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Associate Editor David Brito is a third year student at the McIntire School of Commerce at the University of Virginia, where he is majoring in Commerce with a concentration in Finance and Management with a track in Global Commerce. David joined the Journal as Associate Editor in 2020.
Peter B. Allport and Nicole K. Mann, of McDermott Will & Emery, have made available for download their article, Divergence Among States in Enforcement of In Terrorem Clauses in Wills And Trusts, published in McDermott Will & Emery blog page. The abstract is as follows: Recent decisions in California and Mississippi illustrate the divergence among … Continue reading Peter B. Allport & Nicole K. Mann (McDermott Will): Divergence Among States in Enforcement of In Terrorem Clauses in Wills And Trusts (August 4, 2020)
Advisers play key role in caring for the community From developing protocols to keep workers and clients safe in re-opened offices to helping communities of color, the pandemic has given many advisers new opportunities to contribute to their communities in valuable ways, writes Ana Trujillo Limón, senior editor of the Journal of Financial Planning, and editor … Continue reading FPA Smartbrief (Aug. 4, 2020): Advisors Contributing to Their Communities; Preparing for Wealth Shift to Women; Getting the Most Out of Your Marketing, and More!
“Woke-Washing” Your Company Won’t Cut It By Erin Dowell, Marlette Jackson How businesses can really follow through on their statements of solidarity. LEADERSHIP How to (Actually) Change Someone’s Mind by Laura Huang, Ryan Yu Three strategies to turn your adversaries into allies. PRODUCTIVITY You Need More Sleep. What Should You Do If You Can’t Get It? by Christopher M. Barnes Hint: Coffee … Continue reading HBR Hotlist (Aug. 3, 2020): Dealing with sleep deprivation at work; what to do when your boss doesn’t like you; how to reopen offices in COVID environment and more
Steve R. Akers, of Bessemer Trust, has published his summary of the ACTEC 2020 Annual Meeting Musings. The summary is as follows: Various seminars at the ACTEC 2020 Annual Meeting are summarized. Topics include: litigation issues, DNA testing effects, SECURE Act, pre-mortem probate, UPMIFA, well-being for planners, unconscious bias, foreign person as trustee, transfer planning, … Continue reading Steve R. Akers: ACTEC 2020 Annual Meeting Musings (July 20, 2020)
Mark J. Bennet of Victoria University of Wellington, has made available for download his article, The Illusory Trust Doctrine: Formal or Substantive?, published in Victoria University of Wellington Law Review. The Abstract is as followed: This paper argues that the illusory trust doctrine is an exercise in formal reasoning according to principles of trusts law, rather … Continue reading Mark J. Bennett, The Illusory Trust Doctrine: Formal or Substantive? (June 9, 2020)
The IRS Large Business and International (LB&I) has issued a new Practice Unit, Receipt of Dividends or Interest from a Related CFC. Practice Units provide IRS staff with explanations of general tax concepts, as well as information on specific types of transactions. Practice Units are not official pronouncements of law or directives and cannot be … Continue reading IRS Tax Practice Unit: Receipt of Dividends or Interest from a Related CFC (July 29, 2020)
Bessemer Trust has released a research paper on the impact of the upcoming election on the financial markets. It addresses the following questions: How much do politics matter for markets, and how can an investor have an edge in anticipating political shifts?Should we throw out the polls?Is this election cycle going to be completely different … Continue reading Bessemer Trust (Holly MacDonald, Barbara Stern & Elise Mordos): Elections and the Markets Q&A (July 31, 2020)
Bridgewater has released a video by Bridgewater Senior Portfolio Strategist, Jim Haskell, on managing money in a zero interest rate environment. The summary and video are below: We believe the most important topic facing all investors today is how to manage money in a zero interest rate environment. Recently, Bridgewater’s research team published a three-part … Continue reading Bridgewater YouTube Video: Grappling with the New Reality of Zero Bond Yields Virtually Everywhere (July 23, 2020)
