Lane Report Archives

Displaying 121 through 156 of 156  
The R-Word And Your Portfolio
Friday, December 1, 2000
It's been quite a year, hasn't it? With hindsight we know that, in November of last year, we began the final blow-off stage of the great tech-sector stock market rally. Remember one analysts recommendation that "Qualcomm should see $250 per share next year" (split adjusted) and actually reaching $200 that last week of 1999 before falling to $56 in July? The...
Why Legal Counsel Should Help Design Your Commercial Web Site
Wednesday, November 1, 2000
So you think you're ready to move your business online and reap the benefits of E-Commerce. Whether you already have an electronic yellow pages Web site for your established brick and mortar business and want to turn it into a click and mortar business, or you have an idea for a start-up B2C or B2B Web business, there are several legal issues which you...
The Effective Use Of Defective Trusts
Sunday, October 1, 2000
In previous Lane Reports, we discussed efficient ways to remove assets from your estate for estate tax purposes, but still maintain control and receive benefits from the removed assets. One popular way, as described in the April 1999 Lane Report, is through the use of a family limited partnership ("FLP") where a taxpayer forming a FLP can gift partnership...
The Family And Medical Leave Act: Do You Know Your Rights And Responsibilities? And Did The Department Of Labor Go Too Far?
Friday, September 1, 2000
The Family and Medical Leave Act ("FMLA") was signed into law by President Clinton in 1993. FMLA gives eligible employees the right to take up to 12 workweeks of leave during any 12-month period due to one or more of the following: The birth of a child of the employee, in order to care for such child; The placement of a child with the employee for adoption...
The 21st Century: E-SIGN Act Boosts E-Commerce Welcome
Tuesday, August 1, 2000
On June 30, 2000, President Clinton signed the Electronic Signatures in Global and National Commerce Act ("E-SIGN" or "Act"). The Act clarifies issues regarding the legal effect of electronic signatures, and contracts, and provides national standards and consumer protection to encourage E-commerce. E-SIGN will have a substantial impact on how business is...
Alternative Dispute Resolution
Saturday, July 1, 2000
If your business has a claim or lawsuit from or against another business, sooner or later your lawyer is going to turn to you, shrug his shoulders, and inquire, "Should we submit this to some kind of ADR?" If you can speak the same language, you will find that you are way ahead of your lawyer in the matter of ADR. In the last few years ADR has been a hot...
A Way Around The "Discount Family Limited Partnership"
Thursday, June 1, 2000
Much has been written about the so-called "Discount Family Limited Partnership." The April, 1999 Lane Report describes how it can tax-efficiently shift taxable income among family members, save estate taxes, and shield assets from the claims of creditors. The truth is that, as attractive a strategy as the Discount Family Limited Partnership can be, it's...
Beefing Up Your 401(k) Account - "Automatically"...
Monday, May 1, 2000
401(k) plans are more popular than ever. They allow eligible employees to avoid current income tax on payroll-deducted savings, this year up to $10,500. The earnings on those savings also escape income tax until they are distributed. Particularly in a very competitive, full-employment environment, 401(k)s help employers recruit and retain good employees. ...
More Blessed - And Profitable - To Give...
Saturday, April 1, 2000
It's well known that, when an older family member gives his or her assets to a younger family member, the family can save transfer taxes. After all, the same tax rate schedule applies to lifetime gifts and transfers at death. So, why not take advantage of all the gift-tax breaks that are available, keep estate taxes as low as they can be, and retain as much...
Offshore-Style Asset Protection Planning - Without Going Offshore
Wednesday, March 1, 2000
Delaware has long been recognized as a business-friendly state. Its easy-to-live-with, pro-management business laws have motivated thousands of corporations to organize there. And its courts have advanced the philosophy that Delaware is a good place to do business. Thanks to a recent amendment to Delaware's trust law, the state may also become the...
Offshore Tax Planning, 2000-Style: A More-Aggressive-Than-You-Need-To-Be Case Study
Tuesday, February 1, 2000
Along with most careful financial advisers, we resist tax-driven business decisions. Instead, we encourage our clients to make sound economic decisions, and then we cautiously help them identify and implement those tax-sensitive steps which are most likely to save them money. Our view is that "aggressive" tax planning (read: "risky" tax planning) is rarely,...
