The Practice of Law or Not the Practice of Law, That is the Question

By Virginia H. Grigg This material was originally prepared for and presented at the Connor-Zaritsky 40thAnnual Advanced Estate Planning and Administration Seminar sponsored by Virginia CLE. As attorneys, we do not have to worry about engaging in the unauthorized practice of law (UPL) because we are licensed to practice law in our given jurisdictions.  However, we have … Continue reading The Practice of Law or Not the Practice of Law, That is the Question

The Virtual Family Office and Personal Financial Planning

By Susan M. Tillery Many consumers, as well as professional advisers, continue to think of personal financial planning as a tool to gather assets under management (AUM) or to sell products; however, CPA personal financial planners have developed a fee-for service model which offers integrated personal financial planning without AUM or product sales.  This model embodies … Continue reading The Virtual Family Office and Personal Financial Planning

Steve Akers: ACTEC 2019 Summer Meeting Musings (Including “Income Tax Planning Strategies for the Advisor’s Toolkit”)

Steve R. Akers, Senior Fiduciary Counsel, Bessemer Trust, has made available for download his comments on the ACTEC 2019 Summer Meeting. The summary is as follows: The 2019 ACTEC Summer Meeting was held in Vancouver, British Columbia, on June 26-29, 2019. A summary of observations from the seminars at the meeting is available on the … Continue reading Steve Akers: ACTEC 2019 Summer Meeting Musings (Including “Income Tax Planning Strategies for the Advisor’s Toolkit”)

The More Things Change, the More They Stay the Same? Foreign Investment in U.S. Real Estate after the Tax Cuts and Jobs Act

By Jonathan E. Gopman, Esq. and Paul J. D'Alessandro, Jr., Esq. On December 22, 2017, President Trump signed into law what is commonly referred to as the Tax Cuts and Jobs Act (the "Act").1 The Act represents the most comprehensive reform to U.S. tax law since 1986. In particular, the Act changed many long-standing U.S. international tax … Continue reading The More Things Change, the More They Stay the Same? Foreign Investment in U.S. Real Estate after the Tax Cuts and Jobs Act

Linda Kotis: Your Heirs May Find Your Single Member LLC Taxing

By Linda Kotis I. SMLLC Scenario and Potential Consequences Archie and Edith were married for 50 years. After Archie’s death, Edith sold their home in Queens, New York for a tidy profit. Archie also named his wife as the beneficiary of a large insurance policy he bought when he first started working at the loading … Continue reading Linda Kotis: Your Heirs May Find Your Single Member LLC Taxing

In Re Robert J. Spenlinhauer: IRS Allowed to File Late Estate Tax Claim Against Debtor

In In re Robert J. Spenlinhauer, Case No. 13-17191-JNF (US BR Dist. Mass, Sept. 8, 2017), The U.S. Bankruptcy Court for the District of Massachussetts held that the IRS is entitled to an extension to file a proof of claim against a debtor arising from unpaid estate tax obligations as the executor and a transferee … Continue reading In Re Robert J. Spenlinhauer: IRS Allowed to File Late Estate Tax Claim Against Debtor

Probate Funding and the Litigation Funding Debate by Jeremy Kidd

Jeremy Kidd, Mercer University - Walter F. George School of Law, has made available for download his article, "Probate Funding and the Litigation Funding Debate."   The Abstract is as follows: Third-party funding of legal claims is becoming more common, and has been quietly gaining a foothold in the probate arena. Probate funding, the transaction in which … Continue reading Probate Funding and the Litigation Funding Debate by Jeremy Kidd