Foreign Account Reporting Using Form 8938 --Has the Service Created Compliance Traps? By: Kevin E. Packman KEVIN E. PACKMAN is a partner in the Miami office of the law firm of Holland & Knight LLP, and has previously written for...
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Premarital Agreements and the Business OwnerBy Linda J. RavdinSome people planning to marry want to enter into a premarital agreement. A business owner may have particular concerns that may cause him or her to consider a premarital agreement. There are...
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Great Lakes Gold Rush: Valuing Mineral Rights in the Utica and Marcellus Shale PlaysBy: Robert A. Hauptmann and Patrick M. PolomskyEager to stake their claims, prospectors flocked in droves hopeful that great wealth could be achieved from extracting the regions' valuable natural resources....
The Financial Danger of Maximizing Taxable Gifts in 2012By: Jerome M. Hesch (FN1) At present, clients and their estate planning advisors are contemplating making $5,120,000 taxable gifts (or twice that amount using the split gift election) before year-end because the...
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Carried Away: Valuation of Carried Interests for Transfer Purposes By: Marcus A. Ewald and Brendan R. SmithOverviewPrivate equity and hedge funds represent alternative investment vehicles that continue to garner increased attention among institutional investors and high net worth individuals. These funds typically maintain...
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Warding Off Analysis ParalysisBy: David T. Leibell & Daniel L. DanielsWe've all heard the family business statistics before, but they're worth repeating FN1. Approximately 90 percent of U.S. businesses are family firms. They range in size from small "mom-n-pop" businesses to the likes...
How Much Can You GiftBy: Martin ShenkmanSummary:Everyone is talking about the importance of making big gifts in 2012, but the critical question for many, is how much can you realistically afford to gift without jeopardizing your own financial security? The question...
RECIPROCAL SLATSBy: Julius Giarmarco, J.D., LL.M. The once-in-a-lifetime opportunity to gift $5.12 million without gift or generation-skipping transfer (GST) tax will - without further Congressional action - expire on December 31, 2012. On January 1, 2013, the gift tax exemption will...
THE 60/40 CLAT By: Salvatore J. LaMendola, Esq.IntroductionDespite their impressive achievements, many successful business owners still experience a lack of accomplishment. This might have been best expressed recently by John Caudwell, a 58-year-old U.K. billionaire, as follows: "It's partly a question...
World's Ugliest 2012 Gift Plan By: Martin ShenkmanSummary: You might have seen worse, but this baby is up there. And, just like Ripley's Believe it or Not! Where "Truth is stranger than fiction," this plan was a real one. Fortunately the taxpayer appears to have...
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