by Martin M. ShenkmanSummary: If a trust is treated as owned by the person setting it up ("grantor") for income tax purposes, good tax results follow. The grantor can pay income tax on trust earning allowing tax free growth of...
Continue reading "Practical Planner: Grantor Trusts - All that Glitters Is Not Gold"
by Charles K. Kolstad, Jessica R. Lubar and Bradford S. Cohen Holders of offshore bank accounts, along with their accountants and tax advisors, should be aware of recent proposals which could significantly change their reporting obligations, increasing both the disclosed information and the penalties for...
By Robert L. Moshman, Esq.The Year in Review, 2009Plus: Estates in the News"It was the best of times, it was the worst of times."Charles Dickens, Tale of Two Cities (1859) "It was the best of times, it was the worst of...
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by Julius H. Giarmarco, Esq. Almost every estate planner has undoubtedly come across clients who have a special needs (disabled) child or grandchild. Planning for the future needs of a special needs individual requires an in-depth understanding of state...
Continue reading "Giarmarco Book Review: Special Needs Book by Sebastian Grassi"
By Robert L. Moshman, Esq. "Prevention of problems is more effective than trying to reform a wayward estate."We plan and plan and plan yet the best laid plans go wrong! We plan for contingencies and provide for flexibility yet people can...
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By Robert L. Moshman, Esq.Love and marriage, love and marriage, goes together like a horse and carriage. This I tell ya, brother, you can't have one without the other. When does a condition on a bequest become impermissible as...
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SSRN link: Protecting Trust Assets from the Federal Tax Lien By Bryan T. Camp Introduction This Article offers some ideas on how to keep the federal tax lien locked out from trust assets using property law concepts of springing...
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SSRN link: Protecting Trust Assets from the Federal Tax LienBy Bryan T. CampIntroduction One common issue facing those who create trusts is how to protect beneficiaries from creditors. One of the biggest, baddest creditors out there is the Internal Revenue Service...
Continue reading "Protecting Trust Assets from the Federal Tax Lien - Installment 1"
By Somnath Basu We insure our life, health, our houses, our cars, teeth, eyes, our jewelry, our art, our voices, our pets ....... why not our stocks and bonds? If there were to be anything mystical in finance...
By George N. Luciani, CFPDefensive Allocation portfolio management vs. buy-and-hold Long-Only portfolio management has always been a mainstay of foundations and pensions but is becoming more accessible to advisors of high net worth (HNW) clients as well. The advent of exchange traded funds...
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