Insights

LEGACY PLANNING INSIGHTS

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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Estate Planning Current Developments and Hot Topics (FINAL for 2016)

January 2017

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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Planning Implications of Possible Estate Tax Repeal (November 2016)

June 2017



Legislative proposals to repeal the transfer tax and the "reconciliation" process under which tax reform would likely proceed are described, together with planning implications of possible repeal of the estate tax and other reform measures.

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Estate of Beyer v. Commissioner, T.C. Memo. 2016-183 (September 29, 2016)

October 2016



FLP Assets Included in Estate Under Section 2036(a)(1), Including Assets Attributable to Interests Sold to Grantor Trust; No Discount Allowed for Restricted Management Account; Gift Tax (and Penalties) Imposed Because of Failure to Make Five-Year Election for Gifts to Section 529 Accounts.

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BESSEMER INSIGHTS

April 2017

In this Quarterly Investment Perspective, "Bridging the Active-Passive Divide," Chief Investment Officer Rebecca Patterson provides timely information about our investment outlook and current strategies.

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Quarterly Investment Perspective: The Sun Also Rises (January 2017)

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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