For those who are interested in my previous posts regarding Madoff and clawbacks against charities (check out Madoff posts) , here are some interesting articles about this now old story. This first article is really interesting – about how lawyers on behalf of net-winners from Madoff’s scheme are fighting to be treated as victims! It’s...
Pretty depressing Monday morning when you find out that a very well respected tax lawyer, formerly from Ernst and Young (“E&Y”) no less, is off to jail. This would be the 3rd person in my outlook contacts folder heading off to a federal penitentiary for various white collar crimes this year. Why a post? I...
I am a major fan of irrevocable bequest pledges (another $1+ million one closed last week for a client:) – with the strong caveat to be careful! Anyway, the topic is really pledges, enforceable or not. If enforceable, what about when the donor dies? I just wrote a white paper on this general topic (which...
If you are not a glutton for planned giving technical stuff, you might want to skip this one. Attorney Martin Shenkman, quoted in the Forbes Article, posted a huge commentary on 2010 estate planning questions. Here is a link to it: http://www.laweasy.com/t/20100107062914/2010-estate-tax-repeal—is-it-real~#_Toc250556915 For charitable planners, here is a very complicated, interesting take on the...
The media is slowly waking up to the issue I raised in my previous post. There appears to be a major “opportunity” in estate planning by the use of gifting to grandchilden this year. Here is a good Forbes article – which surprisingly quotes an attorney already guiding clients to take advantage of this loophole:...