Billionaire Steve Jobs Died Tax-Free, Experts Say
Trust experts weigh in on the details of Jobs’ trust and estate plan.
Billionaire’s Heirs First to Win 2010 Estate Tax Jackpot
Washington lawmakers' estate tax hiatus has now potentially cost the IRS billions in lost tax collections. Experts say death of Texas billionaire Dan Duncan makes retroactive reinstatement of the death tax less likely because the stakes are now a lot higher.
When a Bank Fails, Are Trust Assets at Risk?
With bank failures running at their highest level in nearly two decades, those holding fiduciary accounts may cause problems for advisors who recommend them should the bank fail.
Experts recommend wealth managers conduct due diligence before sending a client to a bank’s trust dept.
With 700 banks still on the FDIC’s secret “problem list” and banks getting shut down on almost a weekly basis, the financial sector is still in its worst shape since the early 1990s.
America's Most Wealth Friendly States Continue to Bid for Your Clients' Trust Business
State legislatures are still enacting trust law enhancements to provide greater protection for your client’s wealth.
As more wealthy families cross borders to protect assets, they choose to set up personal trusts in states other than their own to take advantage of favorable trust laws.
According to recent data, 72 percent of U.S. households with more than $1 million in investment assets use trusts as a key component to their estate planning.
The main reasons to cross borders are:
Millennials Eager To Retire Early
The poll found that millennials are the most likely generation to be inspired to retire early due to COVID, with 15% saying they were moving up their retirement timeline.