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The IRA rollover to charity has been extended through 2009. Buried in the $700 billion banking bailout legislation (officially known as the Emergency Economic Stabilization Act of 2008) that was passed by Congress and signed by President George W...
The Internal Revenue Service has been concerned about whether retirement benefit plans qualify for the marital deduction when they're left to a trust that ordinarily qualifies for the marital deduction. Hard to believe that this would even be in...
Robert Craig Knievel, purportedly nicknamed by police after an arrest for stealing hubcaps off cars, was born on Oct. 17, 1938 in Butte, Mont., and died in Clearwater, Fla., on Nov. 20, 2007, at the age of 69. His will, recently made available to...
Multi-participant trusts1 have become immensely popular. These trusts replace the single, all-powerful trustee with a host of independent decisionmakers, all deriving their authority directly from the trust instrument. At first, we saw multi...
The model for a managing directed trustee (MDT) comes from organizations like family offices and private trust companies (PTCs) that evolved, in part, to support and coordinate a family's trustees and other financial services providers. Family...
If tested, most financial advisors worth their proverbial salt could pass a final exam for Beginning 529 Plans without much cramming beforehand. But clients saving for college have the unfortunate habit of posing problems that go beyond the...
Ever since brokers started swapping shares under that buttonwood tree in lower Manhattan, parallels have been drawn between Wall Street and the casino. Wall Street itself recognizes the similarities. Many proprietary trading firms, in fact...
Talk about going from bad to worse. To optimistic insiders who bought shares of their own banking companies over the last 12 months, the stocks must have felt like falling knives. Indeed, the entire financial system seems to be falling apart so...
If you have small-business clients, they may be desperate for cash right now or worried about having enough cash in the coming months. With the government's mid-October announcement that it plans to take stakes in the country's major banks, credit...