Wealth Strategies Journal

Do More, Better, Faster

Month: May 2015 (page 1 of 2)

Big Raises And Lifestyle Creep – Why It’s Crucial To Establish Good Spending Habits Early

Michael Kitces writes about the importance of establishing good spending habits early in life, focusing on new studies that show that income growth generally slows when individuals are in their 40s and turns negative in their 50s.  His article begins as follows:

\While many of today’s workers may ultimately be

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By Regina A. DeMeo: 5 Tips For Those About To Tie The Knot

During the height of wedding season, I spend a lot of time each week talking to couples not just about matrimonial law and the benefits of having a prenuptial agreement, but also about more practical issues, like the need to set a realistic household budget together and to be open … Continue reading

IRS Issues Internal FBAR Penalty Guidance To Ensure Consistency

Steve Schneider, at Goulston & Storrs writes about newly issued IRS Internal FBAR Penalty Guidance.  His post begins as follows:

Shortly before the annual June 30 FBAR filing deadline, the IRS issued penalty guidance for those that miss the foreign bank account reporting deadline. The purpose of the

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Donating Complex Assets

Julie Chu, at Credit Suisse, writes about charitable planing for private equity and hedge fund principals.  Her article begins as follows:

While estate planning for private equity and  hedge fund partners remains an important and widely addressed topic, the ascendancy of income tax management, in light of higher income

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The Law of Charitable Pledges

Conrad Teitell, in his Philanthropy Tax E-Letter, writes about the law of charitable pledges.  His article begins as follows:

At its annual banquet, a major charity calls out the name of each attendee who then stands and announces the amount he pledges to the annual campaign.

One guy refused to

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Alexandre M. Denault


Alexandre M. Denault is a tax attorney in the Tax Practice Group at Akerman LLP. He focuses his practice on domestic and international tax planning matters, including inbound and outbound business and real estate tax planning for large corporations, joint ventures and ultra-high-net-worth private clients.  Mr. Denault is a … Continue reading

Limits On Tax Deductions For Financial Planning And Retainer Fees, And The (Tax) Problem With Bundled AUM Fees

Michael Kitces writes about limits on tax deductions for financial planning and retainer fees, and tax issues that arise with bundled fees.  His article begins as follows:

Under the Internal Revenue Code, expenses for investment management are tax deductible. Accordingly, taxpayers are permitted to deduct the typical assets-under-management (AUM) fee

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Does A Trustee’s Lawyer Owe A Fiduciary Duty To The Trust Beneficiaries?

Luke Lantta, on the Bryan Cave Fiduciary Litigation Blog writes about whether a trustee’s lawyer owes a fiduciary duty to trust beneficiaries, focusing on Walther v. Kane, an unpublished Eleventh Circuit Case.  His post begins as follows:

There is seemingly a line – at least under Florida law – that will

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The Political Codification of Islamic Law: A Closer Look at the Draft Shi’I Personal Status Code of Iraq by Haider Ala Hamoudi

Haider Ala Hamoudi, of the University of Pittsburgh School of Law, has made available for download his article, published in the Arizona J. Int’l and Comparative Law, v. 32, No. 2 (2015), entitled “The Political Codification of Islamic Law: A Closer Look at the Draft Shi’I Personal Status Code of … Continue reading

Expect the Unexpected: Valuation, Penalty, and Liability Issues in the Context of the Federal Estate Tax by Nikki Laing

Nikki Laing, at Capshaw Green PPLC, has made available her article,
Expect the Unexpected: Valuation, Penalty, and Liability Issues in the Context of the Federal Estate Tax.”  The abstract is as follows:

Failing to timely file the estate tax return, timely pay the estate tax, and properly report the values

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Simmons v. Estate of Baranowitz, No Disgorgement of Excess Fees Without Formal Service

Rubin on Probate Litigation summarizes Simmons v. Estate of Baranowitz, — So.3d — (Fla. 4th DCA 2015), 2015 WL 2089071, which  case held that a court could not order disgorgement of excessive fees from a personal representative’s counsel individually, where the personal representative’s counsel was not served by with formal … Continue reading

Jonathan Gopman


Jonathan E. Gopman is chair of the trusts and estates practice at Akerman LLP, a fellow of the American College of Tax Counsel and a member of the American Bar Association and the ABA’s Section of Real Property, Trust and Estate Law. He is co-chair of the Asset Protection Planning Continue reading

Michael Sneeringer


Michael A. Sneeringer is an associate in Akerman LLP’s Naples office. He practices in the areas of estate planning, probate administration, asset protection planning, and tax law. He serves as a Co-Vice Chair of the Asset Protection Planning Committee of the Real Property, Trust and Estate Law Section of the Continue reading

When is a Trust Protector a Fiduciary? by Richard C. Ausness

Richard Ausness has made available for download his article, “When is a Trust Protector a Fiduciary?,” which was published in the Quinnipiac Probate Law Journal, Vol. 27, No. 3, 2014.  The Abstract reads as follows:

The use of trust protectors has become increasingly popular in the past twenty years. This

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Minimizing Probate-Error Risk by Mark Glover

Mark Glover has made available for download his forthcoming article, “Minimizing Probate-Error Risk,” to be published in the University of Michigan Journal of Law Reform. The Abstract reads as follow:

By prescribing the method by which courts evaluate the authenticity of wills, the law of will-execution allocates probate-error risk between

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