(Due to Copyright Restrictions, LISI is not able to provide Reprints of these articles)
BDIT 2701: Avoiding Section 2701 By Selling Carried Interest Directly To Beneficiary Defective Inheritor's Trust
Joe Higgins and Angelo F. Tiesi - Estate Planning
Trusts In Wealth Preservation—Not Only For The Super Rich
Louis A. Silverman - Estate Planning
Why Billionaires Acquire Life Insurance
Richard L. Hartmann - Estate Planning
IRS Issues New Guidance on Tax Treatment of Cryptocurrencies
Roger W. Dorsey, Kyleen Prewett and Gaurav Kumar - Estate Planning
The First Rule of Impactful Giving: Give the Right Asset
Ryan Boland - Estate Planning
Guides for Court-Appointed Guardians -- CFPB
From the Consumer Financial Protection Bureau, Managing Someone Else's Money guides for those appointed by a court to be guardians of property or conservators, giving them the duty and the power to make financial decisions on someone’s behalf. National guides in English and Spanish and six state-specific guides.
Update to Where-To-File Address for Form 8971 -- IRS
Updated as of August 6, 2020.
Akers ACTEC 2020 Annual Meeting Musings -- Bessemer Trust
Various seminars at the ACTEC 2020 Annual Meeting are summarized. Topics include: litigation issues, DNA testing effects, SECURE Act, pre-mortem probate, UPMIFA, well-being for planners, unconscious bias, foreign person as trustee, transfer planning, attacks on privacy by collection of personal information, and hot topics.
Form 1127 Filing Address To Request Extension of Form 709 Gift Tax Payment Has Been Updated -- IRS
This announcement supplies a new address replacing the filing address on page 3 of Form 1127 (Rev. December 2011) for Form 1127 when the tax due is a gift tax reportable on Form 709.
Help for Agents Under a Power of Attorney -- CFPB
To help people (including family members) with legal authority to handle an older person’s money, the Office contracted and worked closely with the American Bar Association Commission on Law and Aging to prepare this guide.