Veris Wealth Partners was founded in 2007 when five financial services executives came together to create a registered investment advisor with the mission of using capital markets to drive change. The founders developed an investment culture and philosophy around “an equitable, fair and sustainable world through capital markets,” said Roraj Pradhananga, recently appointed co-CIO of…

Open, honest, and candid discussion about the DOL rule, Pontera's new retirement plan leadership, veteran employee revitalization, and more. Source link

In the book Dune, Leto advises a young Paul: “Knowing where the trap is—that's the first step to avoiding it.” Serving as a trustee is a great honor and a great responsibility. Often, trustees are family members or close friends of the individual creating the trust and they want to help those they care for….

In Chief Counsel Advice 202352018 (Dec. 29, 2023) (CCA), the Internal Revenue Service concluded that the beneficiaries of an intentionally impaired grantor trust (IDGT) made a taxable gift for federal gift tax purposes when they agreed to a modification of the trust authorizing the trustee to reimburse the grantor for income taxes payable by the…

“What if I sold my business to a purpose trust?” Advisors are hearing this question from their business owner clients more often these days. The initial buzz among the business owner community began when Yvon Chouinard transferred ownership of Patagonia to a trust for purposes in 2022.1 However, business owners and their advisors are beginning…

Hello and welcome to this week's edition of 401k Real Talk. This is WealthManagement.com's Fred Barstein Omnichannel RPA Contributing Editor & CEO at TRAU, TPSU & 401kTV – I Review everything from the past week's stories and pick out the most relevant and interesting ones, providing an open and honest discussion that you wouldn't get…

Danaya C. Wright, professor of law, University of Florida Law in Gainesville, Fla. Source link

As the overwhelming number of overdoses and deaths from opioids continues to rise, so does the threat to family finances and retirement dreams. Cheryl Canzanella knows this all too well. In August 2017, she lost her husband to an accidental overdose, exposing her to the dire realities of the opioid crisis. Since his death, she…

Roger Colinvaux, professor, Catholic University of America Columbus School of Law in Washington, DC Source link

In “The New Undue Influence,” Professors Horton and Weisbord examine the common law and statutory approaches to undue influence as a means of invalidating inheritance, and whether these approaches adequately meet the public policy reasons behind them. The article treats the common law approach to undue influence as the “problem child of inheritance law”.1 which…