SEC Priorities For Asset Management Industry (Video)

With the year ending, individuals and married couples have a valuable opportunity to reduce their taxable estates through strategic gifting. Understanding the $19,000 annual gift tax exclusion per recipient, along with unlimited direct payments for medical and educational expenses, can help you maximize tax-efficient wealth transfers before December 31.

Families change. Dynasty trusts set up by one generation may stop fitting the family that inherits them. Over time, grandchildren and great-grandchildren can end up wanting very different things from the same pool of assets. In PLR 202641001, released October 9, 2026, the IRS approved a trustee’s plan to split a long-standing family trust into three equal trusts. It concluded that the division would not trigger generation-skipping transfer (GST), income, or gift tax consequences.

Florida has enacted significant statutory changes affecting trust administration, probate procedures, and business entity formation. These reforms introduce streamlined nonjudicial processes for trustee discharge, expand access to simplified probate administration, and establish a new framework for protected series LLCs that offers enhanced asset protection and operational flexibility for estate planners and business owners.

As the Silent Generation and Baby Boomers prepare to transfer an estimated $84-90 trillion in wealth over the next two decades, families face critical decisions about estate planning, tax strategies, and asset protection. This comprehensive analysis explores how changing tax laws, evolving family structures, and complex asset portfolios require thoughtful planning to preserve wealth across generations while avoiding unnecessary taxes, legal disputes, and family conflicts.

High-net-worth individuals and private equity investors increasingly explore offshore trusts as sophisticated wealth planning tools that may provide enhanced asset protection, investment management flexibility, and multigenerational wealth preservation. Understanding the strategic benefits, tax implications, and compliance requirements of these complex structures is essential for entrepreneurs, executives, and families seeking to protect significant holdings while maintaining appropriate control and meeting

An investment management firm founded and owned by legendary investor (and New York Mets owner) Steve Cohen on August 11 filed a petition in Tax Court contesting an IRS audit adjustment...

As the creator economy continues to expand, individuals who derive income from digital platforms face a critical estate planning question. For those who already have an estate plan, that plan may not adequately address the unique challenges of managing, valuing and transferring digital businesses, leaving these increasingly valuable assets vulnerable to confusion, lost revenue and family conflict.

Collective investment trusts offer retirement plan investors significant cost savings and expanded investment choice through institutional oversight, yet recent criticism has questioned their transparency...

As we look ahead to 2025, the landscape of debt financing and M&A activity is poised for significant transformation.

On 31 October 2025, the Financial Conduct Authority (FCA) published the outcome of a multi-firm review into consolidation across the financial advice and wealth management sector.

A sentencing hearing is scheduled before U.S. District Court Judge Loretta A. Preska on March 19, 2019.

On June 1, 2023, China's Ministry of Science and Technology (the "MOST") issued the long-awaited Implementing Rules on the Administrative Regulations on Human Genetic Resources...

On Thursday, October 9, 2025, the Senate passed its version of the 2026 National Defense Authorization Act (the "NDAA"), which includes the latest version of the BIOSECURE Act...

Yesterday saw another big addition to the U.S. UFLPA Entity List, the largest to date. The Department of Homeland Security, on behalf of the Forced Labor Enforcement Task Force...

Extradition from Japan is rare, and even more so for Japanese nationals in connection with white collar offenses. But on April 17, 2019,

What is the current outlook for North American infrastructure? Ropes & Gray attorneys explored this question at the Infrastructure Investor America Forum in New York on November 4–5, drawing...

The UK National Crime Agency (NCA) has successfully defended the first challenge to its new power to require individuals to explain how they have acquired assets which it suspects may represent the proceeds of crime.

In the United States Supreme Court’s historic decision announced today, the Patient Protection and Affordable Care Act ("ACA") has emerged substantially intact as the blueprint for national health reform in the coming years.