News

Curating Freeports And Foreign Asset Protection With Evolving Tariffs
Tariff and tax law uncertainty challenge freeports that have been used for centuries by the wealthy to store and transfer ...
The Tax Adviser17h
ING trusts: How they work and their continued viability
Properly established and maintained, an incomplete gift nongrantor trust may play a valuable role in some clients’ estate ...
The Tax Adviser17h
Adequate disclosure on gift tax returns: A requirement for more than gifts
Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...
No Contest Clauses and Lifetime Trusts
"This article will discuss a proposed statute to apply a no-contest or in terrorem clause to trusts. It will also discuss a ...
When to Distribute—and When to Delay—Family Wealth
Distributing or delaying your family wealth depends entirely on your family situation. Revocable trusts help you avoid ...
National Law Review2d
Reconciliation Bill Provisions Targeting Tax-Exempt Organizations Affect Hospitals
The budget reconciliation bill passed by the House of Representatives on May 22, 2025 (the “Reconciliation Bill”), contains a ...
JD Supra2d
The One Big Beautiful Bill: Tax Provisions Impacting Domestic and Multinational Businesses
On May 22, 2025, the U.S. House of Representatives approved H.R. 1, also known as the “One Big Beautiful Bill Act” (the House Bill). The House ...
House Republican budget bill calls for bigger ‘pass-through' business tax break. Who could benefit
The House Republicans’ budget bill calls for a bigger 199A deduction for qualified business income. If enacted, here’s who could qualify.
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Taxation of estates, gifts and trusts, 1989-1990
An illustration of a magnifying glass. An illustration of a magnifying glass.