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Advising Private Clients Around the World
Updates from 16 jurisdictions. I periodically compile an update of developments in jurisdictions around the world. In 2018, I focused on family offices.1 Now, I’ve added client private services to the...
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The Unfinished Business Of U.S. International Tax Law
Taxpayers are starting to push back. For many years, the international tax landscape in the United States has been reactionary. Treasury receives pressure to close a perceived gap or raise tax revenue...
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U.S. Administration of the Unplanned Foreign Estate
Triaging and tackling the issues. As globalization makes the world a smaller place, complex cross-border estates become increasingly common. Administering a purely domestic estate in the United States...
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Trusts & Estates: November 2023 Digital Edition
Program Trusts & Estates Primary category Trusts & Estates Publish Date Nov 03, 2023 Features on Fiduciary Professions and Perspectives, plus columns on Tax Law Update, Philanthropy and Tips...
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Yes Virginia, Trustees Have a Duty to Minimize State Income Taxes on Trusts
An argument as to why fiduciaries can’t ignore this analysis. Trustees throughout the United States have a continuing statutory and/or common law duty to administer their trusts in appropriate...
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Tax-Wise Charitable Remainder Trust Planning
Getting it right; fixing up the other guy’s mistakes. When it comes to charitable remainder trusts (CRTs), Groucho Marx’s line from the 1930 movie Duck Soup is instructive: “Why, a four-year-old child...
View ArticleTax Law Update December 2023
The biggest tax-related developments of the past month. •Private letter ruling confirms trust settlement doesn’t create gift or generation-skipping transfer (GST) tax issues—In PLR 202343005 (Oct. 27,...
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Is That Really the Bargain Price?
In the world of philanthropy, there are “bargains” as well, but they may be lost without proper documentation. With the holiday shopping season in full swing, many consumers enjoy the search for a...
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Tips From the Pros: Estate Planning for Middle Rich Clients
Stick to the basics. Advisors have an important role in convincing clients to take the necessary steps to achieve their goals. My thesis is that clients can sense our doubts. If we’re unsure about a...
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Seven Reasons to Start Planning Before Exemption Change
Use it or lose it. As most advisors are aware, the lifetime exemption from federal gift, estate and generation-skipping transfer tax will rise to $13.61 million in 2024. Practitioners should educate...
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Note From the Editor December 2023
Editor in Chief Susan R. Lipp weighs in on the contents of this month's issue. When drafting trust documents, it’s important for practitioners to know where the trust is sitused and be familiar with...
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On the Cover December 2023
Legal Editor Dawn S. Markowitz discusses this month's cover art. John Nieto’s Rancho de Taos Church sold for $34,650 at Hindman’s Western & Contemporary Native American Art auction on Nov. 1,...
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Trusts & Estates: December 2023 Digital Edition
Program Trusts & Estates Primary category Trusts & Estates Publish Date Nov 29, 2023 Features on Fiduciary Professions and Perspectives, plus columns on Tax Law Update, Philanthropy and Tips...
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