PDF Email Page Print Friendly Page Contact
personal planning: news
Summary Professionals News Publications
Press Release

Download this File.
Louis Tuchman Joins Herrick's Tax and Personal Planning Group
April 8, 2013
Herrick has announced today that Louis Tuchman has joined the firm's New York office as a Partner and the newly appointed co-Chair of the firm's Tax and Personal Planning Group.
Media Mention

Download this File.
Donate a Collection and Get a Tax Break
April 2011 -- Kiplinger's Retirement Report
Michael Kessel describes the tax scenarios of donating art or antiquities to various recipients. A donation of artwork that is unrelated to the recipient's exempt purpose, for instance, would result in a deduction only of the donor's basis, he says.
Media Mention

Download this File.
How to strengthen the CPA/attorney relationship
November 1, 2010 -- Accounting Web.com
Brian Raftery says he often refers high-net-worth clients to CPAs, especially when their personal tax needs are more sophisticated than the tools they are using. This article notes that Brian is also a CPA, and he says he tries to match clients' personalities and tax needs with accountants' personalities and capabilities.
Media Mention

Download this File.
Tension Tamers: Here’s how to help your clients avert inheritance lawsuits between their kids and a new spouse
August 2010
Brian Raftery is quoted at length on how to structure assets and preserve wealth in a second marriage when there are children from a first marriage. This story gives tips on how to avoid tension -- and litigation -- between children and their step-parents, and covers elective shares, pre-nuptual agreements, QTIPs and other personal planning tactics.
Media Mention

Download this File.
How To Play The Changing Tax Picture in 2010
May 24, 2010 -- CNBC.com
Brian Raftery is quoted at length here, suggesting that that good tax and wealth preservation strategies include removing from estates assets that have lost value but are likely to rebound, and contributing to 529 college savings plans, which become more attractive when tax rates are rising.
Media Mention

Download this File.
How to manage an inherited business: When an entrepreneur dies, loved ones are forced to make tough decisions
March 3, 2009 -- CNNMoney.com
Brian Raftery advises that owners of small businesses have wills and succession plans in place long before they anticipate needing them, to avoid a hurried and possibly unsatisfactory forced succession plan if the owner dies without having planned properly. This is particularly true, he notes, in some jurisdictions that do not automatically transfer the business to the surviving spouse when there are children.
Media Mention

Meeting wife spawned love for art and new business
October 19, 2008 -- The Journal News
Larry Kaye was quoted, respectively, about the state of the art transaction market and the taxation implications of the disposition of art. Kaye notes that the art transaction market is booming for a variety of reasons.