Considerations when initiating or settling a personal injury action

Estate Planning Word Cloud Concept In Red Caps

Learn more about some of the unique concerns faced by individuals permanently disabled as a result of an injury caused by the negligent acts of a third party. These concerns apply whether the injury results from something as mundane as a minor auto accident or from a complex medical malpractice. In any case where permanentRead More

Do-it-Yourself Will: Cautionary tale

Still Life Of Will Document On Desk

“Penny-wise and pound-foolish” is the term used by a Florida Supreme Court Justice in a recent case, Aldrich v. Basile, to describe the person whose estate was the subject of the case, an individual who drafted her own Will using an Internet-purchased form. Ms. Aldrich likely used a pre-printed form Will in an effort toRead More

Estate Planning with Carried Interest: The last frontier of favorable tax treatment for fund managers?

Estate Planning Word Cloud Concept On A Blackboard

OVERVIEW OF PRIVATE INVESTMENT FUNDS AND CARRIED INTEREST  Although brought to the spotlight in the last Presidential election, favorable income tax attributes available to “carried interest” have been under attack for some time. Various forms of legislation have been proposed to curb the favorable income tax treatment afforded to carried interest. However, managers of privateRead More

Sirote Presents ASCPA Webinar Series 2014


This year’s ASCPA webinar series includes an array of interesting topics for participants. Join Sirote & Permutt as we team up with the Alabama Society of Certified Public Accountants to present a “Lunch & Learn” webinar series that will cover The Affordable Care Act, income tax issues, Section 1411 planning and more. “As a leader on many taxRead More

Bankruptcy treatment of an inherited IRA

Estate Planning Word Cloud Concept

On June 12, 2014, the U.S. Supreme Court issued its decision in Clark v. Rameker, 537 U.S. __ (2014), resolving a difference between federal circuit courts on the issue of whether an inherited IRA is excluded from the bankruptcy estate under section 522(b)(3)(C) of the federal Bankruptcy Code, which exempts retirement funds from the bankruptcyRead More

Total return trusts balance beneficiaries’ needs with investment flexibility

Gavel with legal concepts of estate planning probate wills attor

It is typical for trusts to provide that income is to be paid to a beneficiary automatically, but principal is to be distributed only for certain specified purposes (such as health, education, support and maintenance of the beneficiary). In times of modest investment returns where a 2% interest rate or dividend is considered to beRead More

Tax tips for parents of a child with special needs  


Do you have a child with a disability? If so, there may be income tax deductions, exemptions or credits available to you. Some of the available income tax benefits are unfamiliar even to tax preparers, and some of the favorable treatment options are available to people who provide care for other family members, as well. Let’sRead More

Heartbleed still bugging websites and users

Password protected data protection by using strong safe password

The Heartbleed Bug is still preoccupying major websites as they assess whether the security encryption flaw known as the Heartbleed Bug affected their site, and putting in place a fix if needed. On Saturday, April 19, 2014, the U.S. government advised people who had accounts at to change their passwords. Administration officials said thereRead More