Update on COVID-19 Pandemic Tax Relief and Planning Opportunities The COVID-19 pandemic and accompanying economic downturn continues to create unprecedented challenges for individual and business taxpayers. Federal and state governments are contending with significant budget deficits but have successfully enacted several tax relief measures including increased flexibility, additional time to meet tax obligations, and relief … Continue reading Anderson Tax Q2 2020 Newsletter
Emily Taylor Poppe, of University of California, Irvine School of Law, has made available for download her article, Surprised by the Inevitable: A National Survey of Estate Planning Utilization, published in the UC Davis Law Review, Vol. 53, No. 5, 2020. The Abstract is as follows: The laws governing the transfer of property at death … Continue reading Emily Taylor Poppe, Surprised by the Inevitable: A National Survey of Estate Planning Utilization (July 1, 2020)
Juan Antunez, on his Florida Probate & Trust Litigation Blog, discusses how to get to a jury trial in a Florida will contest and what difference that makes. His article begins as follows: In Florida we don’t have jury trials in will contests. But if you’re creative and the facts line up just right, your … Continue reading Juan C. Antunez: Getting to a Jury Trial in a Florida Will Contest (July 20, 2020)
Foley Lardner has published a succinct primer on Family Offices. It begins as follows: What is a Family Office? A “Family Office” is a wealth management entity created to provide investment and wealth management services tailored to the specific needs of a high net worth (HNW) individual or familyA Family Office can take on many … Continue reading Foley Lardner: Introduction to Family Offices (July 23, 2020)
Paul Sullivan's weekly New York Times Wealth Matters column focuses on the use of flowcharts and other visual aids in the context of estate planning. It begins as follows: As older adults face mortality during the pandemic, lawyers and wealth advisers are using color-coded documents and flowcharts to help them understand estate planning. To see … Continue reading Paul Sullivan, Wealth Matters, NY Times (July 24, 2020): Need Help With Your Estate Plan? Go With the Flow, Advisers Say
Do We Really Need the Office?What the WFH boom means for the future.The Implications of Working Without an OfficeEarly research on how people are — and aren’t — adapting and how leaders can help.Microsoft Analyzed Data on Its Newly Remote WorkforceHere’s what it found about meetings, culture, workdays, and engagement. Building Work-Life Boundaries in the WFH … Continue reading HBR – The Big Idea: The New Reality of Working From Home (WFH) – a Seven Part Series
Incapacity planning should never be overlooked COVID-19, and a host of other conditions, can result in temporary or permanent incapacity and create a huge financial issue for families unless they are properly prepared, writes Travis Neal, an attorney at Hartog, Baer & Hand, APC. In this blog post, Neal outlines what advisers and their clients … Continue reading FPA SmartBrief (July 24, 2020) Incapacity Planning Shouldn’t Be Overlooked and More!
The IRS, in IR-2020-168, reminded businesses required to file reports of large cash transactions that e-filing is a fast, easy and secure option for filing their reports. Now, businesses can batch file their reports, which is especially helpful to those required to file many forms. Although businesses have the option of filing Form 8300, Report of … Continue reading IRS FS-2020-11: IRS Reminds Businesses Must Report Large Cash Transactions (July 2020)
The tax matters partner of a partnership was not entitled to a charitable contribution deduction because the conservation purpose underlying the easement was not protected in perpetuity as required by Code Sec. 170(h)(5)(A). See full opinion by clicking Belair Woods, LLC v Commissioner, TC Memo 2020-112 (July 22, 2020).
Michael Kitces has written about Harvesting Capital Gains Vs Roth Conversions At 0% Tax Rates. The Executive Summary of his article is as follows: For many high-income clients, financial advisors recommend deferring income as a strategy to mitigate taxes, especially when the client is in a high tax bracket and expects to be in a … Continue reading Michael Kitces, Kitces Report (July 22, 2020): Harvesting Capital Gains Vs Roth Conversions At 0% Tax Rates