Estate Planning

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Imagine Canada Becoming A Tax Haven For Americans

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If enacted, Democrats' tax proposals could cause an exodus of wealth to relatively low-tax Canada.

David Rockefeller's Estate Donates Record $200 Million To MoMA

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Rockefeller served 69 years on MoMA’s board, starting in 1948, until his death at age 101.

Four Wives, 17 Kids And Wrangling For Control Of A Casino Empire

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This family has been embroiled in a decade-long battle over a Macau casino empire.

Russ Prince: Yes, Advisors, You Must Plan For Your Clients' Extramarital Affairs

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Irrevocable trusts are just one of the ways to deal with the mistresses and "toy boys" in your client's life.

Endowments And Foundations Suffer Off-Kilter Asset Allocations

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Just over half of the endowments responding to CAPTRUST's survey work with an RIA and most invest in mutual funds.

George Steinbrenner’s Estate Gets A Big Tax Break

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A ruling on a marital trust known as a QTIP will save the estate of the former Yankees owner’s widow a bundle.

$80 Billion Locked In A Golden Cage In Austria May Be Freed

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Tax-friendly trusts that allowed wealthy families to transfer wealth are going through an upheaval.

Billionaire Family Feud Widens As Son Sues Sister

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The feud involves one of the richest families in Canada, and shows no signs of being settled.

Louis-Dreyfus Reaches Key Deal To Buy Out Other Family Members

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If she is successful in making the payment, it would further cement her control of the 167-year-old company.

Discussing The Issue Of Aging Parents

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Adult children and their parents may find the holidays a good time to discuss the what-ifs that lie ahead.

Seahawks' Sale Price Could Take A Hit After IRS Denies Tax Break

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An IRS rule on pass-through entities could hurt the sales prices of Paul Allen's sports teams.

Paul Allen's $26 Billion Estate Will Take Years To Unravel

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Vulcan, which oversees Allen’s money, was the umbrella for a variety of investments, activism and philanthropic units.

Billionaires May Get 'Highly Unusual' Shot At Paul Allen's Teams

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It's not yet known what Allen's estate will do with the NFL's Seattle Seahawks and the NBA's Portland Trail Blazers.

Billionaire Auto Magnate Sues Daughter For $398 Million

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Magna International CEO Frank Stronach, 86, also named his grandkids as co-defendants.

At Rich Kid Summer Camp, Big Banks Try To Hook Heirs For Life

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Attendees at Next Gen functions hosted by private banks will one day rank among the world’s most sought-after clients.

Trustees Grapple With Balancing ESG Investing And Fiduciary Duties

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One attorney says trustees for wealthy families can meet their fiduciary duties while investing sustainably.

CIBC Atlantic Trust Launches Podcast To Educate Next Gen

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CIBC Atlantic Trust is using one of the hottest new mediums to educate listeners about a range of financial concepts.

It's A Great Time To Be A Wealthy Heir After Trump Tax Overhaul

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The new law doubles the estate-tax exemption to $22 million a couple, spurring interest in dynasty trusts.

$70 Online Divorces Become The Target Of A Crackdown In Denmark

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In Denmark, divorces are plentiful, and can be completed with the click of a button. But that's about to change.

Trump Jr.'s Wife Vanessa Seeks Divorce After 12-Year Marriage

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One newspaper reported Vanessa Trump has been uncomfortable with the heightened scrutiny of the Trump family.

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