Wealth Strategies Journal

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A Simple and Successful Marketing Strategy

Maribeth Kuzmeski suggests a simple way to obtain “marketing insurance,” which is her term for an easy and effective marketing strategy. She urges attorneys to determine the most regular source of new clients, create a handful of outreach efforts to attract that source of clientele, and make consistent progress every week.… Continue reading

Charles (Chuck) Rubin: Frequent Flyer Miles – Sometimes Taxable, Sometimes Not

By Charles (Chuck) Rubin

A recent Tax Court case adds to the rules that now exist whether frequent flyer miles will be considered taxable income. Below is a summary.

1. The general rule under Announcement 2002-18 is that awarded miles, whether issued by an airline for purchasing tickets, or from … Continue reading

In re Kevin Jerome Briggs: U.S. Bankruptcy Court Provides Guidance Whether Income Tax Related Debts Are Non-Dischargeable in a Chapter 7 Proceeding

On June 9, 2014, the United States Bankruptcy Court, Northern District of Georgia, Atlanta Division, granted in part and denied in part, Defendant Internal Revenue Service motion for summary judgment in the adverserial proceeding portion of a Chapter 7 case involving the debtor and plaintiff, Kevin Jerome Briggs, Sr., and … Continue reading

Julius H. Giarmarco

Giarmarco, Julius color 8-2011

 

 

 

 

 

 

Julius H. Giarmarco

Giarmarco, Mullins & Horton, P.C.
Tenth Floor Columbia Center
101 West Big Beaver Road
Troy, Michigan 48084-5280
P: (248) 457-7200
F: (248) 250-5599
email: jhg@disinherit-irs.com

Julius H. Giarmarco, J.D., LL.M., is chair of the firm’s Trusts and Estates Practice Group. Julius … Continue reading

Salvatore J. LaMendola, Esq.

LaMendola, Salvatore color 8-2011

 

 

 

 

 

 

Salvatore J. LaMendola, Esq.

Giarmarco, Mullins & Horton, P.C.
Tenth Floor Columbia Center
101 West Big Beaver Road
Troy, Michigan 48084-5280
P: (248) 457-7204
F: (248) 457-7219
email: sjl@disinherit-irs.com

 

Salvatore J. LaMendola specializes in charitable planning and planning for retirement plan benefits. Sal is the editor … Continue reading

Phillip B. Rarick

PHIL PIC - FORMAL SMALL PIC- 10-16-2010-bbb

 

 

 

 

 

 

 

Phillip B. Rarick

Attorney Phil Rarick has thirty years of experience in both private and public legal work. He previously served as counsel to the National Association of Attorneys General. Mr. Rarick concentrates in the fields of estate planning (wills and trusts), asset … Continue reading

7 Estate-Planning Mistakes People Often Make

Sheryl Nance-Nash has summarized seven typical estate planning mistakes that clients make.  She states that she did this so you’ll know what not to do when it comes to prepping your own estate plan.

See Ms. Nance-Nash’s article at 7 Estate-Planning Mistakes People Often Make.

Posted by Lewis J. SaretContinue reading

A Role for Law in Preparing for Death

Barbara Noah, Professor of Law at Western New England University School of Law, has written about the role of lawyers in preparing clients for death.  Her article begins as follows:

End-of-life law, though flawed, offers an opportunity to express individual values and preferences, via advance directives, health care proxies and

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Effective Succession Planning For Financial Advisors And The Problems With Advisor Compensation Based On Revenue Sharing

Michael Kitces writes about succession planning for financial advisors. His article begins as follows:

For years, industry commentators have been anticipating an “onslaught” of retiring baby boomer advisors who will begin to engage in succession planning en masse and sell their firms over the next decade. Yet year after year,

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C Corporations Use Insured Buy-Sell Agreements for Favorable Tax Treatment

Strategically using insured cross-purchase buy/sell agreements and stock redemptions, a surviving stockholder can receive a higher basis in his interest in the corporation without increasing the corporation’s E&P.

To achieve these results, stockholders initially purchase life insurance policies on the other stockholders. At a stockholder’s death, the corporation issues a … Continue reading

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