich are not all that different from the rest of us — at least when it comes to estate planning. They also avoid it...