Now more than ever, trustees, and in particular, corporate trustees, face administrative issues that arise in relation to an irrevocable life insurance trust (ILIT), in which the primary asset is one or more policies of life insurance on the...
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...
The United States is on the threshold of a major demographic shift. The post-war baby boom generation a group of some 78 million Americans has arrived at, or is nearing retirement age. This generation now faces the very real necessity of planning...
Wealth management firms can expect more competition from First Republic Bank following its imminent initial public offering. The firm, known primarily for its high-end lending business, plans to expand its wealth management division, it said in...
As technology goes, so goes the San Francisco Bay Area wealth management market. And business at tech companies, especially Internet-based firms, is booming. Palo Alto-based Facebook, which already has more than 500 million users around the world...
When entrepreneurs look for someone to turn to for advice on philanthropy, financial advisors are low on the list, according to a recent survey by the Fidelity Charitable Gift Fund. The largest share 53 percent said they rely on themselves...
