There are three big tax issues that can derail an otherwise well-executed estate plan. These include Family Limited Partnerships (FLPs), Revocable Trust Swap Powers and Trust Situs. Below we explore the pitfalls with each issue. Fixing FLPs Family Limited Partnerships (FLP) are often created to hold investments or business assets in order to leverage a…

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Baby boomers were taught to save for a rainy day. The younger generations? Not so much. Still, parents must realize that they are part of the problem – and the solution.

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We are pleased to welcome Kate Hikins, Ali Ikram and Daniel Eissmann to Cover & Rossiter. Kate Hikins joined Cover & Rossiter in July as a Senior Accountant in the Tax department. Previously, she worked as the Financial Reporting Supervisor at Boyer & Boyer, in the areas of financial reporting and taxation. Her clients included…

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