Understanding trustee powers is critical when drafting an estate plan.
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Have you ever wondered what powers a trustee has? Where those powers come from? If so, today's new article will answer both of those questions: https://lnkd.in/dD2Jy8km
Please Join Carol For a Live, Complimentary Webinar: ESTATE PLANNING Don't leave important decisions about you and your family to the State! Without an estate plan, your estate could be subject to probate, an expensive, time consuming and public court proceeding. Date: Tuesday, May 21, 2024 Time: 5:00pm - 6:00pm EST Follow link to register https://lnkd.in/eYpjcWEz Franklin Planning takes no responsibility for the current accuracy of this information. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors (“PCA”), an SEC registered investment adviser. Registration as an investment adviser does not imply a certain level of skill or training. Franklin Planning and PCA are separate, non- affiliated entities. PCA does not provide tax or legal advice.
Check-out the MB team's analysis of yesterday's decision, the court’s specific reasoning with respect to Sections 206(4) and 211(h) of the Advisers Act, potential implications for pending SEC rules, and potential next steps for the SEC in challenging the decision. Categorize under very big deal.
Nevada Directed Trusts offer a unique level of control and flexibility for trust creators and beneficiaries. Learn how these trusts allow for the separation of investment and distribution decisions, and how they can benefit your estate planning. Nevada's favorable trust laws, including strong directed trust statutes, make it a top choice for establishing these modern trusts. This comprehensive article delves into the roles and responsibilities of directed trustees, trust advisors, and trust protectors, and highlights the unique advantages of choosing Nevada. Whether you're an estate planning professional or looking to secure your family's financial future, understanding the intricacies of directed trusts can be a game-changer. Explore the strategies and protections Nevada Directed Trusts offer. Dive into the details now and see how Peak Trust Company can assist you in optimizing your estate plan. https://bit.ly/3xMQcDB #NevadaDirectedTrusts #PeakTrust #NevadaTrusts #Fiduciary #TrustProtector"
Do you know the incentives of investing in QOZ funds? Here are a few: • Temporary Deferral of Gain: There is a deferred payment of capital gains tax on the sale of a capital asset invested in a QOF until December 31, 2026. • Elimination of Tax: If an investor holds an investment in a qualified opportunity zone fund (such as the SF QOZ Fund I) for at least 10 years, any appreciation on the investment (i.e., taxable gain) will not be subject to capital gains tax. For more information on investing in a QOZ fund, visit the website for the SF QOZ Fund I, LLC, created by David S. Cohen, Esq. and Liam Krahe, also the partners behind CPLG. #legalnews #news #lawfirm #legal #attorneys #lawyers #propertylaw #realestate #realestatelaw #CREnews #realestatenews #realestatedevelopment #qozfund #tax
### Important Alert for Investors: Raymond James & William Body Under Investigation for Alleged Investment Mismanagement We would like to inform our professional network, particularly those in the financial sector, about an ongoing investigation involving Raymond James & Associates, Inc., and one of their financial advisors, William Body. The national law firm Haselkorn & Thibaut is currently looking into serious allegations of investment mismanagement against them. Investors are understandably concerned about the security and integrity of their investments following these allegations. This situation underscores the essential need for transparency and accountability in financial advisory services. It is a wake-up call for investors to review their investment practices and ensure they are working with advisors who uphold the highest standards of investment management. For further details, you can read more through the original post here: [Investigation Alert: William Body and Raymond James](https://lnkd.in/gQ3Vsbhp). Let's stay informed and vigilant to foster trust and integrity in the financial advisory industry. #Finance #Investment #Legal #Compliance #RaymondJames #InvestmentFraud https://lnkd.in/gQ3Vsbhp
Lots to unpack in the SEC's Private Fund Adviser Rule changes. Our US Funds Partner Joseph Suh helps digest what may lie ahead in terms of quarterly reporting, categorizing fees and expenses and various aspects of preferential treatment. #reedsmith #funds #fundformation #privateequity
Reed Smith LLP Partner Joseph Suh has been quoted in Private Equity International's article: An uphill struggle: Private funds prepare for new regulations. Among other ideas, the article discusses various impacts on the incoming workload, stating that “the compliance burden related to preferential treatment rules will be enormous.” Read more below: https://lnkd.in/gUynh3nZ
Is your trust still fit for purpose? A higher tax rate, on top of increased compliance costs and accountability requirements for trusts may mean you need to rethink your asset management plans. Our Partner, Sam Thorp, recently published an article in Metropol Magazine highlighting the issues and the need to review your trust arrangements. The White Fox & Jones team are highly experienced in trust law and can advise on the best ways to safeguard your assets and plan for your family’s future. https://lnkd.in/gch9WzdV
