Court Orders Administrator To Elect Portability
The first is the preemption argument. The administrator argued that the discretion granted to him to elect portability under the terms of 26 U.S.C.A. 2010 trumped Oklahoma law concerning the fiduciary obligations owed by estate administrators to potential...Should You Create Trusts for Your Kids?
Even if you expect your children to be over age eighteen by the time you and your spouse die, you may want to consider keeping assets in a trust for your children to “protect them from themselves” until they reach a certain age when you think they will be...Tax Reform Bill On the Front Burner
In short, the ground has been laid for quick action in the House of Representatives the moment the health care debate concludes. Source: Tax Reform Bill On the Front BurnerCharitable Divorce Planning?
Charitable planning coordinated with dissolution planning merits serious examination. The work involved is well worth the effort to assure divorcing parties have maximized the use of all marital assets in a tax-efficient manner. The four techniques are...Front Sight Training Video No. 3
Get free training here.Human trials of age-reversing pill to start in six months
Taxes, schmaxes — pendulum keeps swinging. But THIS could kill demand for estate planning overnight, at least among mice: The cells of the old mice were indistinguishable from the young mice after just one week of treatment,’ said lead author...Tax Law Update: April 2017
The loss of income tax revenue would be the product of income tax saving strategies that would become viable in the wake of gift tax elimination. For example, without a gift tax, the use of a “straw taxpayer” would likely become a prevalent income tax planning...Avoid Taxable Gifts in 2017
Even though in our current environment, paying gift taxes could save estate taxes, and is therefore a rational strategy, our clients won’t view it this way if, this year or next, the estate tax is repealed. And this is so, even if the estate tax is repealed...Can an Intended (and Disappointed) Beneficiary Still Sue a Will’s Drafter? Fix to the Thorsen Decision
Thorsen was a serious wake-up call to estate planners in Virginia and beyond. It also further opened the door for intended (and disappointed) will beneficiaries to sue the will-drafting lawyer. As we thought may happen, the General Assembly of Virginia took...Who’ll Reap The Millions From Chuck Berry’s Final Album?
In Missouri, wife Themetta can claim at least half of the cash and a half stake in the intellectual property. Odds are she’ll get a lot more if there was a will, since she was married to him a full 68 years and he was with her until the end.By the way, the...7 Advisor Lessons from the “Mad Men” Heinz Ad Buy
When you own the category, you don’t need to even acknowledge that potential customers even have other options. Heinz wins when they make you forget anyone else sells red tomato relish. Source: Exclusive: 7 Advisor Lessons from the “Mad Men” Heinz Ad Buy | The...Will GOP Tax Plan Hurt 401(k) Savers?
Republican talking points around tax reform centers on the need to lower them, yet there isn’t consensus between the Trump administration and Congress on what that looks like. Trump wants tax cuts without regard to the impact on the deficit; Paul Ryan, speaker...How to Spot Switzerland’s Truly Rich: An Insider’s Guide – Bloomberg
A license plate part of a family’s heritage?? Looks like it’s all up to us to carry on the firearm legacy. Switzerland is toast. “After the two license plates LU 100 were stolen from my son’s car — despite being more securely bolted-on than...HSAs over 401(k)s for Retirement Readiness?
Additionally, under the Republican plan, unused health insurance credits can be contributed to an HSA. The idea that we could have “tax credits that can be deposited into a tax-advantaged account has never happened before in American tax history,” said Kevin...Think Like a Green Beret: Problem Solving
Green Berets rely on their problem solving abilities to survive in combat. Much of SF selection seeks to assess this talent and the Special Forces qualification course develops and improves creativity. Many times, military problems must be solved with the...3 Personal Asset Protection Tools for Physicians | MD Magazine
In self-defense, if you train to draw your gun with an explosive Count 1, you will have more time and more options during counts 2 through 5. It’s the same with asset protection. Take the initial steps now so you have more options later. And there are...How Do Your Clients Really Feel About Money?
