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Years ago, the owner of a small insurance firm that was about to change hands came to the law office where Jere Doyle was practicing at the time. The business owner “had the terms written down on a napkin,” Doyle, now an estate planning strategist with BNY Wealth, said, describing them as “like three bullet points.” After a year of complex negotiations involving the structure of the business entity and a letter of credit to finance the transaction, that napkin turned into “a closing binder that was probably three inches thick with all the documentation needed to close the deal,” Doyle…

Sen. Ron Wyden, D-Oregon, the top Democrat on the Senate Finance Committee, has written a letter to the new IRS commissioner, Billy Long, asking for information about whether the IRS has done any audits or investigations of Jeffrey Epstein’s tax planning work.The controversy over the convicted sex trafficker has dominated Washington in recent weeks, even though Epstein committed suicide in jail in 2019. Wyden pointed out that Epstein was paid hundreds of millions of dollars for tax planning, even though he wasn’t an accountant or tax attorney.”Epstein lacked any professional training or certifications in accounting or tax law, yet was chosen…

Superyachts in Port Hercules, Monaco.John Lamb | The Image Bank | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.American boat buyers and European shipyards are scrambling to assess the damage from the proposed U.S. 15% tariffs on European-made goods.With many of the world’s recreational boats and yachts made in Europe, and most of the biggest buyers in the U.S., industry experts are bracing for the fallout from President Donald Trump’s Monday tariff announcement.The European Boating…

U.S. President Donald Trump, U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., Dr. Mehmet Oz, Administrator for the Centers for Medicare & Medicaid Services, David Sacks, AI & Crypto Czar and Amy Gleason, Acting Administrator, Department of Government Efficiency (DOGE) attend the “Making Health Technology Great Again” event in the East Room at the White House in Washington, D.C., U.S., July 30, 2025. Evelyn Hockstein | ReutersPresident Donald Trump on Thursday said he asked major pharmaceutical companies to take steps to cut U.S. drug prices within the next 60 days.On Truth Social on Thursday, Trump posted individual…