Advisors play a dual role as mechanics, bringing technical expertise to complex financial issues, and as guides, helping clients navigate change with emotional intelligence and decision-making skills. Learn how generative AI and other technologies provide a tailwind, enabling advisors to amplify their influence, build on their strengths, and deliver even greater value to clients. Source…

In Private Letter Ruling 202432012 (August 9, 2024), the Internal Revenue Service determined that the proposed judicial modifications of the distribution and custody provisions of the tax-exempt trust (GST) were acceptable under Treasury Regulations Section 26.2601-1 (b )(4)(i) and will not be subject to trust GST tax. Changes are required in court Related: Dilemmas faced…

Over the years, the US Tax Court has clarified the gift tax consequences of terminating qualified property with a finite interest (QTIP). Two new cases in 2024, Estate of Sally J. Anenberg v. Commissioner AND McDougall v. Comm'rhave helped to confirm our understanding of these often complex transactions. Background on QTIP Trusts Related: Commutation of…

Open, honest and candid discussion about Gallager's acquisition of Assured Partners, Vanguard's new wealth unit, the return to office productivity and more. Source link

WealthManagement.com's Investments Executive Editor David Bodamer talks to Robert Collins, co-head of private wealth at Partners Group. Partners Group, an alternative asset manager, was an early mover in the global wealth market, including a prominent 15-year private equity fund in the United States. Collins explores the transition from public to private markets and its importance…

In this episode of the Focused on the Future Podcast, veteran industry leader Suzanne Siracuse hosts the dynamic duo of Shannon Spotswood, CEO, and Abby Salameh, Chief Growth Officer, from RFG Advisory. Listen in as they wrap up Season 2 with an in-depth discussion of what it takes to build the RIA of the future….

Legal Editor Anna Sulkin Stern discusses this month's cover art. Source link

On September 16, 2024, the Treasury issued final regulations (final regulations) under Sections 1014(f) and 6035 of the Internal Revenue Code, which Congress added to the IRC through the Veterans Health Care Choice Improvement and Transportation Act Surface of 20151 lot on July 31, 2015. This law went into effect the next day—Aug. 1, 2015.2…

This month, President-elect Donald J. Trump returns to the White House. With the Tax Cuts and Jobs Act (TCJA) of 2017 expiring, tax policy will be a critical issue in the first year of his presidency, and we can make some educated guesses about what tax policy and legislation will support his new administration. We'll…

With the recent election behind us, uncertainty still looms in the area of ​​tax reform. As 2025 begins, the future of federal transfer tax exemptions is unknown. Under the Tax Cuts and Jobs Act of 2017 (TCJA), these exemptions are at an all-time high of $13.99 million. See “Federal Historical Transfer Tax,” p. 21. Source…