Tax and Estate Planning

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2023 Guide to Tax and Wealth Planning
PwC
Entering this year, individuals and businesses faced significant macroeconomic risks—possible recession, elevated inflation, rising interest rates, and geopolitical challenges. The
Teaching Your Old Trust New Tricks: How to Modify an Irrevocable Trust
Northern Trust
Simply because the instrument governing your trust states that it is irrevocable and cannot be amended does not mean it cannot be modified to serve your family’s needs in a better fashion.
Could You Benefit from a Spousal Lifetime Access Trust?
Pitcairn
Irrevocable trusts are a great way to minimize estate taxes and keep more of your wealth in the family, but they require you to permanently give up ownership and control of the assets you place in
Ten Minute Interview: Recent Legal Developments and What They May Mean for You
Foley & Lardner
During this interview, attorney Jason Kohout shares the legal developments and highlights from his panel discussion on the regulatory, trust, tax, and estate planning update at the Family
Three Estate and Gift Tax Strategies to Consider Before Selling Your Business
Warner Norcross + Judd
For a business owner considering the sale of their business, there are two competing goals: maximizing the proceeds from the sale and minimizing the transfer taxes that will be due on the owner
Tennessee Legislature Approves Enhancements to Uniform Trust Code
Holland & Knight
In collaboration with a consortium of interested parties, including Holland & Knight attorneys, the Tennessee legislature has made significant strides toward securing and maintaining the state
Succession Planning Without the Succession
NEPC
There are few matters of wealth management more fraught with tension than estate planning. Preparing to transfer wealth and assets to your heirs can involve emotions, family dynamics, legal
Shared Ownership of Family Cottages, Part Three: Creating a Governance Agreement for a Shared Property
Warner Norcross + Judd
Once you have decided to pass the family vacation property to the next generation, and you have chosen the ownership form you want to use, the last step in preparing for the transfer is to create an
Shared Ownership of Family Cottages, Part One: Does It Make Sense to Pass the Cottage to Future Generations
Warner Norcross + Judd
When families gather at their cottages or vacation properties, the senior generation might think how nice it would be for these multi-generational gatherings to continue after they
Shared Ownership of Family Cottages, Part Two: Ownership Structures for Shared Family Property
Warner Norcross + Judd
Once a family has made a decision to pass the ownership of family cottage or vacation property to the next generation, you will need to give thought to how that ownership will be held. There are