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Springboard to Stronger Client Relationships
Use tax reform to start the conversation about charitable giving.Nearly half of investors say they want more from their wealth advisors when it comes to philanthropic planning and guidance.1 This...
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The “Why” Behind a Gift
Understanding more than the what, when and how is key.Recently published reports indicate that Americans donated to charities at record levels in 2017, continuing an upward trend experienced since...
View ArticleOctober 2018 Issue
Program Trusts & Estates Primary category Trusts & Estates Published DateTime Sep 27, 2018 Privacy Settings anonymous user Promote on Site List and RSS Allow in RSS feed: Google News Flag:...
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Minimize Creditor Challenges to Self-Settled Spendthrift Trusts
Certain structures may work better than others.In May, we published an article in this journal entitled “Alaska Supreme Court Invalidates Exclusive Jurisdiction Provision,”1 concerning the Alaska...
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It’s Time to Talk About Standby Revocable Trusts
Your client might be the next Vivian Maier or her next door neighbor.Lawyers who are conscious of their clients’ needs and desires may reflect—alone and in consultation with each client—on the client’s...
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If You Can’t Beat ’Em, Join ’Em
UDTA and directed trust statutes come of age.Over the last decade, trust law has evolved so the role of trustee can better reflect the open architecture that modern families desire. It’s now...
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Cryptocurrency and the FBAR
Reporting requirements that every estate planner should know.Jeopardy! Answer: It has no filing fee, no associated tax, but if you don’t report your Bitcoin on it, you may lose half your account....
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Avoid Private Trust Company Pitfalls
Focus on managing both wealth and risk.Many factors influence whether and the extent to which a family’s prosperity thrives over multiple generations. Increasingly, wealthy families are establishing...
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Case Studies From Israel
Cross-generation transitions of ownership, control and management of the family business.The state of Israel is a small country, about the same size as New Jersey in the United States. It’s located on...
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Major Changes in Japan’s Gift and Inheritance Tax Laws
Welcome relief for foreign nationals who qualify as temporary foreigners.There have been significant gift and inheritance tax reforms in Japan in recent years as the Japanese government attempts to...
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The Trusts and Estates Lawyer at 40
Four key drivers of change.I turned 40 this past January. In a time of enhanced longevity and aphoristic sayings about age, feeling and youth, I don’t know if turning 40 continues to be a significant...
View ArticleNovember 2018 Issue
Program Trusts & Estates Primary category Trusts & Estates Published DateTime Oct 23, 2018Committee Report on International Practice; Art, Auctions & Antiques; Estate Planning and...
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How ING Trusts Can Offset Adverse Effects of Tax Law: Part II
Gift tax and other issues.Incomplete non-grantor (ING) trusts, transfers to which aren’t completed gifts and aren’t grantor trusts for income tax purposes, may help to navigate the adverse income tax...
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Letting GRATs Fail for Success
When to pull the plug on an underwater grantor-retained annuity trust.If a 2-year grantor-retained annuity trust (GRAT) is to be successful at transferring wealth to its remainder beneficiaries, it...
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Final Disposition of a Trust’s Inherited IRA
How to make direct transfers to the beneficiaries.When a decedent’s individual retirement account is payable to a trust under an IRA’s beneficiary designation, the day may come for the trust to...
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Bridging the Experience Gap
Creating an expectation of premium services.Many estate-planning attorneys quote fixed fees for services. Therefore, I commonly ask my colleagues, “Do you ever quote a fee that’s below the true value...
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Optimizing Trust and Estate-Planning Teams
Quarterback and jazz combos provide good models.In the late 20th century, the U.S. Army War College created the acronym “VUCA” to describe the conditions that would exist after the disintegration of...
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Focusing on the Long Game
Tips and perspectives on raising “baby lawyers.”Ah, the “baby lawyer”—a special beast we all know well, for we were all baby attorneys at some point, yes? So eager and excited to begin practice....
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Interaction of Indian and U.S. Tax Laws
High-net-worth individuals and global businesses are affected.The number of high-net-worth (HNW) Indians is expected to increase by 71 percent in the next five years. We expect to see a direct...
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A Tale of Two Generations
How a Millennial and a Gen Xer view their law practice.New estate-planning attorneys may see the practice differently from those who’ve been out a while. Here are the perspectives of one recently...
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