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You'd think that with interest rates at historic lows, assets highly undervalued and the prospect of a permanent estate tax, we estate planners would be deep in tax-planning sessions with clients
It seems counterintuitive, but qualified personal residence trusts (QPRTs) can make a lot of sense now. QPRTs are generally not considered effective in a low interest rate environment.
Transferring a personal residence to a qualified personal residence trust (QPRT) is a common estate-planning technique used to make an inexpensive gift of a residence to the next generation. QPRTs may be particularly attractive now. The bursting...
It's well settled in American jurisprudence governing trust administration that the trustee's duties of due care and prudence in holding and managing trust assets include the duty to diversify investments.
Bank of America was the number one bank brokerage again in 2008, according to the Bank Insurance Market Research Group (BIMRG). BofA brokerage posted $1,792.9 million in “investment income” in 2008—way ahead of the second-largest...
The torch and pitchfork brigade rose in force to confiscate the earnings of the AIG employees responsible AIG bonuses are outrageous—but taxing them is just plain stupid. Will somebody please start making sense?
