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In last night's State of the Union address, President Obama referenced his desire to close tax "loopholes" that are commonly used by wealthy individuals and families.

We are on the cusp of a revolution. While wealth managers have used computers to streamline complex analysis and to simplify customer service, the next wave of computational tools is already upon us.

Last November, Senate Finance Committee Chairman, Max Baucus, released the third package in a series of "Staff Discussion Drafts" proposing various changes to reform the Internal Revenue Code.

Do you know if you are likely to be subject to the alternative minimum tax (AMT) — and what actions can trigger it? If not, you need to find out so that you can consider taking steps to address potential AMT liability.

The California Franchise Tax Board has recently finalized new regulations regarding asset management services provided to persons domiciled in California by an asset manager, even if the asset manager has no presence in California.

Under a regulation recently finalized by the California Franchise Tax Board (FTB), fees received by asset managers may be subject to income tax in California based on the domicile of a fund's underlying investors...

The United States District Court for the Eastern District of Pennsylvania, applying Pennsylvania law, has held that a contract exclusion did not bar defense cost...

The Great Wealth Transfer: Strategies for Succession, Legacy and Wealth Generation

For people in the United States, the holiday season is often a time for making substantial gifts to family members and other loved ones.

In Zieve, Brodnax & Steele, LLP v. Dhindsa, the California Court of Appeal held a California statute that establishes the priority of payment of proceeds from a nonjudicial foreclosure sale does...

Dividends, the portion of earnings that a company or fund distributes to shareholders, may seem like a relatively small component of your overall portfolio.

An FLP provides a structure in which family members may own a piece of an investment.

It is estimated that $1.5 to $2 trillion is passed annually to younger generations. As the "Great Wealth Transfer" continues, family business owners face a distinct set of personal and sometimes conflicting wealth transfer considerations.

Donald Trump has been in the White House for more than a year.

In our Inaugural Wealth Management newsletter, we made predictions on issues we thought the Trump administration would tackle in the first 100 days.

The August § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.2%, the same as July.

July Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-family Loans and Split Interest Charitable Trusts (Rev. Rul. 2018-16)