Wealth Strategies Journal

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Ted Dougherty and Lisa Sergi – Tax Planning Using the Constructive Sale Rules – When is a Constructive Sale not a Constructive Sale?


Tax Planning Using the Constructive Sale Rules – When is a constructive sale not a constructive sale?

By Ted Dougherty and Lisa Sergi

Notwithstanding strong headwinds in the financial markets, a number of hedge funds are sitting on large unrealized gains in their portfolios. Concerns arising from the outcome of elections … Continue reading

By Regina A. DeMeo: 5 Key Issues In A Divorce

What most people going through a divorce dwell on  is the why, or how did we get to this point?  Unfortunately, not everyone is capable of having a closure conversation, and many will be deprived of the apology they so long for, and perhaps rightly deserve.  Ultimately, it only takes … Continue reading

By Regina A. DeMeo: What Is Conscious Uncoupling?

Conscious uncoupling is not something invented by Gwyneth Paltrow and Chris Martin, who decided to separate amicably in 2014.  It is actually a movement that has been around for decades, and it is skillfully executed by trained mediators, who promote Alternate Dispute Resolution (“ADR”) methods for couples that want to … Continue reading

By Regina A. DeMeo: 3 Key Costs In a Divorce

They say freedom is priceless, and yet when you are contemplating a divorce, there are some pretty significant costs to consider before calling it quits, unless you are economically on par with couples like Brad Pitt and Angelina Jolie. Here are the top 3 expenses you must budget for when … Continue reading

Which Client Pitches Work? by Gary J. Ross

In a somewhat satirical post, Gary J. Ross gives some insight into client pitch decks that he has used and encountered. He begins,

In Biglaw, I often helped prepare client pitch decks, but I was never in the room when the pitch was made, at least that I recall. In

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United States of America v. Holmes et al

In an opinion released in mid-August, the US District Court for the Southern District of Texas came to a decision on the case of United States of America v. Barbara Holmes, et al. The suit sought to collect unpaid estate taxes to the IRS from an executrix and her husband … Continue reading

Why Some Life Insurance Premiums Are Skyrocketing by Julie Creswell and Mary Williams Walsh

In their article, Julie Creswell and Mary Williams Walsh comment on a problem that is plaguing the aging generation in the US. Insurance companies are finding it more and more difficult to pay their policy holders with interest rates so low. The article explains,

Around the world, life insurers are

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By Regina A. DeMeo: Are You Ready To Get Engaged?

Most couples get engaged between November and February each year, and then the wedding planning takes over for another 6-9 months until the big day. During that time, a couple will formulate a guest list that will not only drive the choice of a venue, but also the costs of … Continue reading

New Duke of Westminster Is Youngest Among World’s 400 Richest by Tom Metcalf

After his father’s sudden death, Hugh Richard Louis Grosvenor became the 7th Duke of Westminster. The 25 year old heir has now inherited the family’s $12.3 billion fortune. Tom Metcalfe’s article on the news begins,

Hugh Richard Louis Grosvenor, who became the 7th Duke of Westminster after the sudden death of

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Why You Should Tell Your Children How Much You Make – The New York Times

Ron Lieber of The New York Times writes about whether parents discussing their net income/worth with their children.  The article begins as follows:


When Scott Parker wanted his six offspring to know more about the value of money, he decided to do something that many parents would consider radical:

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By Regina A. DeMeo: Have You Dealt With Your Baggage?

Anyone over the age of 35 that has gone through a divorce has baggage– even if there were no children that resulted from that marriage. We all have poured time and energy into a relationship that failed, and when all your hopes and dreams for that marriage are shattered, it … Continue reading

Edwin Morrow – The Hunt for Tax Apportionment: Lessons from Tom Clancy’s Estate Litigation

The Hunt for Tax Apportionment: Lessons from Tom Clancy’s Estate Litigation

Edwin Morrow 

The Hunt for Red October was Tom Clancy’s debut novel in 1984.  It was a fun, exciting novel written in the Reagan, pre-Glasnost era about a rogue Soviet (remember the Soviet Union?) submarine captain, later turned … Continue reading

A Protector by Any Other Name… by Alexander A Bove, Jr.

Alexander A Bove, Jr., Bove & Langa, P.C., has made available for download his paper, “A Protector by Any Other Name…” The abstract reads,

An idea has developed in the domestic and international community of trust law that has, in a sense, revolutionized the drafting and administration of trusts. It allows

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Wills and Survival by Richard F. Storrow

Richard F. Sorrow, City University of New York School of Law, has made available for download his article, “Wills and Survival.” The abstract is as follows,

This Article examines the rule of lapse in wills law, discusses how efforts to reform the damage it does has led to the doctrine of

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Financial Advisers Can’t Overlook the Prudent Investor Rule by Max M. Schanzenbach, Robert H. Sitkoff

Max M. Schanzenbach, Northwestern University – Pritzker School of Law, and Robert H. Sitkoff, Harvard Law School, have made available for download their article, “Financial Advisers Can’t Overlook the Prudent Investor Rule.” The abstract reads,

This article calls attention to the Department of Labor’s imposition of the “prudent investor rule” on

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