June 24, 2011

Janis Cowhey, Tax & Business Services Partner, Quoted in SmartMoney Article About "The New Rules of Estate Planning"

SmartMoney

By Glenn Ruffenach

Featured Janis Cowhey, Partner, Tax & Business

Related Services Modern Family & LGBT Services, Tax & Business

Janis Cowhey, Tax & Business Services Partner, Quoted in SmartMoney Article About "The New Rules of Estate Planning" Modern Family & LGBT Services

Excerpt:

In the article, Ms. McDonagh says the sudden ability to move as much as $5 million into such vehicles (and the fact that these trusts eventually could be curtailed, as the Obama administration is proposing) has clients lining up to draft dynasty paperwork. “They love the idea of having a Rockefeller-type trust without needing Rockefeller-type money,” she says. That said, dynasty trusts aren’t without hitches: They’re complex, pricey to set up and maintain, and can spark family disputes as beneficiaries multiply.

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Janis L. Cowhey

Janis L. Cowhey

Partner

  • Tax & Business
  • New York, NY