February 13, 2017

Heckerling Musings 2017 and Other Current Developments (April 2017)



Observations from the 51st Annual Philip E. Heckerling Institute on Estate Planning held in Orlando during the week of January 9, 2017, as well as other current developments, are summarized....

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LEGACY PLANNING INSIGHTS

Estate Planning Current Developments and Hot Topics (January 2017)

November 2016



This summary of current developments includes some observations from the 50th Annual Philip E. Heckerling Institute on Estate Planning as well as various other current developments in 2016 (including the Section 2704 Proposed Regulations).

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ACTEC 2016 Fall Meeting Musings

November 2016


Seminars at the ACTEC 2016 Fall Meeting are summarized. The summary includes elder law issues, various professional practice issues, and the lawyer as a witness (fact witness, expert witness, or witness as a party to litigation).

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True v. Commissioner, (Tax Court petitions filed October 11, 2016)

November 2016



The IRS is attacking gifts and sales made subject to "Wandry" and price adjustment clauses. The IRS has been looking for the "right case" to attack Wandry clauses. Apparently, this is that case.

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BESSEMER INSIGHTS

Quarterly Investment Perspective: The Sun Also Rises

December 2016

Chief Investment Officer Rebecca Patterson and Chief Investment Strategist Holly MacDonald explore our economic and investment outlook in the wake of unexpected political outcomes in the U.K. and U.S. in 2016 — providing detailed views on fixed income and equities for the year ahead, and how we are allocating capital.

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Quarterly Investment Perspective: A Tale of Two Tails (October 2016)

October 2016

Investing requires a view of the future. Without certainty, the best one can do is examine potential scenarios and thoughtfully assign probabilities to different outcomes. Portfolios are then constructed accordingly.

In this edition of our Quarterly Investment Perspective, Chief Investment Officer Rebecca Patterson explores a few possible left-tail risks for the year ahead as well as explore the cost and complexity of hedging those risks.

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Quarterly Investment Perspective: America the Beautiful (July 2016)

July 2016

Chief Investment Officer Rebecca Patterson explores our economic and investment outlook and how Bessemer is positioning portfolios as a result.

Specifically, she examines how countries and regions have performed at the ends of economic cycles, considers what could prove different this time around, and makes the case for likely continued U.S. outperformance in a recession or prolonged market downturn. She also discusses current portfolio positioning and how it is likely to change as we see signs that the end of the economic cycle is near.

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Quarterly Investment Perspective: Recession and Recovery (April 2016)

March 2016

In this Quarterly Investment Perspective, Chief Investment Officer Rebecca Patterson examines the cycles of recessions and recoveries and why understanding them is critical to successful asset allocation. She also discusses why the investment team does not foresee a recession this year, but rather late-stage economic expansion, and what that means for Bessemer portfolios.

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