Commentary on The New York Times article by Patricia Cohen Steven J. Oshins, a Nevada lawyer who specializes in estate planning, has never met the wealthy software entrepreneur Dan Kloiber, but he is nonetheless intensely interested in Mr. Kloiber's contentious divorce.
"I have had a Google news alert on that for a couple years," Mr. Oshins said as he discussed the case from his office in a squat pink complex about a 20-minute drive from the Las Vegas Strip. What animates Mr. Oshins is not the juicy marital feud, but the legal arcana governing a trust in Delaware where the Kloiber family parked assets worth hundreds of million of dollars, sheltered from estate taxes. Mr. Oshins, with a gleeful grin spreading across his face, relished the thought of the no-longer-beloved Mrs. Kloiber busting through the trust and exposing a potential chink in the formidable trust protection armor promised by Delaware — which just happens to fiercely compete with Nevada for the lucrative business of shielding assets owned by the superrich. Read more from the New York Times: http://www.nytimes.com/2016/08/09/business/states-vie-to-protect-the-wealth-of-the-1-percent.html
More Articles
How Amplify Platform Aims to Give Advisors Their Business—and Their Sundays—Back
Most TAMPs promise efficiency. Amplify Platform is after something bigger. Built on an AI-native data lake from day one, the platform seeks to eliminate the operational drag that keeps advisors stuck reconciling spreadsheets instead of serving clients. From frictionless digital onboarding to a proprietary risk engine that simulates millions of fat-tail outcomes in under a second, Amplify is making a case that the infrastructure underneath an advisory firm matters more than most realize.
Scale Without Sacrifice: Envestnet on Protecting the Advisor-Client Relationship Through Growth
The RIA channel’s growth is easy to attribute to technology. Vibhaw Arya, Head of Strategic Relationships, RIAs, at Envestnet, attributes the appeal to something else entirely. In a wide-ranging conversation, Arya lays out a philosophy centered on the advisor-client relationship—and explains how integrated infrastructure, AI-powered personalization, UMA architecture, and a genuine partnership model all exist to serve that partnership. The tools change. The priority doesn’t.