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How Illiquid Taxpayers Can Take Advantage of the New 60% Charitable Deduction
Your clients should consider cash donations. Lawyers, accountants and financial advisors routinely encourage their charitably inclined clients to donate appreciated property to charity. More often...
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Systems Thinking: A Practical Lens for Understanding Enterprising Families
Help clients overcome the disruptions caused by emotional ping pong. As advisors working with families who share assets, we have front row seats to our clients’ complex family relationships. So, when...
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Delaware
New tools for tending an evolving landscape. In June, Delaware enacted its latest installment of annual trust legislation. Trust Act 2019 includes many revisions and clarifications, but two new...
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Nevada
Four attributes to consider. When deciding which trust jurisdiction to use to situs a trust, Nevada is often the chosen jurisdiction for a multitude of reasons. It excels in nearly every desired...
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South Dakota
Legislative, judicial and executive developments. South Dakota trust law has changed over the last few years. Let’s focus on the legislative, judicial and executive branch actions that have generally...
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New Hampshire
Several significant judicial and legislative developments. By: Todd D. MayoNew Hampshire has seen several significant judicial and legislative developments over the course of the past two years. The...
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The Often Unexpected Consequences of The Creation of a Perpetual Trust
How beneficiaries will be affected. Many U.S. attorneys and financial planners continue to recommend that their clients create perpetual trusts, frequently referred to as “dynasty trusts.” While there...
View ArticleAugust 2019 Issue
Program Trusts & Estates Primary category Trusts & Estates Publish Date Jul 24, 2019 U.S. Supreme Court Decides Kaestner But Teaches Little, Four Part Trust Law Roundup Gating level paid...
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Issues in Income Shifting
What’s past is prologue. Examining the history of the back-and-forth between taxpayers and the Internal Revenue Service over income shifting helps us gain a clearer idea of what isn’t possible and...
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Spotting Hidden Raptors in Estate Administration
A checklist for practitioners. Click here to read the article.
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Women and Wealth
Planning challenges and strategies for female clients. The percentage of women in the workforce has increased significantly over the past few decades. Women accounted for only 32.7% of the U.S. labor...
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The Death of Percentage Allocation Rules For IRA Payments to a Non-Marital Trust
Revised Section 409 of the Uniform Principal and Income Act creates a seismic shift in fiduciary accounting. Among a trustee’s duties, properly allocating receipts between principal and income ranks...
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Maximizing Clients’ Total Wealth Post-SECURE Act
Enactment of new law will substantially change estate, tax and retirement planning strategies used for decades. The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act),...
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Considering Alternative Risks in Portfolios
Bonds can do a good job, but other strategies are worth considering. Equity risk will inevitably play some role in a portfolio, depending on the portfolio’s goals. That makes sense when you consider...
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Meeting Cash Flows With Lower Market Returns
What to tell clients. U.S. investors have experienced strong market returns over the past 10 years due to a steady economic recovery and supportive, low interest rates. We’re now in the midst of the...
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Looking Beyond Diversification to Manage Portfolio Risk
Correlation asymmetrics may have an impact. One of the most vexing problems in investment management is that diversification can disappear when investors need it most. In fact, correlations—the degree...
View ArticleSeptember 2019 Issue
Program Trusts & Estates Primary category Trusts & Estates Publish Date Aug 27, 2019 Women and Wealth, Maximizing Clients’ Total Wealth Post-Secure Act, Issues in Income Shifting Gating level...
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An Update on Third-Party Discretionary Trusts With Spendthrift Provisions
Al W. King III discusses the recent trend by the courts to disregard a spendthrift clause of third-party trusts when exception creditors are involved. The trust spendthrift clause has been an...
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The Elements of a Good Gift Acceptance Policy
Anticipate problems and know how to avoid them. Most charities have gift acceptance policies (GAPs). I’ve never seen a GAP I liked.What’s a GAP?Conceptually, a GAP deals with matters pertaining to a...
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Creating and Operating Charitable Entities
Help clients choose their philanthropic paths through a private foundation or donor-advised fund. Private foundations (PFs) and donor-advised funds (DAFs) can be thought of as large bodies of money...
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