United States: Improve Your Estate And Financial Planning With An Integrated Life Cycle Perspective

While we’re still near the “New Year’s Zone”, I want to suggest a resolution for clients and their advisors: think about your estate and financial planning in an integrated way, from a life cycle perspective.

People often analyze their lives in segments, even though they’re living them as a unitary whole. It’s valuable to keep in mind how these segments relate. Consider the diagram below:

The Life Cycle Estate and Financial Planning Quadrant has four domains: […]

By |January 31st, 2015|

Cyprus Government Confirms No New Taxes In 2015 Budget

Cyprus Finance Minister Harris Georgiades Dec. 11 said that there would be no new taxes or cutbacks in the coming year when he announced the 2015 budget to parliament. The government’s forecasts are ”conservative” and ”realistic,” adding that it would safely remain within its targets, without the need arising for new taxes or new cuts, Georgiades said.

The government ”made difficult decisions last year” and has therefore devised the 2015 budget based on conservative estimates […]

By |January 30th, 2015|

United States: IRS Issues New Notice Concerning The Effect Of Sequestration’s Haircut On Section 1603 Grant Awards

The IRS issued Notice 2014-39 this week clarifying the effect of sequestration on section 1603 grant awards. Section 1603 of the Internal Revenue Code provides a cash grant of 30 percent of the eligible basis of specified energy property.

The purpose of the Section 1603 Program, created by the American Recovery and Reinvestment Act of 2009, is to monetize renewable energy tax credits in order to attract investors in the wake of the financial crisis. […]

By |January 30th, 2015|