The Wealth Strategies Journal has posted a new article entitled. "New Risks for the New Generation: Encouraging Families and Family Owned Businesses to Implement a Family Risk Management Policy," by Patricia M. Annino.From the article: "Families and family owned...
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The Wealth Strategies Journal has posted a new article entitled, "Warning! The Service Believes S Corporations are Undervalued," by Daniel R. Van Vleet.From the article: "The 1999 decision of Gross v. Commissioner ("Gross") fundamentally changed the manner in which valuation experts and...
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According to a new study in the book Preparing Heirs, Victor Preisser and Roy Williams note that 70% of family wealth transfer and business succession plans fail. This statistic should encourage those who are looking to make an estate plan...
The Wealth Strategies Journal has posted a new article entitled "Cross Tested Retirement Plans," by Nick Paleveda. From the article: "A 401(k) plan is a plan to defer salary also known as an elective deferral plan. 401(k) plans was passed...
It's National Estate Planning Awareness Week and the message is simple. Estate plans are not only for the elderly, they are for adults in all stages of their lives. Estate plans are tailored to meet the needs and concerns...
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PricewaterhouseCoopers LLP released their 2012 Guide to Tax and Wealth Management. A free online downloadable copy is available for the public to view. The guide addresses the changing landscape of wealth management and taxation. Some of the areas it examines are...
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In Santa Clara Valley Housing Group, Inc., et. al. v. United States, the court held that the company's S corporation status was terminated by the pro rata issuance to shareholders of warrants to purchase additional stock. The corporation was using...
The Planned Giving Design Center features an article discussing the bonding effect of participating in philanthropy as an extended family. The article specifically details a family that sold a closely-held business that was centric to their relationship with one another....
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Forbes.com features an article discussing piercing the corporate veil of single member LLCs. The article primarily addresses two common faults that lead to piercing the veil. The first common problem is when the single member commingles personal and LLC funds allowing the...
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The Wealth Strategies Journal has posted a new article entitled, "I DIG IT Divorce," by Martin M. Shenkman.In this article, Mr. Shenkman discusses the benefits and consequences of having Intentionally Defective Irrevocable Grantor Trusts (IDIGTs), especially as they apply to...
The Wealth Strategies Journal has published an interview of Steven J. Oshins, author of a new law in Nevada, which creates two new business entities, called Restricted Limited Liability Companies and Restricted Limited Partnerships.Posted by Matthew Engler, Managing Associate Editor. ...
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The Wealth Strategies Journal has posted a new article entitled, "Recent Developments in Asset Protection Law - June 2011," by Jay Adkisson, Esq.Mr. Adkisson surveys recent case law regarding asset protection and summarizes pertinent changes for practitioners in that...
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In a recent revenue ruling, The IRS concluded that an LLC Taxpayer had satisfies the requirements of section 301.9100-1 and 301.9100-3, granting the LLC 120 days to file its election to pass-through rehabilitation tax credits to a tenant. An extention...
The Wealth Strategies Journal has posted a new article entitled, "FLP Update," by Martin Shenkman.In his article, Mr. Shenkman summarizes the insights offered by a panel of tax and business professionals on the use and management of FLPs and...
Peter Katt posted an article, Business Continuation Planning: Part II, 12 Life Ins Persp. 9 2010. As the second part of a series on business continuation planning, Katt brings two examples to explore the challenges involved in buy-sell planning. HAT...