The year 2013 may snap a 12-year winning streak for wealthy Americans on
taxes due on income, capital gains, dividends and giving money to their
heirs.
by Jeffrey R. Arsenault
Key provisions in the 2010 tax relief act are particularly advantageous to families with $10 million to $20 million in wealth.
by Mollie Bunis
Advisors should be an active participant in helping wealthy families bring children into philanthropic leadership roles.
Less than half of wealthy Americans say that leaving an inheritance is important, according to a survey by U.S. Trust.
by
Ray Fazzi
McDermott Will & Emery LLP has recruited a team led by Carlyn S. McCaffrey-a prominent attorney and lecturer-as part of an
expansion of its New York City private client group.
The Internal Revenue Service is extending the filing
deadline of a form needed to help determine the taxes on estates of
people who died in 2010.
by Michael Dolan
Sports stars such as N.Y. Yankee Curtis Granderson are leveraging their fame and fortune to help those in need.
by Mark S. Furman and Emily C. Shanahan
Trustees can take steps to help avoid conflicts or litigation with a trust's beneficiaries.
by Edward A. Renn
The 2010 Tax Relief Act gives clients a chance to transfer substantial wealth free of tax, but they must act quickly.
New tax rules in 2011 will make it very worthwhile for some people to
give big gifts to friends or family.
by Caren Chesler
One of the scariest decisions a family business may face is whether to hand a key management position to someone outside the family circle.
by Kathryn W. Miree
If an endowment or other long-term gift is to withstand the ravages of time, it must be made flexible with clearly stated goals.
by Jan Alexander
The unsettled status of the estate tax shouldn't deter clients from taking care of their long-term wealth protection planning.
On paper, a mere ten percentage points and 2,860 wealthy taxpayers
separate Republicans and Democrats in the fight over taxing
multimillion-dollar estates. The political differences loom larger.
As more families decide to shrink the lifespan of their foundations, many are expanding the role of their financial advisors.
Families would be able to make tax-free gifts to their children or
others of as much as $10 million, up from the current
$2 million limit, under the tax-cut bill Congress is debating this week.
by Caren Chesler
When it comes to dealing with the fruits of reproductive technologies, estate-planning law has not kept up with science.
by Susan T. Bart
These popular college-savings accounts can get complicated when used as part of an overall estate plan.
by Lisa S. Presser and Lance T. Eisenberg
Intentionally defective grantor trusts may soon replace GRATs as the "chicken soup" of estate tax planning.
by Robert Margolis
Some of the nation's wealthiest people are leaving huge chunks of their estates to their pets-to the chagrin of their human relatives.
