Industry News and Helpful Hint eNewsletter

"Industry News, Helpful Hint, & Upcoming Events" eNewsletter

Jun 4, 2024

Trusts & Estates News

This week's Trust and Estate article is: "How To Avoid Faulty Advice On IRS Form 706 And The Portability Election"

(Excerpt from actual article):

There is an onerous issue plaguing the tax community. Some tax professionals have been advising their clients that filing the IRS Form 706 Estate (and Generation-Skipping Transfer) Tax Return is not necessary for a surviving spouse. The reality is filing the Form 706 is not only best practice. Failing to do so may be a case of malpractice.

You can read the article by clicking

HERE.

Last week's Trust & Estate article was: "The 11 U.S. Cities With the Most Millionaires"

You can read last week's eNewsletter by clicking HERE.

Helpful Hint

This week's Helpful Hint is:

"SEDOL Valuation Date Question"

We recently received an email from a client asking a SEDOL valuation date question. The valuation date was 12/25/2023 and the client expected the IRS Form 706 securities valuation to value the securities as of 12/22 and 12/26. In certain circumstances, our prices were from 12/27 because SEDOLs are issued by the LSE (London Stock Exchange). Christmas was 12/25 and Boxing Day was 12/26 and both of these days are LSE holidays. The next available price would be on 12/27 when the LSE re-opened after the holiday.

Last week's Helpful Hint was:

"Can you restore lost portfolios?"

You can read last week's eNewsletter by clicking HERE.

Weekly Financial Market Review

Our business resides at the intersection of trust & estate law as well as financial data reporting.

We make it easy for our clients to stay current on financial market news by making a weekly market recap available by clicking HERE.

Upcoming Events

(Subject to change - please monitor regularly)

Wed, Jun 19: We will be closed for the NASDAQ & NYSE Juneteenth holiday. All online services will be available.
Thu, Jun 20: (5:00p ET) System Maintenance - all online services will be unavailable with service being restored within a few hours.

Is there a better way to prepare your valuations?

Why don't you consider us for your stock and bond valuations for trusts & estates? Maybe there is a better way than how you are doing them now?

We've been providing these valuations since 1985 and have experience and insight. Our pricing universe contains millions of US and foreign securities with corresponding decades of history. We can speak with you to potentially identify ways to improve accuracy, productivity, and output.

Click HERE for a list of valuations we provide and how you can get them.

If you want to speak with us, please:

call: 201-784-8500 x111

email: customerservice@appraisenj.net

Are you the correct recipient of this eNewsletter?

Perhaps your coworker or colleague would benefit from the information contained in this eNewsletter. Please feel free to share it with them. They can then sign up for their own subscription by clicking on the link below.

You can 'Safely Unsubscribe' by clicking on the link at the bottom of this eNewsletter.

Thank you for subscribing and allowing us to serve you.

Evaluation Services, Inc.

180 OLD TAPPAN ROAD,

BUILDING 4, OLD TAPPAN, NJ 07675

(201) 784 8500

appraisenj.com