This piece provides general information on the topic discussed and is not intended as a basis for decisions in specific situations. Nothing contained within this publication constitutes investment, legal, tax or other advice nor should it be relied upon in making a decision. Before making a decision it is recommended to seek the advice of an independent tax or legal consultant. Because of the complexities involved with developing tax planning strategies, experienced legal and tax counsel should be consulted before implementing a strategy.
UBS Financial Services and its affiliates do not provide legal or tax advice. Accordingly this material is not intended to be used, and cannot be used or relied upon, by any taxpayer for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party transaction or tax-related matter(s). Clients should consult with their legal and tax advisors regarding their personal circumstances.
As a firm providing wealth management services to clients, UBS Financial Services, Inc is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser and a broker-dealer, offering both investment advisory and brokerage services. Advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate contracts. It is important that you carefully read the agreements and disclosures UBS provides to you about the products or services offered. For more information, please visit our website at