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Extraterritorial Application of Russian Currency Control Rules
U.S. wealth management professionals need to take them into account.Despite several major changes introduced into the federal law “[o]n currency regulation and currency control” (the Currency Control...
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Review of Reviews: “A Social Welfare Theory of Inheritance Regulation,” Utah...
Mark Glover, associate professor of law, University of Wyoming College of Law in Laramie, Wyo.The regulation of inheritance—as it relates to social welfare—is a profound societal issue that’s...
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Review of Reviews: “Defending Place-Based Philanthropy by Defining the...
Roger Colinvaux, professor of law, Catholic University of America, Columbus School of Law in Washington, D.C.Professor Roger Colinvaux is a frequent writer on charitable topics, particularly private...
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Review of Reviews: “Cultivating Gardens and Cultivating Generations:...
Kimberly E. O’Leary, professor of law, Western Michigan University Thomas M. Cooley Law School in Lansing, Mich. and Marie Were, law lecturer, Te Piringa University of Waikato Faculty of Law, in...
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Japanese Inheritance and Gift Tax Reform
Increasing the taxes on the wealthy with worldwide assets.In April 2017, a new tax law took effect (the 2017 Reform) in Japan making it more difficult to avoid Japanese inheritance and gift tax by...
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Employer-Sponsored Charities May Help Employees Affected by Disasters
They provides tax benefits for both the donor and the organization. The destruction caused by Hurricanes Harvey, Irma, and Maria and the wildfires in California have led to an outpouring of charitable...
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The “Extra” Marital Benefits Gained Through Tenancy by the Entirety
Some planning opportunities exist.Marriage offers many benefits!“A successful marriage requires falling in love many times, always with the same person.” –Mignon McLaughlin “The great marriages are...
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Navigating a Brave New Digital World
How to make online assets accessible should you end up in the proverbial “cloud.”According to a survey in Rocket Lawyer, 63 percent of people don’t know what happens to their online or digital assets...
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IRS Announces New Compliance Programs
Many of the campaigns target international taxpayers and financial institutions.The Internal Revenue Service Large Business and International (LB&I) Division has announced on Nov. 3, 2017 the...
View ArticleSpecial Report: Charitable Giving
Uncertain times call for donor soul searching and a willingness to give... Download this special supplement from WealthManagement.com. Printer-friendly version
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Tips From the Pros: Does Estate Tax Repeal Really Matter?
Al W. King III explains why trusts should remain popular regardless of what happens to the estate tax and generation-skipping transfer tax.Depending on who one speaks with regarding the current status...
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The Uniform Directed Trust Act
Context, content and critique.The trust relationship is a creature of equity, not statute. So is the office of trust protector or trust director. In 2017, the National Conference of Commissioners on...
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Getting Out of Federal Court
Challenging jurisdiction in fiduciary litigation.There’s been a veritable explosion of fiduciary litigation in recent years, attributable to a host of factors, including the escalating amount of wealth...
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A FAST Solution to Legacy Planning
The “family advancement sustainability trust.”In their recent article entitled, “Innovate or Die,” Timothy J. Belber, Ian McDermott, and John A. Warnick assess the current estate-planning landscape and...
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Private Placement Life Insurance And Split Dollar
Marrying income and gift tax efficiency.When individuals are engaged in extensive wealth transfer planning, issues related to gifting and efficient funding of life insurance policies are often key...
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Premium Financing With Indexed Universal Life: Part I
First understand the opportunity, the product and the loan.In the last 15 years, premium financing has become a popular strategy for funding large trust-owned life insurance (TOLI) policies. The rise...
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Not Knowing the S Corp Rules Can Be Dangerous to Your Client’s Wealth
Avoiding pratfalls; how to fix muck ups.Superman is the most powerful S corporation (S corp) in the world. He’s so proud of his S status, he wears it on his chest. Until now, most people thought that...
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Epidemic of Opioid Abuse and Other Addictions
Effectively advise clients with a family member suffering from these conditions.Addiction has become a frequent news headline due to the alarming increase in opioid abuse and heroin use. Addiction...
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Personal Planning for Startup Founders
Help mitigate risk and set the stage for financial success.From Silicon Valley to Boston and virtually everywhere in between, we’re in a golden age of startup businesses. Some of the industries in...
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Make the Most of Giving Season
A recent survey provides insight into clients’ concerns.In the United States, many philanthropic individuals take Thanksgiving literally—the last two months of the year are considered giving season,...
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