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Estate Planning Services Are Becoming Table Stakes
Clients increasingly view estate planning as a core element of holistic wealth management, not just a one-time task, according to a survey from online estate planning platform Vanilla . Estate...
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Sophisticated Internet Scams Targeting Elderly Clients Are Rampant
Help prevent your clients from falling victim to fraud. Sophisticated internet scams and fraud are alarmingly on the rise in our country, so much so that The New York Times has an entire series,...
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New Delaware Law Expands Use of Trusts for Well-Being Programs
Five issues to consider. When most people think about Delaware, they think of corporate headquarters and President Joe Biden’s likely new residence. But lost amid the pre-election news cycle this fall...
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Senate Selects New Leader, Setting Up 2025 Tax Sprint
John Thune favors pro-growth policies. For the first time in 17 years, and just in time for the “Super Bowl of Tax,” Senate Republicans will have a new leader in Sen. John Thune (R-S.D.). Thune won...
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Are Your Clients Ready to Comply with the Corporate Transparency Act?
Steps to take before the Jan. 1, 2025 filing deadline. Sophisticated family enterprises often employ legal entities and governance structures to support complex and dynamic economics and decision...
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Wealth Managers Play a Crucial Role in High-Net-Worth Divorces
Wealth managers bring a unique combination of expertise and experience that many matrimonial attorneys may not possess. Divorces are often messy affairs, even before the division of financial assets...
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Federal Court Suspends Corporate Transparency Act Enforcement
Clients and reporting companies should stay tuned for further updates. On Dec. 3, 2024, in the case of Texas Top Cop Shop, Inc. v. Garland, No. 4:24-cv-00478-ALM (E.D. Tex.), the U.S. District Court...
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Post-Election Estate Planning: A New Era
Strategic insights for business owners, artists and art collectors. As the dust settles from the 2024 elections, significant changes loom for tax and estate planning. For business owners, artists, and...
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GST Tax Exempt Status Retained for Court-Modified Trust
The proposed changes didn’t shift the beneficial interest or extend the vesting period under the original trust. In Private Letter Ruling 202432012 (Aug. 9, 2024), the Internal Revenue Service...
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A Tale of Two Recent QTIP Trust Termination Cases
The Anenberg and McDougall decisions have broad implications for estate planning. Through the years, the U.S. Tax Court has clarified the gift tax consequences of terminating qualified terminable...
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