Media Mentions
2007
Domingo Such was featured as the Planner of the Month in the October 29 issue of Life Insurance Law Newsletter.
Domingo P. Such III, Private Client
Domingo Such answered a reader question in the "Advisors' Forum" section of the April issue of Worth magazine about succession planning with a family business. "Although in the past it was uncommon for parents to discuss testamentary plans, today it is becoming an accepted and proactive practice," Mr. Such said.
Domingo P. Such III, Family Business Consulting Services, Private Client
2006
Domingo Such was recognized in the December 2006 issue of Robb Robert Worth magazine as one of the top 100 estate planning attorneys in the United States.
Domingo P. Such III, Private Client
Domingo Such was quoted in the October 2006 issue of Worth magazine about how rising interest rates are changing the relative attractiveness of some popular trust structures. Domingo designed a 10-year QPRT for a client with a second home in Lake Tahoe a decade ago, another period when interest rates were high and real estate prices softer. "Real estate prices in that area have about doubled in that period," he said. Since the trust ended, "the kids have had the use of the house and the benefit of all that accumulated value," he added.
Domingo P. Such III, Private Client
Domingo Such was quoted in the July 20 issue of The Wall Street Journal about the tax implications for money sent overseas. "There should be no U.S. gift or income tax consequences if money is sent directly from a foreign person to a U.S. bank account," said Mr. Such.
Domingo P. Such III, Private Client, Tax
2005
Domingo Such was quoted in the Spring 2005 edition of Stages, in an article about how the current sunset provisions in tax laws may affect your financial plans and suggestions on how to be prepared. One suggestion is to be realistic about federal estate-tax changes. "In 2011, the applicable exclusion amount will go back down to $1 million and the top tax rate will rise to 55%," noted Mr. Such. He and other experts expect these rules to change again, although there are no guarantees.
Domingo P. Such III, Private Client, Tax
Domingo Such was quoted in the January 2005 issue of Worth magazine in regard to incentive trusts. Mr. Such commented that a way to add flexibility to an incentive trust, or any trust designed to benefit multiple generations, is to include a limited power of appointment that gives each generation some ability to amend the trust. This tactic gives beneficiaries the ability to adjust, for their own heirs, any of the original grantor's instructions, that may become outdated.
Domingo P. Such III, Private Client
2003
James Cundiff and Domingo Such were quoted in the November 5 issue of The Wall Street Journal regarding the effect of the Economic Growth & Tax Relief Reconciliation Act of 2001 which eased federal taxes on estates but also had the effect of reducing tax revenue to states. When state rules were more unified, moving to another state held "no estate tax advantage," Mr. Cundiff commented. Messrs. Cundiff and Such outlined the differences between states with the example that if you are living in Illinois with a $25 million estate, your heirs will likely pay $1.73 million more if you die in Illinois than if you moved to Florida in 2003; and the difference rises to a high of $2.6 million in 2004.
