Wealth Strategies Journal

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Month: July 2016 (page 1 of 4)

‘REITarization’ Effects on Global Real Estate Investments by Kiat Ying Seah, James D. Shilling, Tien Foo Sing, Long Wang

Kiat Ying Seah, James D. Shilling, Tien Foo Sing and Long Wang have made available for download their paper, “‘REITarization’ Effects on Global Real Estate Investments.” The abstract is as follows,

The creation of real estate investment trusts (REITs) facilitates the conversion of illiquid commercial real estate assets into liquid

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The Socio-Economics of the Federal Estate Tax: Why Do so Many People Hate (or Love) this Centenarian? by I. Richard Gershon

I. Richard Gershon, University of Mississippi School of Law, has made available for download his paper, “The Socio-Economics of the Federal Estate Tax: Why Do So Many People Hate (or Love) this Centenarian?” The abstract is provided,

The federal estate tax has faced many detractors during its almost 100 years

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Dimensions of Fiduciary Loyalty by Paul B. Miller

Paul Miller of McGill University has made available for download his paper, “Dimensions of Fiduciary Loyalty.” The abstract is as follows,

This essay discusses the concept of loyalty in fiduciary law. It contrasts fiduciary loyalty with moral conceptions of loyalty, and argues that the distinctiveness of fiduciary loyalty is best

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3 Succession Solutions for Family Farms by Matthew T. McClintock

Though many may no longer even know what they look like, family farms are still a major source of wealth in the United States and around the world. Matthew McClintock summarizes some of the best options for a family to pass on these valuable farms which had an average value … Continue reading

Recent Cases of Interest to Fiduciaries by McGuireWoods

McGuireWoods has made available for download an installment report on recent cases of interest to fiduciaries. Some of the cases include,

  • In the Matter of Estate of Leon C. Chamberlain, 135 A.D.3d 1052 (N.Y. App. Div. Jan. 7, 2016)
    Modification of trust terms is appropriate where limitations on investments
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Selling a Business Involves More Than Money by Paul Sullivan

In his article, Paul Sullivan discusses the mistakes that many people make when selling a business and not consulting a business adviser. He explains,

The mistakes people make in selling their businesses stay with them long after the check has cleared and their new life has begun. They may have

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IRS Rulings on Exclusions

On July 8th the IRS issued the following ruling.

Number 201628002, Summary: The IRS ruled that a couple may apply the reduced maximum exclusion under section 121(c) to the sale of a condominium with two small bedrooms, despite having used it as their primary residence for less than two of the preceding … Continue reading

Why Land and Homes Actually Tend to Be Disappointing Investments by Robert J. Schiller

Robert J. Schiller, Professor of Economics at Yale, discusses an unusual trend in the market that he has found: land and homes may not be as good of an investment as we think. He begins,

Over the century from 1915 to 2015, though, the real value of American farmland (deflated

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Two New Cases on Using Computers “Without Authorization” under the Computer Fraud and Abuse Act by Jim Lamm

Jim Lamm discusses two recent cases in which individuals were found in violation of the Computer Fraud and Abuse Act for using computers “without authorization.” He summarizes,

The first case, decided on July 6, 2016, is United States v. Nosal (a/k/a Nosal II because the Ninth Circuit also issued an opinion on

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Study Shows Users Don’t Read Terms of Service Agreements by Jim Lamm

In his article, Jim Lamm comments on a recent study that found that users don’t read Terms of Service Agreements and Privacy Policies, specifically citing that 98% of users missed the so-called “gotcha clauses” that the experiment creators had planted in their study. He summarizes the findings,

In their experiment,

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How Lapsing A Life Insurance Policy With A Loan Can Cause A Tax Bomb by Michael Kitces

In a recent post, Michael Kitces discusses the very common and well regarded life insurance policies that many have but also the less often considered taxation of such policies. He explains,

However, while a life insurance loan isn’t taxable – nor is its subsequent repayment – the presence of a life

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The Three Levels of Business Succession Planning by Julius Giarmarco

Julius Giarmarco of Giarmarco, Mullins & Horton recently presented at the Greensboro, North Carolina, Financial and Estate Planning Council, on the topic of business succession planning. His entire presentation for the seminar is available for download here.

Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal

North Carolina Court of Appeals Affirms the Unconstitutionality of a State Income Tax on a Non-North Carolina Trust by McGuireWoods

In a recent legal alert, McGuireWoods summarized the case Kimberly Rice Kaestner 1992 Family Trust vs. North Carolina Department of Revenue. The post begins,

On July 5, 2016, the North Carolina Court of Appeals affirmed the Business Court ruling in the matter of Kimberly Rice Kaestner 1992 Family Trust v.

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A Reading List of Tell-Alls, Strategic Plans and Cautionary Tales in Finance by Andrew Ross Sorkin

Andrew Ross Sorkin has curated a list of some of his top business and finance reads of the moment. Some of the highlights on his list include what he calls the most fun business book of the year, “Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley,” a book for deal … Continue reading

Center on Budget and Policy Priorities Report on Federal Estate Tax

The Center on Budget and Policy Priorities released a policy basics report earlier this month in which they explained that the federal estate tax has weakened for the past 15 years. This news comes despite beliefs that the tax has little effect on high income taxpayer’s saving and provides heirs with … Continue reading

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