The Perpetual Trust
Saturday, January 1, 2000
Our best wishes to you and your family for health, happiness and prosperity in the New Millennium. What better time to reflect on our hopes and dreams and reassess our priorities? And, as luck would have it, the Illinois legislature has made it easier for Illinois residents to influence the lives of our children and grandchildren - and their children...
The Philanthropic Limited Partnership
Wednesday, December 1, 1999
Charitable Remainder Trusts ("CRTs") are irrevocable trusts that divvy up the benefits of the assets they hold between income beneficiaries - you, your spouse and possibly your kids - and one or more charities you select to receive the assets after all the income beneficiaries die. A typical scenario would have you contribute your corporate stock or...
The Spousal Lifetime Access Trust
Monday, November 1, 1999
The insurance industry's lobby is among the most powerful in Washington. Over the years it has created all kinds of tax breaks for insurance consumers, benefitting them and the insurance companies which sell them policies. One such tax break is "inside buildup." The idea is that cash values growing within life insurance policies aren't subject to current...
A Few Words For Our Lost Generation
Friday, October 1, 1999
We all have a romantic notion of the Lost Generation - Hemingway, the Fitzgeralds, Paris in its glory days. But the label might be equally apropos to describe some 45 million Americans born between 1964 and 1984, "Generation X." Their parents are the "baby boomers," supreme consumers who are living longer but, despite the 401(k) revolution, lack the...
Taking Your Stock Profits Without A Current Tax Bite
Wednesday, September 1, 1999
The stock market has been red-hot, at least for certain industries and sectors, and some savvy buyers have used new highs as opportunities to take profits. Although their long-term capital gains are taxed at a relatively low rate of 20%, our clients often ask us about ways to shelter such profits from taxes. Many investors know that gains realized on the...
Dumping Your Trustee
Sunday, August 1, 1999
Grandpa is more likely to be nervous about Suzi, with all those tattoos, or Joey, who drives the beater without the muffler, than old, established First National. The bank's stately edifice has dominated First and Main as long as Gramps can remember. But in this world of depersonalizing bank mergers and escalating fees, it's just possible that some day...
Why You Might Need More Trusts Than You - Or Your Lawyer - Think You Should!
Thursday, July 1, 1999
Architects say that form follows function. So do good lawyers. That's why, when designing an estate plan, the careful lawyer might recommend that her client set up several trusts. We all know that the simplest approach is often the best approach. That point of view is why you'll find "overlawyering" in your Webster's. Tax lawyers are painfully aware that...
The Mutual Fund Tax Muddle - Is It Worth All The Trouble?
Tuesday, June 1, 1999
The investing public has fallen deeply in love with mutual funds. And who can blame small investors? Funds are popular because they offer a simple way to buy into a diversified, professionally managed portfolio. And, for years now, the wind has been at the managers' backs. Total investment returns have generally been outstanding and the public couldn't...
How Value-Based Trusts Encourage Good Behavior
Saturday, May 1, 1999
Policy wonks have long debated the merits of tax policy as social policy. It's true, for example, that "sin" taxes on tobacco and alcohol help Government recover the health costs of smoking and drinking. Yet, such impositions are also a not-so-subtle attempt to discourage "bad" behavior. Over the years, tax incentives have also been legislated to encourage...
How Family Limited Partnerships Build Wealth
Thursday, April 1, 1999
The family limited partnership is an increasingly popular and sometimes controversial tool for saving estate taxes, protecting assets and tax-efficiently shifting income from one family member to another. Its power to preserve and grow wealth is enormous. The family limited partnership is a special breed of limited partnership, that unique form of...
Some Money-Making Advice For Warren Buffet And Peter Lynch: "Get Out Of Philly!"
Monday, March 1, 1999
When our investment affiliate, Marc J. Lane & Company, and other investment advisers and money managers consider a stock for their clients' portfolios, they look at "return on equity," "price-earnings ratio," "revenue, earnings and dividend growth rates," "debt burden" and many other financial characteristics. More and more, they may be looking at...
The Private Foundation: Directing Your "Social Capital"
Monday, February 1, 1999
Our practice's mission is to protect and build our clients' wealth. We have gone to great lengths to recruit talented and seasoned legal, tax and financial professionals who can contribute in a meaningful way to the lives and fortunes of successful people and their dynamic businesses. And, over the years, we have developed comprehensive investment, risk...
