Tax and Estate Planning

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Tax Residency Checklist
Pitcairn
Before changing your residency to a new state for income tax purposes, consider the items outlined in this checklist. For additional insights, read more on how to successfully change your tax
Planning for Parenthood Financial and Estate Planning for Newborns
Pitcairn
In preparing for the birth of his daughter, David Slover developed a to-do list each parent should think about executing. Topics shared include Last Will and Testament, Financial and Healthcare
Successfully Changing Your Tax Residency Requires More Than a Change of Address
Pitcairn
Families with the means and flexibility to choose where they live, particularly those anticipating a liquidity event or a life change such as retirement may be looking for a more tax advantageous
What to Know About Managing Digital Accounts at Death
Baker Tilly
Social media and other digital accounts have a life of their own. Managing them is one aspect of managing a deceased person's digital estate. Sometimes the problem is simply closing an account
Updated IRS Mortality Tables Will Shift the Economics of Life Expectancy-Based Estate Planning
Waller Lansden Dortch & Davis (now part of Holland & Knight)
With increasing interest rates, the Treasury Department's recent publication of long-awaited proposed regulations will change the life-expectancy factors used in life expectancy-based estate
Court Decision Reaffirms Importance of Adequately Documenting Deductible Management Fees
BDO
The IRS is increasing its audit of large partnerships and is increasingly scrutinizing the validity and deductibility of management fee arrangements. In the case, Aspro, Inc. v. Commissioner, it
Preserving Family Wealth Before, During, and After Marriage
William Blair & Company
Creating an enduring financial legacy becomes more challenging with each branch that is added to the family tree through marriage. With divorce rates at a high level, it is important for families to
Best Practices for the Family Office Tax Function
Plante Moran
A best-in-class family office tax function goes beyond preparing timely tax returns to drive tax strategy and reduce the overall income, gift, and estate tax burden across generations. Given the role
Integrating Fiduciary and Family Office Structures with a Virtual Family Office
Willow Street Group
A private family trust company (PTC) often serves as an excellent governance framework and corporate structure for a virtual family office (VFO) by providing integrated, holistic oversight of
Volatile Economic Signals Present Opportunity for Beneficial Re-evaluation of Estate and Business Plans
Baker Tilly
After more than a decade of record low interest rates, the combination of inflation and increasing interest rates has investors jittery; however, it also presents an opportunity for high-net-worth