What is the source of your money? How was it earned? How was it accumulated? What is your relationship to the person who earned the money? How would you characterize the nature of that relationship? (Close or distant? Loving or cold?) What messages about...92-year-old takes wild ride into Huntington Beach lake
What is the likelihood of someone driving into a lake in Southern California? What is the likelihood of your elderly spouse being in a car accident, hurting or killing someone or a whole family or bus full of kids, and losing everything you left her? If you die...Are Collapsing Pensions “About To Bring Hell To America”?
Along with the student loan debt bubble and other major financial factors, the looming pensions crisis is bound to be the death of us all.Because it’s based on a future promise to pay, it has long been a benefit dangled to solve strikes and union disputes –...VIDEO: Unarmed Mormon missionary fights off Brazilian robbers, disarming one, pummeling the other
After watching the video, I’d say the robbers are LUCKY: CCTV footage has been released showing two would-be robbers in Brazil picking on two Mormon missionaries from the US.Source: Unarmed Mormon missionary fights off Brazilian...How to protect your family-owned business from your child’s spouse
There are many ways to prevent a child’s spouse from becoming a “creditor” of a family-owned business. Below are three common ways to protect the family-owned business: Source: How to protect your family-owned business from your child’s spouse | Thompson Coburn...Is online college about to skyrocket?
Higher education is in a bubble, and bubbles burst. Will it be as bad as the housing meltdown and financial collapse 2008-09? That’s hard to say. Mega-banks aren’t bundling and selling worthless college degrees; those losses are left to fall on individual...When Queen Elizabeth II dies, what will happen? Secret 10-day plan revealed
Do you have a plan ready for the day you are deposed? Don’t be caught with your bridges down. When the time does come, Sir Christopher Geidt, the Queen’s private secretary, will be the first official to convey the news. Geidt will call the prime minister...Eight Things Clients Need to Know About Athletic Scholarships
Just 2 percent of high school athletes snag sports scholarships at NCAA schools. Here’s how to guide parents convinced their child will get one. Source: Eight Things Clients Need to Know About Athletic ScholarshipsFiduciary Access To Digital Assets
The Uniform Fiduciary Access to Digital Assets Act, enacted by several states, provides that fiduciaries may manage web domains and virtual currency, but unless the user has explicitly consented to the fiduciary’s access to E-mail, text messages, and social...Sources: Sean Hannity once pulled a gun on Juan Williams
[UPDATE: Yes, some of my fellow conservatives are low-information voters apparently, and blame me for spreading “fake news” — well, those of us who are involved seriously with firearm training and are capable of analyzing BS recognize there...President Trump Grades Out Well in the Eyes of Financial Advisors – TheStreet
President Trump has been in the office for a little over a month, and love him or hate him, financial industry specialists seem fairly bullish on his performance from an economic point of view. That’s the takeaway from a single question posted to a...Immigrants Canceling Their Food Stamps over Fears of Being Deported
This supports the idea that illegals are the reason tax filings have plummeted this year. Food banks and hunger advocates around the country from Tuscon to Baltimore have noticed a decline in the number of eligible immigrants applying for food stamps and a rise...Re-examining Your Client’s Trust-Owned Life Insurance Policy
Unfortunately, many wealth management professionals fail to view the underlying asset inside the trust—the life insurance policy itself—the same way they would consider other assets (e.g., stocks, bonds and real estate) and rarely re-examine the life insurance...Risk and Philanthropy Go Hand-in-Hand
Risk is the likelihood of an undesirable outcome. Every action includes an element of risk.Philanthropy is no exception to this rule. In fact, charitable donations—because they seek to solve seemingly intractable problems—are often referred to as society’s...VIDEO: Hero guard fatally shoots armed bank robber
Click play button to watch the video: My two cents is it was a good shoot, all around. The “buttocks shot” occurred almost exactly when the doors were opened to exit. Until then, it would not have been clear BG was withdrawing. But this does...First Trump budget slashes spending, shifts to “big stick” strategy
