Client Alert

Tax Cuts and Jobs Act Update

In our recent Client Alert, we provided a summary of salient parts of the Tax Cuts and Jobs Act of 2017. Under the section Pass-Through Businesses, we wrote: “Pass-through income exceeding the $315,000/$157,000 thresholds receives no 20% deduction.” We misstated the phase out provisions. Here is what we should have stated: · If taxable income is less than $157,500 (single filer)/$315,000 (married filing jointly.) the 20% deduction is fully available. […]

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yacht

Why Yacht Charter in Greece?

Dear Clients, Colleagues, and Friends, As most of you know, I have traveled the world on cruise ships giving lectures to passengers on estate planning and asset protection dating back to 1990. There are two pieces of advice I always give my audiences: (1) Fly First Class or your kids will; and (2) Spend your kids’ inheritance: Many of you have taken this advice to heart! One of our most […]

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Client Alert

Tax Cuts and Jobs Act

What does the largest overhaul of the tax code in a generation mean to you, and how does it affect your planning? While this is a highly complex and voluminous law, read on for highlights and suggestions for planning wisely. Please contact our office to update your plan so that you gain maximum benefit from the new tax law and limit avoidable costs. Change to the Income Tax Brackets Under […]

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Alaska Court

Alaska Court Just KO’d Domestic Asset Protection Trust

Dear Clients, Colleagues, and Friends, Thanks to an Alaskan Supreme Court ruling made on March 2, 2018, it’s become clear that if you are not a resident of the state under which you establish a domestic asset protection trust (DAPT), the DAPT won’t protect your assets from lawsuit and thus, may not be worth the paper it is written on. The following article, which was chosen by Kiplinger for its […]

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