Tax and Estate Planning

Filters

Qualified Opportunity Zone Funds: A Private Investment With Tax Benefits
BMO Family Office
There has been much discussion regarding the Qualified Opportunity Zone program established via the Tax Cuts and Jobs Act in 2017 because of potential tax advantages. This program aims to incent long
Latest Guidance from IRS on Opportunity Zones
BDO
The IRS released its second set of proposed regulations under Internal Revenue Code, Section 1400Z-2, Special rules for capital gains invested in opportunity zones. While some questions remain
Is a Domestic Asset Protection Trust Right for You?
James J. Steffel, Warner Norcross & Judd
A Domestic Asset Protection Trust (DAPT) provides an opportunity to protect your assets from the claims of third-party creditors, which makes it a powerful tool to enhance your estate plan. Because
Tax Transformation Guide
BDO
The role of the tax function is changing. Digitization is shrinking the globe and making everything more connected. Tax regulation and legislative changes are requiring companies to have processes
Is the Traditional Bypass Trust Outdated?
Justin Vossen, Lutz
Many early-retirement Boomers feel comfortable that their estate plan is in order, having put their estate plan in place when they had younger children. With adult children, and the increase in the
Who Gets Your Life Insurance Money After You Die?
Jennifer L. Remondino, Warner Norcross & Judd
One of the most important, yet most forgotten, parts of estate planning is keeping track of who will benefit from those assets which are not governed by your will. Providing for your family includes
Tax Outlook Survey
BDO
While federal tax reform has been the dominant issue on the minds of tax executives for the last year, it’s clear that tax reform is just one manifestation of the changes happening across the
Strategies for Managing Concentrated Equity Positions
Julia C. Wirts, Hawthorn, PNC Family Wealth
A family or individual can develop a concentrated position of wealth in a number of ways, and each has its own personal circumstances and perspectives. While some families may focus on the growth
Utilizing QOZs to Enhance the Transfer of Wealth
Cresset
An increasingly popular way to reduce taxes generally is to invest in Qualified Opportunity Zones (QOZs), but little is discussed about how QOZs can be utilized to shift appreciation of wealth over
Updating Your Estate Plan—It’s More Than Just Document Preparation
Vorys, Sater, Seymour and Pease LLP
There may be outstanding tasks that require your attention when it comes to updating your estate plan. It’s more than just document preparation. It’s also about updating and distributing