Goldman Sachs has recently published an article to their website which gives investment and portfolio management tips in the face of inflation. The article begins as follows: The tried and tested 60/40 formula for buy-and-hold investment portfolios got off to its worst start since World War II. The 60/40 portfolio — split between the S&P … Continue reading Goldman Sachs insights: How to Overhaul the Tried-and-Tested Investment Portfolio When Inflation Soars (July 28, 2022)

Greenberg Traurig LLP has made available for download their article, "Greenberg Traurig Secures Win for Client in Obus v. New York York State Tax Appeals Tribunal; Ruling is Major Change in New York Law on Statutory Residency," published on their website. The abstract is as follows: In a major change in New York’s law on … Continue reading Greenberg Traurig LLP: Greenberg Traurig Secures Win for Client in Obus v. New York York State Tax Appeals Tribunal; Ruling is Major Change in New York Law on Statutory Residency (July 21, 2022)

Charles (Chuck) Rubin published an article in the blog RUBIN ON TAX, titled "New Retirement Plan Distribution Rules Likely on the Way ". The article begins as follows: relating to retirement plan distributions. Another act on that subject is working through Congress - the Enhancing American Retirement Now (EARN) Act. A version has passed the … Continue reading RUBIN ON TAX – New Retirement Plan Distribution Rules Likely on the Way (July 21, 2022)

Andrea S. Kramer, John T. Lutz, William R. Pomierski, & Andrew M. Granek, of Mcdermott, Will, & Emery, have made available for download their article "McDermott, Will, & Emery: Responsible Financial Innovation Act: Proposed Tax and Reporting for Digital Assets." The abstract is as follows: On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten … Continue reading McDermott, Will, & Emery: Responsible Financial Innovation Act: Proposed Tax and Reporting for Digital Assets (July 15, 2022)

JULY 19, 2022 ~ NICHOLAS CHUCKAS Juan C. Antúnez, in his Florida Probate & Trust Litigation Blog, discusses Terrence Franklin's Ted Talk on unravelling his family history. The article begins as follows: The work we do as trusts and estates attorneys can alter the course of our clients’ lives. But it’s tempting to think of … Continue reading Florida Probate & Trust Litigation Blog: Bending the Arc of History by Terrence Franklin (July 14, 2022)

JULY 5, 2022 ~ NICHOLAS CHUCKAS Bryan Camp has published an article on the TaxProf Blog, titled "Lesson From the Tax Court: No §163 Deduction From Foreclosure Proceeds," which discusses the tax court decision in Ronald W. Howland Jr. and Marilee R. Howland v. Commissioner (2022). The article begins as follows: It’s not just Death … Continue reading TaxProfBlog: Lesson From the Tax Court: No §163 Deduction From Foreclosure Proceeds (July 5, 2022)

JULY 2, 2022 ~ NICHOLAS CHUCKAS The Joint Committee on Taxation issued an overview of the Federal Tax System as in effect for 2022 on June 28th. The summary is as follows: The current Federal tax system has four main elements: (1) an income tax on individuals, estates, trusts, and corporations (which consists of both … Continue reading Joint Committee on Taxation: Overview of the Federal Tax System

JUNE 28, 2022 ~ NICHOLAS CHUCKAS Deloitte has published their Tax News & Views which discusses the Financial Services and General Government budget package for the 2023 fiscal year. The abstract is as follows: The House Appropriations Committee on June 24 approved a Financial Services and General Government budget package for fiscal year 2023 that would increase … Continue reading Deloitte: Tax News & Views: House Appropriators Approve $1 Billion FY 2023 Budget Bump for IRS (June 24, 2022)

JUNE 25, 2022 ~ NICHOLAS CHUCKAS Marin Larkin has published an article on Barron's, entitled "Here's How Much the Average Working Boomer Has Saved for Retirement." The article begins as follows: The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. And the picture isn’t … Continue reading Barron’s: Here’s How Much the Average Working Boomer Has Saved for Retirement (June 23, 2022)

JUNE 23, 2022 ~ NICHOLAS CHUCKAS Paul B. Miller, in his New York Times article, discusses defenses for the wide testamentary freedom offered by American law. The abstract is as follows: American law is notoriously solicitous of property owners’ testamentary freedom. Interpretive theorists cannot but acknowledge its centrality to enabling law. Yet freedom of testamentary … Continue reading Oxford University Press: Freedom of Testamentary Disposition (June 14, 2022)

JUNE 22, 2022 ~ NICHOLAS CHUCKAS Ray Dalio published an article to LinkedIn, titled "Reducing Inflation Will Come at a Great Cost: Stagflation," which discusses the downsides of reducing inflation. The article begins as follows: For me, hearing supposed “experts” talk about what’s now happening in the markets and economy is like listening to nails … Continue reading Ray Dalio: Reducing Inflation Will Come at a Great Cost: Stagflation (June 21, 2022)

MAY 22, 2022 ~ NICHOLAS CHUCKAS Probate Stars discusses the Iowa Supreme Court's decision in Little v. Davis to uphold the decision of the district court that a surviving settlor of an irrevocable trust cannot, even with the consent of all beneficiaries, modify the dispositive terms of an irrevocable trust without court approval. Donald and … Continue reading Iowa Supreme Court: Surviving Settlor Cannot Modify Irrevocable Trust Without Court Approval (May 19, 2022)

June 18, 2022 ~ Nicholas Chuckas Matt E. Kirk of Holland & Knight LLP has made available for download his article, "Planning for the Future: Estate and Tax Planning with Digital Assets" published as a Holland & Knight Alert. The article begins as follows Cryptocurrencies are becoming a larger component of investors' portfolios, especially for … Continue reading Holland & Knight Alert: Planning for the Future: Estate and Tax Planning with Digital Assets (June 10, 2022)