August 15, 2016

Section 2704 Proposed Regulations
(August 15, 2016)



The IRS has issued long-awaited proposed regulations under ยง2704 that may reduce the ability to apply valuation discounts to intra-family transfers of interest in entities (such as corporations, partnerships, or LLCs)....

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LEGACY PLANNING INSIGHTS

ACTEC 2016 Summer Meeting Musings (Including Fiduciary Income Tax "Bootcamp") (August 29, 2016)

August 2016

The 2016 ACTEC Summer Meeting was held in Boston, Massachusetts, on June 16-18, 2016. A summary of my observations from the seminars at the meeting is available on the link below.

The meeting included a fantastic one-day "bootcamp" regarding the fiduciary income tax. The linked summary is longer than usual, in an effort to create a helpful resource summarizing the outstanding discussion of a broad array of fiduciary income tax issues (including state fiduciary income tax matters).

Other seminars address roles that attorneys may play other than traditional practice roles (such as serving as trustees, trust directors, or serving with family offices).

> READ THE ARTICLE

Estate Planning Current Developments and Hot Topics (Second Half 2016) (August 2016)

June 2016

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Upcoming IRS Regulatory Projects (Including Section 2704 Proposed Regulations) (May 19, 2016)

May 2016

Treasury and IRS officials have recently discussed various IRS regulatory/guidance projects that will likely be issued this spring and summer. The projects include guidance regarding sections 2704, 2032(a), 2053, and 1022, and Revenue Procedure 2001-38, and charitable remainder annuity trusts.

> READ THE ARTICLE

 

BESSEMER INSIGHTS

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.

> READ THE ARTICLE

Quarterly Investment Perspective: What Will Emerge in 2016 (December 2015)

December 2015

Chief Investment Officer Rebecca Patterson provides a brief summary of our outlook for 2016 through an emerging markets lens.

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Quarterly Investment Perspective: Keep On Truckin' (July 2015)

July 2015

In this edition, Chief Investment Officer Rebecca Patterson shines a light on one specific corner of the U.S. economy: trucking. She explores what this sector can teach us about issues ranging from inflation and technology to regulation and energy. She also shows that trucking, now as decades ago, remains one of the best leading indicators of broader U.S. economic health. Her insight about the trucking sector, along with other analysis, helps bolster our conviction to be overweight equities in client portfolios.

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