When the gift and estate tax exclusion amount was increased under the 2017 Tax Cuts and Jobs Act, taxpayers and their advisors questioned what would happen if large lifetime gifts were made during the years of the increased exemption amount, which are 2018–2025, and death occurred after the gift and estate tax exclusion amount reverted to lower levels in 2026 and beyond. This is commonly referred to as the “clawback” question. 

In November 2019, the IRS published final regulations that provided guidance needed for taxpayers to make fully informed tax decisions about lifetime gifts. The following Q&A address how the regulations affect gift and estate tax calculations.

Original post: https://www.bosinvest.com/blog/estate-planning/irs-guidance-on-clawback-of-gift-estate-tax-exemption/

Important Disclosures: https://www.bosinvest.com/disclosures 

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the NASDAQ 100 Index, which is a modified market capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ exchange. No security may have a weighting of greater than 24%. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the NASDAQ 100 Index, which is a modified market capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ exchange. No security may have a weighting of greater than 24%. Finally, the episode also referenced the MSCI ACWI ex US Index, which is a market capitalization-weighted index that captures large and midcap companies in developed and emerging market countries excluding the U.S. An index is unmanaged and not available for direct investment. 

For important disclosures, please see bosinvest.com/disclosures.

We hope you and your loved ones remain safe and healthy in what has been a most challenging year in so many respects. As 2020 marks the 35th anniversary of Bingham, Osborn and Scarborough, we thought it would be helpful to provide a thorough update on the state of the firm in a variety of different areas.   

Important Disclosures: https://www.bosinvest.com/disclosures

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the NASDAQ Composite Index, which is a market capitalization-weighted index of common equities listed on the Nasdaq stock exchange. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

It wasn’t that long ago that I was in my 30s. During those years, I built a career, bought a home, had children, made some good decisions, made some not-so-good ones, and survived a historic financial crisis. With the benefit of hindsight, here are 10 things I learned during those years about building wealth that may be useful for someone in their 30s.

Show Notes:

The following are important footnotes from this episode:

1 This return is for illustrative purposes only and is presented only for the limited purpose of providing a sample illustration. Any sample illustration is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond B|O|S’s control. Any sample illustration is not reflective of any actual investment purchased, sold, or recommended for investment by B|O|S and are not intended to represent the performance of any investment made in the past or to be made in the future by any portfolio managed or advised by B|O|S. Actual returns may have no correlation with the sample illustration presented herein, and the sample illustration is not necessarily indicative of an investment that B|O|S will make. It should not be assumed that B|O|S’s investment recommendations in the future will accomplish its goals or will equal the illustration provided herein. Past performance is no guarantee of future returns.

Important Disclosures: https://www.bosinvest.com/disclosures

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the Dow Jones Industrial Average, which is a price-weighted index that tracks 30 large, publicly traded U.S. companies trading on the New York Stock Exchange and the NASDAQ. An index is unmanaged and not available for direct investment.

 For important disclosures, please see bosinvest.com/disclosures.

It’s fairly easy to fall into the cycle of buying a homeowners insurance policy when you purchase your home and then paying the premium each year without giving much additional thought to the policy’s design. When a claim arises, however, the policy details make all the difference in how much protection is provided and whether the claim experience is a good one. The details of a homeowners insurance policy are important. By understanding these details, policyholders can be better equipped to choose a policy that makes the most sense for them. Let’s start by asking some basic questions.

Important Disclosures: https://www.bosinvest.com/disclosures

One of the basic building blocks in portfolio management is buying a lot of different “stuff.” The financial industry uses a more refined noun — diversification — that rolls gently off the tongue but may seem equally vague. What does diversification actually mean? Is prudent application of diversification the same for every investor? Why or why not? Today’s episode discusses how value stocks can be a prudent addition to the portfolio of tech employees.

Show Notes:

‘Life is a box of correlations. What’s in your box?’, Aaron Waxman, April 1, 2015.

Important dicslosures: https://www.bosinvest.com/disclosures 

The current coronavirus pandemic and recent California wildfires remind us of the uncertainty of life and the need to be prepared for unforeseen predicaments. Take advantage of extra time at home these days to take inventory of where your legal documents and other important records and certificates are being stored and whether changes in your storage and organizational systems are needed. Let’s walk through the best places to store original legal documents, health and medical information, official records, certificates, financial data, personal information, physical items, digital data, and passwords. 

For important disclosures, please see bosinvest.com/disclosures.