When deducting bad debts, conduct and timing matters. George Saadian and his mother loaned $200,000 to a distantly related businessman …
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Winding Up A Qualified Personal Resident Trust
The Qualified Personal Residence Trust, or QPRT, became popular a couple of decades ago as a way to save gift …
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The Romney Trust: A Masterpiece
As a financial adviser, I look at a well-executed financial plan in the way an art lover looks at a painting. Mitt and Ann Romney’s 1995 Family Trust, with its reported $100 million, is my financial planning Mona Lisa.
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Estate Planning In An Uncertain Environment
A few years ago, I was working with a client, a retired executive, to update his estate plan. Like most …
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Tax Changes In 2012
As you complete your 2011 tax return checklist, you may not have considered the last step: thinking about your 2012 …
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Duly Noted
Attorney’s failure does not excuse estate’s penalty. News flash: Trusting your lawyer’s soothing words can cost a lot of money. …
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Rising Professionals Need Financial Help Too
Life comes at you fast. The decisions you make between ages 25 and 35 will perhaps have the most significant impact on your success later in life – especially financially.
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Yours, Mine And Ours: How Spouses Share and Transfer Property
Most couples tend to overlook important consequences and planning opportunities when deciding how to take or maintain title to property.
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The Making Of A Good Manager
Nineteen years ago, I returned from my family’s winter holiday, unlocked a small, empty, rented office, and started my own …
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Beware Mutual Funds Using Hedge Fund Strategies
With hundreds of mutual funds that use hedge fund strategies being rushed to market, there are bound to be some …
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