Use Of The Standard Deduction Under The New Tax Plan
By: Joshua B. Glaser, Esq., LL.M. - January 16, 2018
For many years, the standard deduction was a tax benefit rarely utilized by moderate to high net worth taxpayers, simply because their itemized deductions outweighed the standard deduction. Under the recently enacted tax plan, however, this may change significantly.
Aaron Hernandez May Have Hidden Money In Trust Before His Death
By: Yahoo - January 15, 2018
Former NFL tight end Aaron Hernandez set up a trust before his prison suicide earlier this year, and that it may have been intended to provide money for his young daughter, money that couldn’t be accessed by creditors, a report from the Boston Herald alleges.
Wealth Managers Are Being Inundated With Calls About Bitcoin
By: Bloomberg - January 12, 2018
At 74, Cumberland Advisors’ David Kotok has guided wealthy clients through a long career’s worth of bubbles and crashes. Now he is being inundated with questions about the latest soaring asset to confound investors -- bitcoin.
I heard it on the radio as breaking news – Britney Spears decided to write a will to put her $200 million estate into trusts for her children. The DJ followed up with “what a great idea!” As an estate planning attorney, my head exploded.