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Should life insurance be a part of your estate plan?
June / July 2016
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 762
Abstract: Today, the federal gift and estate tax exemption stands at $5.45 million, so fewer families are facing estate tax liability. This begs the question: Can life insurance continue to play an important role in estate planning? The answer is: Yes. This article details why, even though a policy’s proceeds may no longer be necessary to provide liquidity to pay estate taxes, even nontaxable estates may have a need for a policy’s various other potential estate planning benefits.
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Need to protect your assets? Consider a BDIT
January / February 2016
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 762
Abstract: A BDIT, also known as the “Beneficiary Defective Inheritor’s Trust,” is one of the most powerful estate tax and asset protection strategies available to taxpayers. Essentially, it’s a third-party settled trust designed to give the taxpayer control and beneficial enjoyment of the trust property. This article explains how a BDIT works and why it’s so important.
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Get ready for international tax reform
April / May 2014
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 762
Abstract: The various international tax reform proposals being put forth by lawmakers provide valuable insights into the direction that tax reform is likely to take, and they give companies an opportunity to participate in the legislative process and prepare for the changes to come. This article explains current law and examines proposed changes. While it’s not yet clear what changes Congress will make, it will likely become more difficult to use controlled foreign corporations to defer U.S. taxes.
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Gazing into the crystal ball – How contingencies affect a business’s value
January / February 2010
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 762
Abstract: As part of the definition of “fair market value,” both parties in a transaction must have “reasonable knowledge of the relevant facts.” But a host of contingencies are often among the relevant facts, which means that valuators need to look into the future to arrive at fair market value. Both contingent losses and contingent gains must be considered, and they differ in their accounting treatment. For the valuator, the challenge is to quantify any contingencies and adjust the company’s value accordingly.
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Doing the right thing – Avoid excess benefit transactions
October / November 2009
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 762
Abstract: One way to lose tax-exempt status is to ignore the private benefit and private inurement — also known as excess benefit — provisions of the Internal Revenue Code. These rules prohibit an individual inside or outside a nonprofit from reaping an excess benefit from a transaction by the organization. Excess benefits can take many forms, such as excessive compensation, favorable sales of assets, below-market property rental and lending money. Being knowledgeable about such transactions involves understanding such concepts as private benefit and private inurement, and knowing board members’ duty of care and the consequences of violations.