Deducting Investment Advisor Fees Paid by Trusts- October 21, 2006 There has been a split in the various circuit courts of appeals regarding the deductibility of investment advisor fees paid by trusts. The Second Circuit Court of Appeals, in William Rudkin Testamentary Trust v. Commissioner of Internal Revenue, recently held that investment advisor fees paid by trusts are limited by the Section 67 two percent floor imposed on miscellaneous Schedule A itemized deductions. Previously the Sixth Circuit Court of Appeals ruled that the two percent floor did not...http://www.colorado-estateplanning-attorney.com/2006/10/deducting-investment-advisor-fees-... Selling a Business: The Charitable Way- October 3, 2006 As more baby boomers begin to retire and sell their businesses, there will be an increasing demand for alternative exit strategies that achieve the owner&39;s personal financial goals. This article discusses one structure for selling a business that establishes a stable income stream and a charitable deduction for the owner.For purposes of discussion, assume that our baby boomers have owned and operated a moderately successful dry cleaning business for over twenty years and now they are...http://www.colorado-estateplanning-attorney.com/2006/10/selling-business-charitable-way Asset Protection: Spendthrift Trusts- October 2, 2006 Trusts can be structured to provide superior asset protection against creditor claims. Spendthrift trust provisions prevent creditors of the trust beneficiary from reaching the trust assets as long as the assets are held in the trust. This type of provision may or may not be upheld, depending on who created the trust and what the other provisions of the trust are. Generally trusts can be divided into to categories based on who established the trust: namely, self&45;settled trusts and...http://www.colorado-estateplanning-attorney.com/2006/10/asset-protection-spendthrift-trust... |