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So what exactly are fraud, fraudulent conveyance, deceit and fraudulent transfer and when are attorneys accountable? Being a trustee entails risk of personal liability. Being one of a number of trustees can increase the risk. In the legendary...
The U.S. Court of Appeals for the Fifth Circuit in July affirmed the Tax Court's findings in Strangi II that the bona fide sale exception to Internal Revenue Code Section 2036(a) didn't apply to transfers of assets to a family limited partnership ...
IN OUR NATION'S HISTORY, there have been plenty of government programs that have choked on their own red tape. So it's noteworthy when an expert, who studies the minutia of government mandates, claims that he's identified a federal program that...
When Congress created the Roth 401(k) back in 2001, hardly anyone, including your clients, probably noticed or even cared. Financial advisors and investors were far more excited about the other goodies that the 2001 tax act delivered. However, it...
Fear of a too-small nest egg is the driving force behind many an advisor/client relationship. But such a high level of anxiety might be out of place. A recent report published in the Journal of Financial Planning argues that most retirees spend...
It wasn't tainted research. It wasn't late trading. It wasn't even good for a lot of headlines. But it was another ugly moment for investment advisors when, in mid-2004, politicians and regulators began looking into 529 college savings plan sales...
A survey in USA Today once concluded that Americans' most deep-seated fear, after cancer and car wrecks, was running out of money during retirement. The angst is understandable since one of the most complicated financial feats Americans will ever...
I've got a way to boost your tax bill right now is one of the least effective ways to generate positive client interest, second only to a sign on your door proclaiming This office has been lawsuit-free for 38 days! So when you suggest to your...
It appears that the number of articles mentioning a real estate bubble now far exceeds the number of news stories warning of a stock market bubble before the 2000 crash. Understandably, clients may be asking themselves if the same thing that...
For the little commissions they generate, 529 plans have required quite a lot of effort on the part of financial advisors. When the business got started nearly a decade ago, states contracted with money managers to administer the tax-free...