Tax and Estate Planning

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Wealth Planning Outlook: Renewed Purpose
Northern Trust
Individuals, families, businesses, organizations will long be contending with the COVID-19 impacts of 2020. Against this backdrop, five key themes emerge in the wealth planning outlook for 2021:
Family Inheritance: Does Fair Mean Equal?
Ascent Private Capital Management of U.S. Bank
Many families who have significant assets to pass on later in life or at death may think that being “fair and equal” in the treatment of family beneficiaries is an easy process. However,
Keeping it in the Family: Planning for the Vacation Home
Greensfelder, Hemker & Gale, P.C.
Disagreements and discord can arise when it comes to your family vacation home, a unique asset that symbolizes important memories and family connections. For this reason, you should specifically
New Yorkers Can Look Forward to a Simplified Power of Attorney Form in 2021
Schiff Hardin
In December 2020, New York Governor Andrew Cuomo signed a bill representing the most significant change to the New York law governing Powers of Attorney (POA) in almost a decade. In an effort to
Real Estate Tech, Taxation, and Representation
RSM US
Real estate has always been a tax-advantaged investment class, especially in the U.S. where rules allow you to shelter income or cashflow through depreciable losses and other mechanisms. For the
Handle with Care: Planning for the Fragile Beneficiary
Greensfelder, Hemker & Gale
Today, estate planning can encompass more than addressing your potential tax exposure. It frequently requires protection of a “fragile beneficiary,” who can include family members with
A Malarkey-Free Analysis of the Impact of the Biden Tax Plan on Equity Investors
Parametric
The combined effect of Biden’s tax proposals could alter behavior of the tax-aware investor. In examining the major tax provisions proposed under a Biden administration, the impact on equity
2020 Year-End Year-Round Tax Planning Guide
BPM
Year-end tax planning is always challenging, but the coronavirus pandemic has added a whole new layer of complexity to the equation for individuals, families, and businesses across the nation. The
Three Ways to Maximize Tax Benefits Through Charitable Giving
Parametric
The process of finding a charity and donating money seems simple. However, just like portfolio asset allocation, slightly different approaches can yield dramatically different results in your
How Family Offices Are Coping in a Dramatic 2020
Parametric
A combination of health, economic, and financial challenges has created a higher level of uncertainty than ever before—worse even than the 2008 global downturn. However, COVID-19 has created a