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Understanding the Elegant Math Behind Modern Machine Learning 1:14:43

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1:14:43

Artificial intelligence is evolving at an unprecedented pace—what does that mean for the future of technology, venture capital, business, and even our understanding of ourselves? Award-winning journalist and writer Anil Ananthaswamy joins us for our latest episode to discuss his latest book Why Machines Learn: The Elegant Math Behind Modern AI . Anil helps us explore the journey and many breakthroughs that have propelled machine learning from simple perceptrons to the sophisticated algorithms shaping today’s AI revolution, powering GPT and other models. The discussion aims to demystify some of the underlying math that powers modern machine learning to help everyone grasp this technology impacting our lives, even if your last math class was in high school. Anil walks us through the power of scaling laws, the shift from training to inference optimization, and the debate among AI’s pioneers about the road to AGI—should we be concerned, or are we still missing key pieces of the puzzle? The conversation also delves into AI’s philosophical implications—could understanding how machines learn help us better understand ourselves? And what challenges remain before AI systems can truly operate with agency? If you enjoy this episode, please subscribe and leave us a review on your favorite podcast platform. Sign up for our newsletter at techsurgepodcast.com for exclusive insights and updates on upcoming TechSurge Live Summits. Links: Read Why Machines Learn, Anil’s latest book on the math behind AI https://www.amazon.com/Why-Machines-Learn-Elegant-Behind/dp/0593185749 Learn more about Anil Ananthaswamy’s work and writing https://anilananthaswamy.com/ Watch Anil Ananthaswamy’s TED Talk on AI and intelligence https://www.ted.com/speakers/anil_ananthaswamy Discover the MIT Knight Science Journalism Fellowship that shaped Anil’s AI research https://ksj.mit.edu/ Understand the Perceptron, the foundation of neural networks https://en.wikipedia.org/wiki/Perceptron Read about the Perceptron Convergence Theorem and its significance https://www.nature.com/articles/323533a0…

Legacy Planning, Once Removed « »
Trusts

hace 2 años 10:05

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Contenido proporcionado por McGuireWoods. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente McGuireWoods o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Steve Murphy, chair of the private wealth services group, discusses four potential benefits of a trust structure and ways to balance potential concerns for your estate plan through simplicity and flexibility, on the one hand, or structure and certainty, on the other. He addresses the question of when you should have a gift or bequest held in a long-term, irrevocable trust for a beneficiary.

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36 episodios

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Trusts

Legacy Planning, Once Removed

published hace 2 años

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MP3•Episodio en casa

Contenido proporcionado por McGuireWoods. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente McGuireWoods o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Steve Murphy, chair of the private wealth services group, discusses four potential benefits of a trust structure and ways to balance potential concerns for your estate plan through simplicity and flexibility, on the one hand, or structure and certainty, on the other. He addresses the question of when you should have a gift or bequest held in a long-term, irrevocable trust for a beneficiary.

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36 episodios

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1
Terminating the Unwanted Trust 17:42

hace 6 weeks17:42

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17:42

An estate plan often involves establishing an irrevocable trust for certain beneficiaries. But when circumstances change, clients wonder if the benefits no longer justify the costs of keeping the assets in a trust. Before moving to terminate a trust, however, parties should consider carefully whether the purposes of the trust would best be served through termination, if termination is permitted, what might be some available alternatives and how to move forward to make sure all parties are informed and protected. This episode explores potential options and pitfalls for terminating a trust, including adverse tax issues, and lays out some options as parties consider the future.…

1
Talking With Family About Your Estate Plan — More Lessons From Warren Buffett 12:05

hace 11 weeks12:05

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12:05

Many clients ask whether and when to share the estate plan with beneficiaries. Even after a client’s death, during the administration of an estate or trust, executors and trustees often ask the same questions about how much to share with beneficiaries. Communicating this estate plan can have important practical, moral and legal benefits in making sure the plan is carried out in the right way while fostering family unity and reducing tension or disagreement. In this episode, Steve draws on the lessons from Warren Buffett’s 2024 letter to the shareholders of Berkshire Hathaway in which Buffett provides wisdom on the question of sharing the estate plan with beneficiaries.…

