Trusts and Estates
Learn which trust is best for which clients, the tax benefits of different estate planning strategies and how to transfer wealth responsibly, as well as estate planning techniques that benefit families with special needs
New Hire Roundup: U.S. Trust, Atlantic Trust Add Senior Wealth Managers
By Joyce HansonU.S. Trust and Atlantic Trust have added new hires to their ranks, bringing on senior managers from some of the most recognized names in wealth management.
March 17, 2011
LTCI, family and the estate plan strategyMost insureds, including those who can afford the premiums, don't like paying for LTCI because they might not use the coverage. One way to avoid that argument is to reposition the cost by having clients view the premiums as a gift to their children.
March 15, 2011
A Wealth Transfer Strategy to Consider NowMake the lifetime gift in before the end of 2012 and more money will go to your heirs.
March 11, 2011
Tax Planning Advice: Give Multiple Ways With a Charitable Lead Annuity—Benjamin LedyardClients can fulfill wishes to give to heirs as well as charities with a Charitable Lead Annuity Trust (CLAT).
March 11, 2011
BofA Won't Extend 'Garden Leave' to Merrill AdvisorsBank of America has informed its Merrill Lynch advisors that, unlike their counterparts at U.S. Trust, they will not be asked to sign an agreement and go on reduced-pay “garden leave” if they resign, a company spokesperson confirmed Friday. Plus, the Bank of America-U.S. Trust unit hires 6 advisors from...
March 08, 2011
Your Legacy: Will Your Heirs Pay for State or Local Debt?Does your estate plan include bigger municipal debt, at higher rates, for your children and grandchildren? If you vote for state bankruptcy, it might.
March 03, 2011
Tax Planning Advice: Grantor Trust Income—Martin ShenkmanA counterintuitive but valuable strategy: have the grantor pay tax on trust income.
March 02, 2011
Tax Planning Advice: 2010 Tax Law Gifting Strategies—Benjamin LedyardThe 2010 Tax Act offers a tantalizing opportunity for wealth transfer through gift strategies. But it may sunset in two years.