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
August 9, 2016
More Articles
Vanguard Has Been Embedding "Nudges" Into Its Client Experience
In recent years,Vanguard has been embedding subtle behavioral finance interventions—what executives call “nudges”—into its client experience.
Facet Adds Tax Preparation And Filing For Clients
Facet entered the spotlight in 2016 when it announced its plan to challenge the traditional wealth management fee model.