Poor planning means government will take half of Prince’s estate
Prince’s estate has until Saturday to file an estate tax payment for the late rock superstar, and the taxes are expected to ultimately swallow nearly half the estate’s estimated $200 million value, meaning a likely windfall of roughly $100 million for the...Income Sprinkling to Minimize Tax Liability
Income sprinkling is often a good strategy to avoid such high tax rates. In such a scenario, the income accumulated in a trust is distributed before December 31st of the year, and it is counted as income for the beneficiary. Unless the beneficiary is also in...Some Firms Apparently Not Yet Planning for Possibility of Repeal
While it is true that there is uncertainty in tax planning now (there always is) and there is a distinct possibility that the estate tax will be repealed and we should of course urge our clients to update after such a major change, it is not true that we cannot...Planning For Protection and Control
The government isn’t the only entity from which clients may wish to shield their assets. Perhaps your client owes money all over town, but would still like to leave something for his kids, or maybe he doesn’t trust his daughter’s husband and wants to ensure...New Regs re Dead But Not Forgotten IRC 1022
Think I’m noticing a trend here. A few months ago, IRS finally came out in support of using Clayton election for portability planning, after years of silence led to suspicion otherwise, and now years after repeal of 1022, the IRS decides to issue regs...Nice website, fancy suit, SEX? Impressing the Millennial Legal Consumer
Avvo takes a strikingly binary view of a problem that is a lot more complicated than they let on: how to attract millennials as clients. People say I have a nice website, I’ve been ranked by Justia as the No. 6 lawyer in the US in terms of twitter...Five Ominous Signs for the Securities Industry
Enjoy the run, because it may not last. This past year provided evidence that there’s a growing grassroots revolt brewing among the individual investors who have been so crucial to the securities industry for decades. This awakening is likely irreversible...Trumpian Carryover Basis Regime to Heat Up Life Insurance?
“Estate freeze” is a term that’s so commonly tossed around in the estate planning community that it’s actually become fairly useless shorthand, as it can be used to describe such a wide variety of techniques. However, as discussed by Jeffrey N. Pennell in his...Italy: New Beneficial Tax Regime for New Residents
Please share this info with all of your Democrat friends who promised to leave the US if Trump was elected. Seriously — how often does the Italian government change hands? Too often. Eligible taxpayers—that is, individuals who haven’t qualified as Italian tax...Guided by Voices: Planning via Voice-Activated Apps
These must be the same Satanic voices that give us LegalZoom and self-driving road hazards. I dissent. Are there any humans left? Enough with these charlatans and their dangerous, destructive boondoggles. In the future, I can see this evolving into a more...Time Lapse Photo of March for Life
Mad Dog Mattis Sworn in as SecDef
My favorite Mad Dog Mattis quotes: “Be polite, be professional, but have a plan to kill everybody you meet.” “The most important six inches on the battlefield is between your ears.” “No war is over until the enemy says it’s over. We may think it over, we may declare...NRA Board Election Recommendations for Voting Members
[bctt tweet=”Attn NRA Voting Members, Elect #2A #NRA Board: Willes Lee, Lance Olson, Eric Wright, Rod Unkovic” username=”guntrust”] Attention: NRA Voting Members Celebrities do not need your vote. We need NRA Board members who will...Armed American Ex-Felon Shoots Illegal Meth-Addicted Ex-Mex Federale to Save AZ Trooper
This article is marked Priority. Click the BELL ICON at the lower left of your screen to manage priority alerts (Chrome and Firefox only). More details are out on a recent story involving an armed Good Samaritan who saved a cop’s life. In my previous post, while...The Great Misconception about Active (and Tactical) Management
Tactical management was created to meet the typical investor’s needs and expectations. While still considered active, tactical management is quite different. Tactical management seeks growth during “normal” times but is engineered to avoid the majority of the...Retirement in the Gig Economy
Pew’s research, based on U.S. Census Bureau survey data, found that 56 percent of part-time workers in lower-hour industries do not have access to a 401(k) or other retirement plan, compared with just 29 percent of full-time workers in higher-hour industries....Nine Common Privacy Planning Issues