President Trump’s first budget called Thursday for a dramatic shift from the “soft power” diplomacy of the Obama era to a “hard power” military buildup, cutting the State Department by 28 percent in a slashing of foreign aid, boosting Pentagon spending by 10 percent...Six Ways To Improve Family Business Governance
Here are some ways that an advisor could help a family business instill better governance practices: Provide guidance. Each new corporation or LLC document should be accompanied by guidance on governance activities that are required and recommended. In the...Rob Pincus Discussing Concealed Carry in Europe – 3/13/17 – YouTube
I heard about Czech Republic, but I didn’t realize Italy was permissive on concealed carry (relative to other EU countries). Good news. Time to visit Italy again.Boys named Sue
Source: Boys named SueWhy sports industry sides with transgenders
It’s time for sports fans to realize that the NFL couldn’t care less about their traditional values and customs, but have rather embraced, along with so many of its reporters, economic- and media-based biases that are thoroughly anti-traditional and...Why professors object to being recorded
Thus, in the “social sciences” – disciplines outside the natural sciences and math – a large number of college teachers inject their politics into their classrooms. And if they are recorded, the general public will become aware of just how politicized their...How John Quincy Adams felt about Muslims
John Quincy Adams described Muslim behavior in “Essay on Turks” (The American Annual Register for 1827-28-29): “Such is the spirit, which governs the hearts of men, to whom treachery and violence are taught as principles of religion.”This is similar to Winston...Chaos on campus heralds ‘tribal warfare’ in America
“This is not a stable social model that’s being created on college campuses, pitting tribes against tribes and basically saying we’re going to have a big multicultural, pluralistic country that pits one tribe against another,” he said.“That’s never worked in...A nation of immigrants — only if they assimilate
“Why is there is so little crime in Japan?” I asked.Without taking a moment to reflect, she responded, “Because we don’t allow immigration.” Source: A nation of immigrants — only if they assimilateBlack is a color, not a race
The word minority is insulting and stigmatizing. I am an American. There are 330-plus million Americans. How can I be a minority if I am an American? Why would I want to be portrayed as something less than the whole of America? Source: Black is a color, not a...The latest in public education: Mom shaming
So, moms, push back. Teachers, do your job; let parents do theirs. Work together and we can eliminate the mom shaming … maybe even slut shaming, too. Empowered moms, after all, are the best and first teacher of young women.Source: The latest in public...Farah: My speech to the Democratic National Committee
Me: “Ladies and gentlemen …” Source: My speech to the Democratic National CommitteeHow 1 of history’s most brilliant men viewed God
Albert Einstein stated: “The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing.” Source: How 1 of history’s most brilliant men viewed GodProtecting your assets from your spouse on Remarriage
Good discussion in this article, though written for Michigan. To learn more about blended family planning in California (and Thor/Bambi remarriage planning), take my free online course or attend the free seminar at my office focusing on this subject. Well,...The Game Plan to Successful Wealth Transfers
One common misconception is that sheltering the younger generation from knowing about the magnitude of the family wealth is in their best interest. Contrary to such opinion, the survey found that it’s important to teach children and grandchildren the family’s...How to Explain the Value of a Trust Protector to Your Clients
As an attorney, you understand the value of a trust protector for an irrevocable trust. While “set in stone,” the trust still needs someone to watch over it and ensure it can adapt to changes in the law and/or resolve differences between trustees and...Man killed because carjacker mad over manual transmission
Now, this is what i call road rage. It’s up to you whether you want to cooperate with an armed hijacker. If you have a manual transmission, you might want to think twice about that. HOUSTON (KTRK) — A father was shot and killed in front of his wife...NRA-ILA | California: First Anti-Gun Bill Scheduled for a Hearing Tomorrow, Tuesday, March 14
Tomorrow, Tuesday, March 14, Assembly Bill 424 will be heard in the Assembly Public Safety Committee at 9 a.m. in room 126 of the State Capitol building. Please use our TAKE ACTION button below to contact the members of the Assembly Public Safety Committee and...
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