Wealth Preservation

Scarinci Hollenbeck’s Tax, Trusts & Estates practice group regularly provides content on wealth preservation. To receive our attorneys' wealth preservation articles please subscribe to our email list.

Client Alert

Library

Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

85-95 of 95

Gifts Should be a Crucial Part of Your Business Succession Plan

Many small business owners want to keep their legacy intact by passing down their companies to family members. Many small business owners want to keep their legacy intact by passing down their companies to family members. A viable succession plan is essential for these owners in not only passing down assets, but also doing so […]

Author: Scarinci Hollenbeck, LLC

July 10, 2013

Gift Tax

Don't Leave Digital Assets Out of the Estate Plan

When it comes to formulating an estate plan, many individuals focus on the assets that hold direct monetary value, such as cash, retirement accounts, life insurance, trusts, real estate, and physical property. Many affluent individuals and business owners rely on trusts or the use of the lucrative gift tax law to transfer these assets to […]

Author: Scarinci Hollenbeck, LLC

July 8, 2013

Don't Leave Gift Taxes Out of Estate Planning

When individuals and business owners begin estate planning, establishing a will and testament is often their first priority. In cases of high net-worth households and those who plan to pass business assets onto the next generation, a trust is also another popular element of estate planning. However, one of the most underutilized components that too […]

Author: James F. McDonough

July 3, 2013

Gift Tax

Domestic Asset Protection – Why State Legislation Is Not Set In Stone

The State of Nevada spent considerable time and effort in crafting its asset protection and dynasty trust statute. Nevada worked hard to attract trust business to the state in an effort to broaden its economic base and decrease its reliance upon tourism and mining. Yet, one amendment to a piece of legislation nearly upset years […]

Author: James F. McDonough

June 19, 2013

Procrastinating Succession Plan Can Leave You Open to Costly Mistakes

Running a business requires a great deal of time and commitment, and owners who are operating a busy enterprise may sometimes make the mistake of putting their succession plan on the back burner. However, an accident or unexpected medical disaster can change a business owner’s circumstances quickly, making it imperative that they plan for the […]

Author: Scarinci Hollenbeck, LLC

June 10, 2013

IRS Goes After Billionaire Sumner Redstone for 1972 Tax Gift

Billionaire Sumner Redstone may be on the hook for a large sum of money relating to a tax gift he made to his children in 1972 if the Internal Revenue Service has its way. The federal agency claims Redstone owes $1.1 million in taxes, penalties, and interest relating to stock given to his children 41 […]

Author: Scarinci Hollenbeck, LLC

May 24, 2013

Harsh Tax Law for American Expatriates

Tax law for American expatriates continues to be a hot topic of debate. While financial experts think that employees in this position may be getting the best of the tax system, many Americans living abroad say it’s actually punishing them. This is a particularly large issue for American executives who spend a major portion of their careers […]

Author: Scarinci Hollenbeck, LLC

May 17, 2013

More Companies Change Business Designation for Tax Purposes

A growing number of companies across a variety of industries are changing their business designations in an effort to lower their liability under federal tax law. The New York Times exclusively reported on this increasingly common scenario, in which corporations that operate in several sectors – including prisons, casinos and infrastructure – are classifying themselves […]

Author: Scarinci Hollenbeck, LLC

May 3, 2013

Tax Attorney

Asset Protection – State Law Does Matter

State law does matter in the selection of a jurisdiction in which to create a domestic asset protection trust (APT). A brief (and incomplete) history of APTs may help the reader understand why. Common law prevented an individual from establishing a trust to protect one’s assets from the claims of creditors where he or she […]

Author: James F. McDonough

April 30, 2013

Income Tax

Business Owners and Wealthy Individuals: Don't Forget to Account for State Estate Taxes

Lawmakers’ decision to allow for a $5.25 million exemption for estates may have served as a great relief to wealthy individuals and small business owners who want to pass on considerable wealth to future generations. However, during estate tax planning, it’s important for individuals to also take estate taxes that their particular state may impose […]

Author: Scarinci Hollenbeck, LLC

April 29, 2013

Educate The Executor to Avoid Wealth Transfer Issues

Steering Clear of Wealth Transfer Dilemmas The estate planning is a multi-layered process that requires individuals and business owners to be well-versed on tax law, wealth building and transferring assets to beneficiaries. However, an often-overlooked planning component involves making sure that executors are also educated on the process and able to meet a person’s wishes. […]

Author: Scarinci Hollenbeck, LLC

January 30, 2013

First
Previous
1
2
3
4
5
6
7
8(current)
Next
Last

Sign up to get the latest from our attorneys!

Explore What Matters Most to You.

Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.

Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.