Planning for privacy is best started by placing an attorney (along with the attendant attorney-client privilege) at the head of your planning team. Ensure that discussions and financial transactions are as secure and confidential as possible. Source: Nine...Pope axes Knights chief in condoms row
Conservatives say any use of condoms violates Church teaching that considers all forms of contraception to be an unacceptable barrier to life. Francis and his predecessor Benedict XVI have both adopted a more flexible stance, signalling that the use of condoms...The Divorce Penalty: This 401(k) Fee Can Add Insult to Injury
(Bloomberg) –A profit center. A silent fee. One more kick in the pants.Those are a few of the ways divorce lawyers describe the fee that many 401(k) plan participants have to pay when they need to divide a retirement account in a divorce. As more wealth...IRS Provides Further Retroactive Guidance for Same-Sex Spouses
Obama’s last grasp. These Alice in Wonderland SCOTUS decisions are a threat to free society and will not stand, and my colleagues should be warning their clients of this likelihood. Meanwhile, the other branches of government are free to ignore them. On...The Controversial Tax Benefit for Cabinet Members
WaPo trying to make controversy over mere tax deferral: Section 1043 sales are similar to like-kind exchanges, a concept familiar to real estate investors, and is even reported on the same tax form, Form 8824. Eventually, the employee will pay tax when the...Planning for the Brady Bunch: Joint RLT Pour-over Strategies
Given some of the concerns of blended and complex families mentioned above, what route can meet Jim and Carol’s needs? The joint RLT pour-over is one good option for such a situation. The strategy contains three separate trust agreements: a joint RLT for Jim...An Estate Planner’s 11 Tips for the New Year
It’s time for us to heed our own advice.New Year’s resolutions are easier said than done right? Much like taking your own advice. So, I decided to sit down and write about the same advice I’ve given to my clients over the years that I could use myself. Here are...China Slams Western Democracy as Flawed – Bloomberg
Lemmingpreneurs who rushed into China better have an exit plan: http://ExitLegal.com Xi during his term has called for strengthened confidence in China’s communist system. Most recently, China’s top judge called on his cohorts to “absolutely not fall into the...Life After the Death Tax
Most agreed the new Republican regime in Washington may get rid of the long-loathed estate tax (this year levied at a top rate of 40 percent on assets above the exemption of just under $11 million for a married couple). Yet, it will almost certainly be replaced...Seven Philanthropy Trends To Expect
As with most of these wealthmanagement.com articles, watch out for the liberal slant. For example, in highlighting increased funding for “constitutional rights” there is mention of “privacy” and “separation of church and...Trump tells business leaders he wants to cut regulations by 75 percent or ‘maybe more’
Trump meets with CEOs and pledges to cut taxes ‘massively’ 11 Hours Ago | 03:13President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or “maybe more.” Source: Trump tells business leaders he...Trump signs order defunding International Planned Parenthood, foreign abortions
WASHINGTON, D.C., January 23, 2017 (LifeSiteNews) – In his very first pro-life action, President Donald Trump signed an executive order today reinstating the “Mexico City Policy” banning government funding of foreign pro-abortion groups like the International...Women March Against Muslim Registry? #Repeal19A
Steinem touched base on violence against females, abortion rights, the danger of a Muslim registry and provided a message from the Women’s March in Berlin: ‘We in Berlin know that walls don’t work.’ Source: Secret Service to investigate Madonna...MLK’s niece: I voted for Trump
I pray that all polar opposites learn to Agape Love, live and work together as brothers and sisters—or perish as fools. While I voted for Mr. Trump, my confidence remains in God, for life, liberty and the pursuit of happiness. Prayers for President-elect Trump,...Lessons Learned From U.S. Tax Fraud Case
The court also found that Dee Wyly, the widow of Charles Wyly (who was Samuel Wyly’s brother and business partner), hadn’t committed tax fraud, even though she was a joint signer on Charles’ returns. However, she must pay taxes, penalties and interest for a...Repeal and Uncertainty Impacts Estate Administration
Good advice in this article, but much of the uncertainty can be removed with thorough, comprehensive planning with an eye toward flexibility. For example, in our planning (http://Protect.LIFE), we offer not only the current flexibility of the Clayton election,...ETFs For Higher Rates And Inflation
