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May 1, 2004
Articles
NEW LIABILITY FOR ADVISORS?
The U.S. Supreme Court recently agreed to consider the convictions of three U.S. citizens who were found guilty of U.S. wire fraud laws only because they'd...
TAX UPDATE
From David Handler of Kirkland & Ellis LLP in Chicago, we have this update: Determining intent when trust provisions conflict: In Estate of Whiting v....
CHARITABLE GIVING
From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have this update: The IRS says a transaction involving a...
LAWSUIT: YOU DON'T CARE ANYMORE
A new lawsuit against Bank of America should give trustees at all major institutions pause. The lead plaintiff, Ellen Jane Kutten, has many complaints...
WEBINAR IN JUNE
Trusts & Estates is pleased to announce an hour-long web-based conference starting 1:30 p.m. EST on June 16. Conrad Teitell, principal in Cummings & Lockwood,...
Correction
A caption on page 36 of the April issue should have identified the Faberg egg shown as th 1916 Order of St. George Egg. Senior Editor Wendy Davis contributed...
Effect of Post-Mortem Facts On Claims Against the Estate
Assume that a taxpayer is sued for $10 million in a breach of contract claim two weeks before his death. Four years later, the lawsuit is settled for...
Creative Insurance For Creative Tax Plans
These are difficult times for practitioners of creative tax strategies. During the past two years, Congress and the Internal Revenue Service have cracked...
Improving Asset Allocation Models
The Prudent Investor Rule compels trustees to consider diversifying assets. To help them, trustees use asset allocation models. Yet many of these models...
Mix it Up to Boost Returns
Most family foundations are established in perpetuity and are unable to raise new capital from outside contributions. To survive, they face a single overriding...
The Problems With PPLI
Usually, clients buy private placement life insurance more as an investment vehicle than because they actually want life insurance. But unfavorable rulings...
Swinging for a Homerun
Financed life insurance has become one of the most popular estate planning tools for high-net-worth families. Recently it also has made significant inroads...
Death-Pool Donations
Lipscomb University, a small religious school based in Nashville, Tenn., tells alumni on its website that they can arrange to give the school $50,000...
A Call for Comments
The National Conference of Commis-sioners on Uniform Laws is busy redrafting the model rules that control how charitable organizations manage their funds....
Irrevocable Trusts Can (Sometimes) Be Revoked
If you want to create a trust that is truly irrevocable and unamendable, be careful which jurisdiction you select. In most, if the terms of an irrevocable...
A True Counselor
Consider this scenario: You meet with two clients, husband Bill and wife Ann, and discover that Ann is upset because their oldest son, Tom, and his wife,...
Note from the Editor
Trusts & Estates is the town center where experts who serve the ultra-wealthy's planning needs gather to gain insight into their specialties and to learn about related professions. This community includes attorneys, fiduciaries, accountants, investment advisors, charitable giving specialists, family office executives, insurance agents and valuation experts.... More about us
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Tech Center
Don Kelley's Tech Review
Trusts & Estates magazine is pleased to present the monthly Technology Review by Donald H. Kelley -- a respected connoisseur of software and Internet resources wealth management advisors use to further their practices.
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