Encouraging Trusts To Grow Wealth: A New Paradigm
Friday, January 1, 1999
This issue of The Lane Report won't report on recent trust law developments either, important as they are. What it will discuss - and even promote - is a new way to look at trusts and a new opportunity they hold. Trusts are useful in all kinds of family and business contexts to manage assets for - and to distribute them to - beneficiaries who are entitled...
Doing, Undoing And Redoing Your Roth IRA
Tuesday, December 1, 1998
There's been all kinds of hoopla about Roth IRA's and the unprecedented opportunity they present to convert your traditional IRA into one which pays out distributions free of income tax. All that's required is that your new Roth IRA hold assets for at least five years and that you reach age 59O before pulling your money out (unless you die, become disabled...
Swatting The Millennium Bug
Sunday, November 1, 1998
Some call it the "Millennium Bug." Others describe it as the "Y2K problem." Either way, it suggests the possibility that, come January 1, 2000, you just might be in for all kinds of business - and financial - headaches. The doomsday scenario predicts that banks, phones, ATMs and even the power grid may fail us - all because many software programs and...
Citizens Of The World; You'd Better Plan!
Thursday, October 1, 1998
Political realignments, global markets and technological sea changes have shrunk the world and increase the likelihood that you and your assets will be affected by foreign laws and taxes. The most extreme case is that of the expatriate who's departed our shores for good, dead-set on avoiding U.S. taxes or other liabilities. But he has little reason to feel...
A New Way To Turn Life Insurance Into Cash
Wednesday, September 2, 1998
We all know people who are "house-poor". They've tied up more than they should in their home and lifestyles and simply can't meet their reasonable financial goals. Others are "insurance-poor". They may have retired. They may have sold their businesses. Their children may have grown up or they may have taken steps to shrink their eventual estates. But they...
Capturing 401(k) Benefits Without The Hassle
Thursday, July 2, 1998
Recruiting and retaining the best managers often require business owners to offer competitive, tax-advantaged compensation packages. Yet, the tax laws aren't always as sympathetic to that mission as we might like them to be. Tax-qualified plans, the mainstay of retirement planning, just aren't intended to favor highly-paid executives. Pensions and 401(k)...
How Annuities Can Protect Medicaid Claims
Tuesday, June 2, 1998
When a nursing home stay appears unavoidable, one's family may be painfully pulled in different directions to insure eligibility for Medicaid benefits. On the one hand, self-impoverishment or "asset spend-down" might be considered, yet onerous and unforgiving "lookback" rules might well sabotage the strategy. On the other hand, any draconian assault on...
How Gifts To Charity Can Avoid "IRD"
Saturday, May 2, 1998
We've seen all kinds of publicity of late applauding the demise of the 15% excise tax on "excess" retirement plan distributions and "excess" accumulations held in a retirement plan at death. The tax was a "success tax" and good riddance to it. What isn't as well understood is that people who die owning retirement accounts and annuities will still have...
Avoiding IRA Rollover Traps
Thursday, April 2, 1998
At this time of the year, many taxpayers are thinking about IRAs. And, with the new "Roth" IRAs and education IRAs, more press attention than ever is focused on the importance of IRA planning. What taxpayers too often ignore, however, are all the tricks and traps associated with IRA ownership. Take the case of the taxpayer who wants out of an existing...
Sidestep The Risk Of Independent Contractors Who Aren't
Monday, March 2, 1998
Considering he's the richest man in the country, not all has been going Bill Gates' way. The Justice Department is after him on Antitrust grounds; he recently took a pie in the face; and his senior managers at Microsoft Corp. learned that workers can be company employees even after they sign agreements that they're independent contractors. Whatever the...
Arbitration: The Benefits And Drawbacks For Employers
Monday, February 2, 1998
Arbitration, mediation and conciliation are increasingly popular alternatives to litigation. And more and more of our clients are including arbitration clauses in their employee handbooks, employment agreements and employee benefit plans. Arbitration is a relatively speedy, procedurally simple, inexpensive and private process. For those reasons, many...
Retirement Plans Are For Retirement, Not Estate Planning
Friday, January 2, 1998
Some financial advisors have seen merit in buying life insurance out of one's pension plan, using tax-deductible dollars to pay the premiums. We've never been great fans of this strategy, arguing instead that a pension presents an extraordinary opportunity to grow wealth on a tax-favored basis. To the extent pension dollars are diverted to fund insurance...
Displaying 121 through 156 of 156  

Announcing Marc J. Lane's 35th Book:

The Mission-Driven Venture: Business Solutions to the World's Most Vexing Social Problems

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