The new president has an ambitious plan to spend money and cut taxes. Here are a few exchange-traded funds that can provide some ballast for a likely rise in both interest rates and inflation. Source: ETFs For Higher Rates And InflationDon’t Worry Bond Investors, Baby Boomers Have Got Your Back
“If you believe in follow the money, you need to follow the baby boomers,” Nerbrand said in a phone interview. “Bond yields may not revert back to their historical averages even if inflation were to rise because the structural story is still there.” Source:...A Different Kind of Retirement
Not too late to avoid this, folks: From a sensorial point of view, it’s impossible to tell the difference between the ‘real thing’ and the virtual experience. The program is purely voluntary and benefits from large economies of scale, so it is affordable to...Top 10 Expectations for Nonprofits, Charities and Donors
Some good advice here, but the apparent SJW author who included a plug for Planned Parenthood would do well to follow his own advice and consider millennials, who now are moving away from abortion. Transparency and technology are at the forefront. Source: Top...Hush! Jerry Brown Wants to Hike Gas, Vehicle Fees to Bail Out CalPERS
Heh, heh. Let them do it. Bill Clinton famously blamed gun control for losing Congress. Californians are as protective about their cars as Southerners are about their guns. Democrat governors have been regularly spiking gas taxes and vehicle registration fees for...National Reciprocity Allows CA Residents to Escape State’s Concealed Carry Stranglehold
Under Rep. Richard Hudson’s (R-NC-8) national reciprocity legislation, a person with a resident or non-resident carry permit from one state would be allowed to carry in every state. Source: National Reciprocity Allows CA Residents to Escape State’s...Congressional Second Amendment Caucus Formed
The following congressmen are founding members of the caucus: Jeff Duncan (R-SC), Ted Yoho (R-FL), Brian Babin (R-TX), Paul Gosar (R-AZ), Mark Meadows (R-NC), Ken Buck (R-CO), Alex Mooney (R-WV), Justin Amash (R-MI), Jody Hice (R-GA), Dave Brat (R-VA), Warren Davidson...U.S. Rep Massie Proposes Repeal of Federal Gun-Free School Zones Act
WASHINGTON, D.C. – On Monday, U.S. Representative Thomas Massie (R-KY) introduced H.R. 34, the Safe Students Act, which would repeal the Gun-Free School Zones Act of 1990. The bill, originally introduced by Rep. Ron Paul (R-TX) in 2007, repeals the Gun-Free...TRUMP WARNED OF JOKER IN PACK OF SUPREME COURT OPTIONS
Trump warned of joker in pack of Supreme Court options The U.S. Supreme Court President-elect Donald Trump has released a list of possible nominees to the U.S. Supreme Court, and with his inauguration just days away, his first nomination to replace the late...WATCH: Two twins, separated at birth, meet each other first time LIVE
Five Strategies to Chasing UHNW Unicorns
There are many types of advisors, but only lawyers are subject to state bar ethics rules and able to provide attorney-client privilege for confidentiality. Most importantly, planning is not all about money, and we know that. Go to http://Protect.LIFE and let an...Trump’s Legacy of Winning
[bctt tweet=”.@realdonaldtrump: You’ll say Mr. Pres we win #2A much, can’t take it & I’ll say #MAGA” username=”guntrust”] Trump’s legacy of winning is motivational for any individual, family, business or country....Business Coach Appalled by Her Advisors
What I especially didn’t like was something I heard from a colleague who had some of her own personal money with the advisor. She said he told her some gossip about another person in the firm, an employee whose 401(k) he was handling—something about the person’s...Obergefell and Judicial Supremacy: It’s Not Over | National Review
This content is for members onlyMan in the Netherlands euthanised due to his alcohol addiction
Mark Langedijk chose the day of his death and was telling jokes, drinking beer and eating ham sandwiches with his family hours before he passed away.He was killed by lethal injection at his parents’ home on 14 July, according to an account of the ordeal written...Should You Carry With a Round in the Chamber? – YouTube
Best way to understand the need is to take training that involves skills tests under time pressure, like at Front Sight.Teacher Shames 9-Year-Old for Shirt Commemorating First Deer Kill
A teacher at Hinkley Elementary School has come under fire after being accused of shaming a 9-year-old student for wearing a sweatshirt that commemorated her first deer kill. Source: Ohio Teacher Shamed 9-Year-Old for Shirt Commemorating First Deer Kill –...
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