Brian Lucareli, director of Foley Private Client Services (PCS) and co-chair of the Family Offices team, sits down with John Melko, partner in the Bankruptcy & Business Reorganization practice, for a 10-minute interview on protective trusts. During the session, Brian and John discuss key statutory exceptions to the Delaware Asset Protective Tru...
As certain states have increased the income and estate tax burden on ultra-high-net worth families, we have seen a renewed interest in planning opportunities that can increase the overall tax efficiency of the family’s plan. This webinar reviews the California Billionaire Tax proposal as well as recent, onerous state income and estate tax modificat...
This article explains how a Charitable Lead Trust (CLT) can be used to combine philanthropic giving with tax-efficient wealth transfer, making it highly relevant for Family Offices managing multi-generational capital. It is particularly valuable for principals, CIOs, and wealth planners seeking strategies to reduce gift and estate taxes while suppo...
This article examines upstream gifting (transferring assets from younger to older generations) as a nuanced estate and tax planning strategy with meaningful implications for Family Offices managing multi-generational wealth. It is particularly relevant for principals, CIOs, and wealth planners seeking to optimize tax outcomes (such as basis step-up...
Serving as a trustee is a serious responsibility, legally, operationally, and personally. This practical webinar breaks down the core fiduciary duties, distribution standards, recordkeeping expectations, and risk-management strategies trustees need to administer trusts confidently and reduce liability. What attendees learned: What trustees ...
This webinar covers highlights and key takeaways from the 60th Annual Heckerling Estate Planning Institute. Topics include new developments concerning GRATs and SLATs, new opportunities for QSBS after OBBBA, tax efficient ways to restructure trusts, and drafting better choice of law clauses. Jane Gorham Ditelberg, Chief Tax Strategist, Northern ...
Trust protectors are becoming an essential tool in modern trust planning. In this discussion, Brian Lucareli, Director of Foley & Lardner’s Private Client Services and Co-Chair of the Family Offices Team, interviews Jamil Daoud, partner in the Estate Planning Group, on how trust protectors—who are often experienced attorneys or CPAs—help preser...
This year brings unique opportunities and challenges following the passage of the One Big Beautiful Bill Act (OBBBA), which reshaped key provisions affecting estate planning, charitable giving, and income tax threshold. Signed into law in 2025, the OBBBA permanently extends key provisions of the Tax Cuts and Jobs Act of 2017 and introduces new meas...
Through a series of laws, the U.S. government is ensuring taxpayer's compliance with foreign trust tax and reporting rules. The obvious application of these laws is to a U.S. citizen attempting to transfer cash or income-producing assets to an offshore trust. When dealing with foreign trusts, however, these laws can apply in circumstances where uns...
With the passing of the One Big Beautiful Bill Act (the BBB), there are both risks and tax planning opportunities. In this 10-minute interview, Brian Lucareli, director of Foley Private Client Services and co-chair of the Family Offices group, sits down with Jason Kohout, partner and fellow co-chair, to discuss the BBB. During this session, Jason f...