Joshua Rubenstein, National Chair of the firm’s Trusts and Estates Practice, offered tips in “The Wealth Report” on how the wealthy and tax-averse can prepare for President-elect Barack Obama’s possible tax increases. With the capital-gains rate about to go up, many are contemplating a sale of a business to exploit the current lower rate, and Mr. Rubenstein says “there could be a mad rush between election day and January to close some transactions.” (“Obama’s Tax Hikes: A Survival Guide for the Wealthy,” November 4, 2008)
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