Wealth Strategies Journal

Do More, Better, Faster

Steve Akers: ACTEC 2015 Fall Meeting Musings – Special Assets (e.g., firearms, aircraft etc), Uniform Acts Re Digital Assets, Decanting, POAs and More

Steve Akers, Senior Fiduciary Counsel, Southwest Region, Bessemer Trust, has made available for download his musings regarding the ACTEC 2015 Fall Meeting.  The summary is as follows:

The 2015 ACTEC Fall Meeting was held in Monterey, California on October 15-18, 2015. A detailed summary of Steve R. Akers observations from … Continue reading

Debt Consolidation Strategies Using Peer-To-Peer Lending Platforms

Michael Kitces writes about the recent explosion of the peer to peer lending phenomenon as well as some of its potential pitfalls in a recent article. The post begins as follows:

In just the past few years, Peer-to-Peer (P2P) Lending has exploded from a potentially disruptive lending niche to a

Continue reading

You can now request copies of the phony tax returns filed in your name

Jonnelle Marte writes about a new IRS service that allows taxpayers who have had a fraudulent return filed in their name  view said fraudulent return in order to help victims determine how much personal information has been compromised. The article begins as follows:

After learning that a fraudulent tax return has

Continue reading

Tax Court: Pending Income Tax Refunds Includable In Estate

In Estate of Russell Badgett Jr. v. Commissioner, the Tax Court held that the decedent had property interests in form of the values of his 2011 and 2012 Federal income tax refunds and consequently the refunds are included in the value of decedent’s gross estate for Federal estate tax purposes.

See full opinion … Continue reading

For Investors, ‘Portfolio Insurance’ Against Market Declines

John F. Wasik writes about different strategies investors can utilize to protect their investments against market volatility in a recent article. It begins as follows:

Whenever the stock market shows a bad hand, as it did in the third quarter, nearly all stock investors hope they have something akin to

Continue reading

Estate Planning for the Never-Married

In a new post, Fran Hawthorne writes about the importance of estate planning for the increasing number of American adults who have never married and have no children. The article begins as follows:


When Adam Cooperman opened a technology consulting firm in New York City eight years ago at

Continue reading

Amazingly, IRS Says You Can’t Rely On IRS Instructions

In a recent article, Robert W. Wood writes the shocking trend of taxpayers following IRS instructions and publications when filing taxes, only to discover that these instructions are not actually an official part of tax law. The article begins as follows:

If the IRS gives you instructions how to complete a tax

Continue reading

Irrational Game Aims to Steer Consumers Toward Rational Choices

Greg Beato writes about a new game designed by Duke University professor of psychology and behavioral economics Dan Ariely, in which he highlights the dangers of irrational economic behavior. The article begins as follows:

In his 2008 best-selling book, “Predictably Irrational,” Dan Ariely, a Duke University professor of psychology and behavioral

Continue reading

New IRS Procedure for Issuance of Federal Estate Tax Closing Letters

Lisa Roberts-Mamone writes about a new IRS procedure for issuing federal estate tax closing letters in a recent post on Wealth Director. The procedure for requesting a letter is as follows:

Effective for all federal estate tax returns filed on or after June 1, 2015, federal estate tax closing letters will

Continue reading

Failure To Fulfill Trust Requirements As Grounds For Trust Termination

Luke Lantta, of Bryan Cave, writes about the Michigan Court of Appeals decision in Trupp v. Naughton, in which the court suggested that the trustees have the ability to terminate a trust when the purposes of said trust have become impossible to achieve.

See the full article at: Failure Continue reading

Rocke v. American Research Bureau et al.: Doctrine of Dependent Relative Revocation

Jenna Rubin, an Associate at Gutter Chaves Josepher Rubin Forman Fleisher P.A., discusses Rocke v. American Research Bureau et al., in a recent post. The post begins as follows:

For anyone looking for a refresher on the doctrine of dependent relative revocation, this decision is a good read.  In

Continue reading

Making an Adviser Relationship Work

Fran Hawthorne writes about the sometimes tumultuous personal relationship between investors and financial advisers in her new article in the New York Times. It begins as follows:

In spring 2001, after losing about $75,000 in the dot-com crash, Jerrie Champlin and her husband, Robert Baranowski, decided it was time for

Continue reading

Plan Your Digital Legacy, and Update Often

Constance Gustke of the New York Times writes about the new frontier of digital assets in the world of estate planning. The article begins as follows:

Andrew Magliochetti, 38, always feared dying without an estate plan. In his 20s, he prepared a will. But after consulting with his money manager,

Continue reading

Logan Davis

Associate Editor



George Washington University Columbian College, B.A. in Political Science & B.A. in History, 2017 (expected).

Logan is currently an Undergraduate Junior at George Washington University. He most recently worked at the US Department of Education, where he served as a member of the Military Affairs Team. … Continue reading

‘Supersavers’ Focus on the Goal

Paul Sullivan of the New York Times writes about a new breed of savers who are committed to reaching their retirement goals through strict budgeting. The article begins as follows:

During the 2007-8 financial crisis, Chris Reining said, he panicked. His state of anxiety wasn’t brought on by the collapse

Continue reading
« Older posts