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
Principal Spectrum PREF ETF: Qualified Dividend Income Meets Investment-Grade Credit Quality
While most fixed-income strategies face declining yields as rates fall, the Principal Spectrum PREF ETF demonstrates how preferred securities with reset features can deliver rising income. Growing from $25 million to $1.2 billion, the strategy’s exclusive focus on institutional preferreds with floating or fixed-to-reset coupons has increased its average coupon from 4.9% to 5.5%. With 60% of holdings facing resets by 2027, this active strategy offers advisors a rare solution for potential income growth regardless of rate direction.
Gold Could Surge as High as $4,250 Next Year Amid Uncertainty Over Fed: JPMorgan
Gold (GC=F) prices, already at record levels, are likely headed higher as rate cut expectations grow and Fed independence comes into question.