Pet Trusts: Protecting Your Pet After Your Death

Humans are not the only Americans enjoying longer lifespans than a century ago. Thanks to progress in nutritional science and veterinary care, many of our four-legged and feathered friends are remaining strong, active, and alert well into and even beyond the traditional “golden years” of their species. As a result, it is more important than Read more about Pet Trusts: Protecting Your Pet After Your Death[…]

Taxation of Athletes and Entertainers Under the New Tax Law

In a recent post, I examined some of the potential impacts of the Tax Cuts and Jobs Act of 2017 (“the Act”) on professional sports teams and team owners, and now look at what professional athletes and entertainers (“the players”) have gained and lost under the Act. At first glance, the losses may seem to Read more about Taxation of Athletes and Entertainers Under the New Tax Law[…]

Donor-Advised Funds (DAFs) vs. Private Foundations: How the Wealthy Donate Money

Most people are familiar with the charitable activities of private foundations bearing the names of giants of U.S. business—the Rockefeller, MacArthur, and Bill and Melinda Gates Foundations, to name just a few. These foundations still play a vital role in charitable activities around the world, but the wealthy are increasingly directing their charitable contributions to Read more about Donor-Advised Funds (DAFs) vs. Private Foundations: How the Wealthy Donate Money[…]

In the News: MSN Money

Harvey was recently quoted on MSN Money in  an article entitled ‎”Do your kids need life insurance?” A seemingly tricky question which Harvey can quickly and articulately answer based upon his experience with ‎super-successful business owners, executives, and ultra-high net worth individuals. The ways to structure the purchase of childrens’ life insurance is another story Read more about In the News: MSN Money[…]

In the News: Washington Post

Harvey was recently quoted in a Washington Post article entitled ‘That’s the game’: Tax planners look for loopholes amid uncertainty over new law. He comments on the new tax law loophole known as the “Qualified Business Income 20% Passthrough Deduction.” Doctors are assertively pursuing creative strategies so they can fully participate in the tax benefits Read more about In the News: Washington Post[…]