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Facilitating Productive and Healthy Beneficiaries: The Beneficiary Well-Being Trust 13:42

hace 12 weeks13:42

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13:42

On this podcast, Steve often explores ways to establish and administer trusts to facilitate productive and healthy beneficiaries. This episode explores a particular structure to further this goal: a “beneficiary well-being trust,” now authorized under Delaware law. A beneficiary well-being trust authorizes, and could require, the trustee to provide programs for the beneficiary regarding any number of subjects, including financial literacy, investments, mental health, and family history and legacy. The episode also delves into ways trusts can serve these important goals — now and after a settlor’s gift or the settlor’s passing.…

1
Inflation Adjustments for 2025 8:37

hace 14 weeks8:37

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8:37

There are many ways for a client to incorporate charitable giving into planning, during life and upon death. That charitable giving can be a significant part of the client’s legacy, and it can result in tax advantages. Many of the exemptions that apply for gift, estate and generation-skipping transfer tax are adjusted for inflation each year. In this episode, Murphy will review those exemptions and the adjustments for inflation in 2025 and discuss some strategies for efficient use of those exemptions in 2025.…

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Charitable Planning, Part 2: The Donor-Advised Fund 16:06

hace 18 weeks16:06

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16:06

There are many ways for a client to incorporate charitable giving into planning, during life and upon death. That charitable giving can be a significant part of the client’s legacy, and it can result in tax advantages. In a prior episode, Murphy discussed outright gifts and gift agreements. But some clients are not ready to decide which charities to benefit, nor when and how. For those clients, a donor-advised fund (DAF) might be a good option. In a DAF, the client transfers funds to a fund within a public charity, which might be part of a community foundation or financial institution. A DAF can offer flexibility and simplicity for the donor. But there are some limitations to a DAF that donors should keep in mind as they consider which charitable vehicle to use. On this episode, McGuireWoods attorney Hunter Glenn discusses the advantages and limitations of this popular strategy.…

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Generation-Skipping Planning: Steps to Take Now 12:09

hace 20 weeks12:09

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12:09

Many clients ask about generation-skipping planning, or dynastic planning – ways to benefit future generations in a tax-efficient way. This episode reminds listeners of the scheduled “sunset” of the GST tax exemption at the end of 2025 and steps to consider in light of those changes in the law. Donors, beneficiaries and trustees should take this opportunity to make sure all their records are complete regarding the GST tax status of any trusts. Steve recently wrote about these concepts in the ACTEC Law Journal and in a shorter essay in the journal Trusts & Estates. This information will be critical when needed, which might be years from now. Although this information might be hard to track down, it will only get more difficult to collect later.…

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Countdown to Sunset 2025: Planning in the Face of Scheduled Changes in the Law 17:51

hace 23 weeks17:51

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17:51

A significant change in tax law is scheduled to occur at the end of 2025: effective January 1, 2026, the estate, gift and generation-skipping transfer tax exemptions, currently $10 million per person (to be indexed for inflation), are scheduled to be cut in half, to $5 million (to be indexed for inflation). Starting in 2026, the ability for individuals to make tax-free gifts is scheduled to effectively be cut in half. Many clients are concerned about this scheduled change in the law, and they are considering whether and how to take advantage of current law while they can. This episode provides a brief summary of the scheduled change in the law, some potential solutions, and some disadvantages or pitfalls to keep in mind. As Steve summarizes, it is best to start that conversation now, well in advance of the 2025 deadline.…

1
Charitable Planning, Part 1: Outright Gifts and Gift Agreements 11:18

hace 25 weeks11:18

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11:18

Clients often ask about ways to incorporate charitable giving into their planning, during life and upon death. Charitable giving can be an important part of the client’s legacy and can have tax advantages as well. There are a number of strategies, but the simplest option is as an outright gift. But outright gifts might be simple to a fault — once the funds are in the charity’s hands, the donor might not have any ability to question the use of the funds, including if the charity dissolves. This episode explores the recent case of Derblom v. Archdiocese of Hartford that addressed a gift to a school that later closed. If the donor is concerned about use and oversight of the gift after it is made, a gift agreement can be a helpful tool. This episode provides some thoughts on how to use a gift agreement to carry out the donor’s wishes.…

