Results for "trusts"

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REIT dividends at issue in suit

September 30, 2012

Despite the attractive yields that nontraded real estate investment trusts offer, financial advisers and their clients need to have a firm handle on how the popular real estate investments pay for and account for their dividends, because the...

Many wealthy skip tax benefits, give posthumously

September 30, 2012

Many rich Americans are choosing to make their largest charitable contributions only after they are sure they won't need the money. In short, they are giving after they are gone. The current economic malaise, the rocky investment markets, un-certainty...

$3B acquisition of REIT sets 'speed record'

September 9, 2012

Realty Income Corp.'s deal to acquire American Realty Capital Trust Inc. sets a “speed record” in the real estate investment trust business, according to one REIT market specialist. The deal, announced Thursday and valued at nearly $3 billion,...

Networking: Pershing plumps up trust lineup

August 24, 2012

Pershing LLC has added two independent trust companies to its existing network of outside providers. BOK Financial of Tulsa, Okla., and Rapid City, S.D.-based Independent Trust Company of America have joined Pershing's Trust Network referral...

Coming soon: National Advisors Trust on Schwab platform

August 22, 2012

National Advisors Trust Company is expanding its administrative trust services to the Schwab Advisor Services platform. The trust company's capabilities will be available on Schwab's custody platform beginning in the fourth quarter of this year,...

Nontraded REITs lose their luster

August 19, 2012

Eight of the largest nontraded real estate investment trusts have lost a collective $11.3 billion, or 37% of their equity value, over the past seven years, according to an analysis conducted on behalf of InvestmentNews. Last Tuesday, CNL Lifestyle...

More give up U.S. passports to skirt taxes

July 29, 2012

Americans are finding a new reason to take the drastic step of giving up their U.S. citizenship, and the gridlock in Washington may push even greater numbers of people to run for the borders. Avoidance of taxes is what many think led Facebook...

U.S. Court dismisses class action bid against KBS REIT

July 29, 2012

A nontraded real estate investment trust that saw a sharp decrease in its valuation this year won a legal victory last Monday when a federal judge in Florida dismissed a potential class action against the REIT, KBS Real Estate Investment Trust...

Wells Real Estate nixes controversial charge

July 8, 2012

Wells Real Estate Funds Inc., one of the most prominent sponsors of nontraded real estate investment trusts, is taking a pass on charging clients a heavily criticized fee tied to changes in a REIT's management. REIT sponsors over the past 10...

BofA wields ax at U.S. Trust: Sources

June 19, 2012

Bank of America Corp., the second- biggest U.S. lender, eliminated some managers from a unit catering to wealthy families as it cuts costs, said two people with knowledge of the move. Executives who oversaw trust officers and private-client...

$3B nontraded REIT will post new valuation in August

June 17, 2012

Although a number of nontraded real estate investment trusts recently posted sharp decreases in valuations, one of the largest, the $3 billion CNL Lifestyle Properties Inc., will steer clear of such results, according to its chief executive,...

Nontraded REITs feel heat despite sales

June 17, 2012

Although the $84 billion nontraded-REIT industry continues to post booming sales, some product sponsors, both large and small, recently have shown signs of stress. Increased legal scrutiny over valuations, the desire to keep costs down and market...

Glimmer of hope in real estate sector sparks handicapping of early leaders

June 3, 2012

As economists and data wonks debate whether the U.S. housing market is at or near its bottom and heading into a recovery phase, this might be a good time to focus on some early leaders in the real estate sector. For example, there is nothing...

Planning ahead for digital remains

June 3, 2012

The practice of protecting assets is reaching into the digital domain, with many estate-planning lawyers helping clients make plans for their online property. Although many of these assets, such as online businesses, could be valuable, others,...

Gay spouses struggle to claim benefits

May 27, 2012

President Barack Obama's support for same-sex marriage hasn't made it any easier for gay spouses to claim their partners' retirement benefits or to continue running a jointly owned business in the event of a partner's death. Careful estate and...

'Targets on their back,' wealthy turning to trusts

May 23, 2012

Executive-liability insurance is often the first line of financial defense for executives and directors caught up in litigation such as investor lawsuits. For others without such coverage, asset-protection trusts are the way many insulate their...

SEC probes giant private REIT

May 13, 2012

The Securities and Exchange Commission's probe into Inland American Real Estate Trust Inc., the largest nontraded real estate investment trust in the industry, is another cause for concern for the $84 billion private REIT business, which has...

Dunned Yankee: U.S. sues Steinbrenner over trust tax refund

December 28, 2011

New York Yankees co-owner and managing partner Harold Steinbrenner was sued by the U.S. Justice Department over an “erroneous” $670,494 tax refund he received in 2009. The complaint, filed Dec. 27 in Tampa, Florida federal court, seeks to...

GRAT pack would get smacked by Obama plan

March 9, 2011

Anita Sarafa, a managing director for JPMorgan Chase & Co. Private Bank, helped a client give more than $300,000 to his parents free of gift taxes, using an estate strategy the Obama administration is seeking to limit. Grantor retained annuity...

Adviser who led double life gets 17 years for $20M fraud

March 24, 2010

A federal judge has sentenced a Massachusetts adviser to more than 17 years in prison for committing a fraud that netted him more than $20 million from the descendants of a 19th-century industrialist and using the money on personal extravagances,...

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