By Asset Allocator Journal Staff
A recent ruling detailed by WealthManagement.com found that a $2 million bequest to a spouse failed to qualify as a QTIP trust because the required statutory language was not incorporated into the trust document. The U.S. Tax Court emphasized that taxpayer intent is not sufficient without compliance with Internal Revenue Code requirements. This decision underscores the importance of precise drafting in marital deduction trusts.
According to Advisor Perspectives, Bitcoin has traded above $100,000 for five consecutive weeks, buoyed by strong institutional demand and broader investor confidence. Ethereum also saw upward momentum, though smaller tokens remain volatile. Analysts note the growing role of spot ETFs and inflows from large financial firms in maintaining market resilience.
In an interview with WealthManagement.com, CFP Board CEO Kevin Keller discusses how financial planning is adapting to demographic, technological, and cultural changes. He notes that younger clients expect digital fluency and values-based planning, and firms must modernize to attract next-gen advisors. Keller also highlights AI’s supportive role in streamlining administrative tasks and enhancing client service.
BM Magazine relays the World Bank’s grim outlook that global growth is on track for its slowest decade since the 1960s. Structural drags such as aging populations, geopolitical rifts, and low investment are weighing down productivity. The report urges governments to prioritize fiscal discipline and infrastructure to avoid stagnation.
Advisor Perspectives reports that U.S. Treasury yields fell sharply after softer-than-expected May CPI data signaled easing inflation pressures. The core CPI rose only 0.2%, its lowest in months, prompting traders to increase bets on Federal Reserve rate cuts. The bond market responded with a notable rally across the curve.
Coverage from WealthManagement.com highlights discussions at the Wealth Management EDGE conference around the growing popularity of evergreen funds. These perpetual-capital vehicles are being embraced by asset managers for their structural flexibility and reduced fundraising cycles. Panelists noted particular traction among private market investors and RIAs seeking long-duration options.
Per BM Magazine, the UK government’s £14.2 billion funding boost for the Sizewell C nuclear project is expected to help energy security but will not reduce consumer bills for at least ten years. Critics have raised concerns over costs, delays, and the financing burden on taxpayers. Ministers defended the decision as essential for long-term decarbonization.
Advisor Perspectives outlines how U.S. equity analysts have responded favorably to the Biden administration’s new tariffs on Chinese goods, dubbed “liberation tariffs.” Several industrial and manufacturing firms received ratings upgrades on expectations of increased domestic production. Still, some economists warn of price pressures and retaliatory trade risks.