1
Passing on Values and Life Skills: Lessons From Golf 19:26

hace 29 weeks19:26

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19:26

On this podcast, Steve talks about the best methods and structures to transfer wealth to ensure that the funds are used for their intended purposes. He also talks about ways to pass along values to beneficiaries or the next generation — values like hard work, humility, responsibility and respect. In this episode, Steve explores how golf (or activities like golf) can be a great environment for passing along those values.…

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Asset Protection: Protecting Assets from Creditors (and Predators) 11:52

hace 31 weeks11:52

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11:52

In this litigious and uncertain world, clients are increasingly concerned about asset protection — how to make sure assets are used for their intended purposes and for the benefit of the intended beneficiaries and not diverted to a creditor or other third party. Clients are not only concerned about formal creditors, they are also concerned about individuals who learn about the assets and seek to take advantage of the beneficiary. Trusts and gifts, if properly structured, can provide significant protections from these creditors and predators, while still providing for flexibility to the beneficiary.…

1
Substance Abuse and the Challenge of Trusts 14:50

hace 34 weeks14:50

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14:50

On this episode we talk about the potential advantages of transferring wealth, but also the potential pitfalls — and the terrible irony that transferring wealth in the wrong way, at the wrong times or for the wrong reasons can sometimes have negative consequences. In this episode, we explore the sad situation of a beneficiary who suffers from substance abuse. In this case, the donor may fear that a gift or trust might enable destructive behavior. But if structured in the right way in terms of access, control and flexibility, the trust could even facilitate treatment and recovery.…

1
What Is a Dynasty Trust, Perpetuities Trust or Generation-Skipping Trust? 13:24

hace 36 weeks13:24

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13:24

Many clients ask about a particular kind of trust called a “dynasty trust,” “perpetuities trust” or “generation-skipping trust.” There is no set way to draft these types of trusts — rather, these terms only emphasize the intent of the trust to benefit future generations. This episode discusses those trusts — or rather, their common features or elements, and how to incorporate these aspects into the terms of a trust related to access, control and flexibility. The episode also addresses options for funding and administering the trust for tax and nontax purposes.…

1
Expressing Goals and Intent for the Trust: The Trust Letter of Wishes 14:25

hace 38 weeks14:25

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14:25

On this podcast, Steve has emphasized that the estate plan is designed to carry out the intent of the testator or settlor. With that in mind, it is especially important for the client to communicate those wishes, so that the trustee, beneficiaries and other interested parties understand the settlor’s intent in situations that might arise, such as a beneficiary’s request for funds to purchase a home or for the beneficiary’s support or education. Sometimes the trust document is not the ideal place for the settlor to include more specific instructions — the language in the trust agreement often is complicated by legalese, or by tax and other practical considerations. Some clients prefer to communicate those wishes informally or rely on the trustee to make the right decision. But many clients would benefit from leaving a separate letter, sometimes called a “Trust Letter of Wishes,” that expresses the settlor’s intent in the settlor’s own words. This episode explores the Trust Letter of Wishes, walks through some important limitations and guiding principles for the letter, and offers suggestions on how to use such a letter to communicate the settlor’s intent.…

1
Naming Guardians for Minor Children 10:10

hace 40 weeks10:10

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10:10

For parents with young children, naming the guardian who will raise their children upon the parents’ passing can be one of the most important and foundational questions of an estate plan. And in fact, because this decision is so personal and important, many clients find it daunting — and as a result, they might delay making the decision, or even delay putting in place their estate plan altogether. This episode explores some common questions about the naming of a guardian and provides helpful tips for clients who are considering who to name and how to approach this important decision.…

1
Building Flexibility into the Estate Plan: the Power of Appointment 14:08

hace 42 weeks14:08

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14:08

On this podcast, we talk about the importance of flexibility in irrevocable trusts and estate planning. Once a trust is irrevocable, we can explore methods to modify that trust to address changed circumstances. But in the planning process, we can look ahead and build flexibility into the documents so that even after the testator’s passing, the plan can be updated in the future. One common method to build in flexibility is to give a person a power, called a “power of appointment,” that enables the person to change the terms of the trust and even the beneficiaries. This power can provide helpful flexibility. But as we explore in this episode, that power might give too much flexibility to that person, and the power should be carefully structured to ensure the client’s wishes are carried out.…

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