Venable: Virginia Bans Mandatory Arbitration in Investment Adviser Client Agreements, but Is the Ban Enforceable? (Sept. 16, 2019)

Venable reports that Virginia has issued new regulations banning arbitration in investment advisor client agreements. Venable's article begins as follows: Virginia's State Corporation Commission (SCC) has issued a new regulation, 21-VAC5-80-200(F) (the "SCC Anti-Arbitration Regulation"), that prohibits investment advisers operating in Virginia from including "any mandatory arbitration provision in an advisory contract."1 This new rule, … Continue reading Venable: Virginia Bans Mandatory Arbitration in Investment Adviser Client Agreements, but Is the Ban Enforceable? (Sept. 16, 2019)

Nicole K. Mann & Jane Zhao, Can You Keep A Secret? Working With Silent Trusts (Bloomberg)

Nicole K. Mann & Jane Zhao, of McDermott Will & Emery, have made available for download their article, Can You Keep A Secret? Working With Silent Trusts, published in the Tax Management Estates Gifts & Trusts Journal (2018). Their article discusses the potential benefits of silent trusts and considerations when managing and administering one as … Continue reading Nicole K. Mann & Jane Zhao, Can You Keep A Secret? Working With Silent Trusts (Bloomberg)

McDermott Will & Emery: Illinois Enacts New Trust Code: What Fiduciaries Need to Know (Sept. 16, 2019)

Peter B. Allport, Nicole K. Mann, Jared R. Cloud and Margaret Elizabeth Sanne, of McDermott Will & Emery, have published an article discussing the new trust code enacted by Illinois. Their article, begins as follows: Effective January 1, 2020, the new Illinois Trust Code (ITC) will replace the Illinois Trusts and Trustees Act, ushering in … Continue reading McDermott Will & Emery: Illinois Enacts New Trust Code: What Fiduciaries Need to Know (Sept. 16, 2019)

Smith, Zidar & Zwick: Top Wealth in the United States: New Estimates and Implications for Taxing the Rich, NYU Tax Policy Colloquium Series (2019)

Eric Zwick, Chicago Booth and NBER, presented Top Wealth in the United States: New Estimates and Implications for Taxing the Rich, along with Matthew Smith, U.S. Treasury Department, and Owen Zidar, Princeton, at NYU last week as part of its Tax Policy Colloquium Series hosted by Lily Batchelder and Daniel Shaviro. The Abstract for this presentation is as follows: This paper uses … Continue reading Smith, Zidar & Zwick: Top Wealth in the United States: New Estimates and Implications for Taxing the Rich, NYU Tax Policy Colloquium Series (2019)

Notice 2016-66: IRS Offers Settlement for Mirco-captive Insurance Schemes

The Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Taxpayers eligible for this offer will be notified by letter with the applicable terms. Taxpayers who do not receive such a letter are not eligible for this resolution. Abusive micro-captives have been … Continue reading Notice 2016-66: IRS Offers Settlement for Mirco-captive Insurance Schemes

McKinsey + Co.: Managing your scarcest resource: Time

McKinsey & Company has re-issued a classic report dealing with using time more effectively. The McKinsey & Company report begins as follows: Pervasive economic and political uncertainty. Proliferating corporate programs and initiatives. 24/7 communications. No wonder many businesspeople think there aren’t enough hours in the week. In fact, when we asked some 1,500 executives about … Continue reading McKinsey + Co.: Managing your scarcest resource: Time

HBR Hotlist.2019.09.16: What to say when employees make a mistake; coaching junior employees; changing your mind makes you seem intelligent; managing employees who always want to impress you

To Coach Junior Employees, Start with 4 Conversations By Jerry Connor #1: How to build resilience. BRANDING A Study of 597 Logos Shows Which Kind Is Most Effective by Jonathan Luffarelli, Mudra Mukesh, Ammara Mahmood Is your logo too simple for its own good? DECISION MAKING Research: Changing Your Mind Makes You Seem Intelligent by Martha Jeong, Leslie K. John, Francesca Gino, Laura Huang And … Continue reading HBR Hotlist.2019.09.16: What to say when employees make a mistake; coaching junior employees; changing your mind makes you seem intelligent; managing employees who always want to impress you