Latest news with #Haughton
Yahoo
29-05-2025
- General
- Yahoo
Stabbing takes place in Mass. General Hospital lobby in Boston
The Boston Police Department is investigating a stabbing that took place in the lobby of Massachusetts General Hospital. At about 8:32 a.m. on Thursday, officers responded to a report of a stabbing inside of Massachusetts General Hospital, according to a department spokesperson. The spokesperson said the stabbing took place in the vestibule of the lobby. When officers arrived, they found an adult who was suffering from a non-life-threatening stab wound. A suspect was identified and was taken into custody within the area of 90 Blossom St., the spokesperson said. No names were given for the victim or suspect. The victim was stabbed in one of the hospital's lobbies and was treated for minor injuries and was released, according to Massachusetts General Hospital. 'The hospital is safe, open, and operating normally,' an email from the hospital reads. 'We are grateful to our staff and Boston Police for their quick response in bringing this incident to a close.' The stabbing comes two days after a 46-year-old man stole a Boston Police officer's gun outside of Massachusetts General Hospital — firing it during a fight and injuring himself. Elvis Haughton was charged with assault and battery on a police officer, illegal possession of a firearm, possession of a class C substance and resisting arrest. During his appearance in court on Wednesday, a judge ordered Haughton to undergo a mental health evaluation. He was ordered held without bail until his dangerousness hearing on June 2. Boston Police ID suspect in connection with hospital lobby stabbing Giggity, giggity: 'Family Guy'-themed pop-up coming to Boston this summer New outdoor restaurant brings modern Asian creations, cocktails to Somerville Boston woman sentenced for identity theft in drug trafficking scheme Boston shooting suspect didn't get a court-appointed attorney — and you might not either Read the original article on MassLive.
Yahoo
28-05-2025
- Health
- Yahoo
Man officials say fired stolen gun outside Boston hospital to face charges
A 46-year-old Boston man is expected to face multiple charges after a gun was fired outside Massachusetts General Hospital Tuesday morning. Elvis Haughton was identified by officials as the man suspected of stealing a Boston Police officer's gun and fired it during a scuffle, injuring himself. He is expected to be arraigned Wednesday in BMC Central and will be charged with assault and battery on a police officer, illegal possession of a firearm, possession of a class C substance and resisting arrest. On Tuesday, officials said the man was suffering a mental health episode when he approached the officer, who was working a paid detail on Cambridge Street, and knocked the officer's hat off. Haughton was injured but expected to survive, according to Boston Police Commissioner Michael Cox. The officer, other officers also working the detail, and passing pedestrians together subdued the man and retrieved the gun, Cox said. 'We're very thankful that no one was seriously injured, that our officer is doing OK,' he said. Officers received a call to the area of 265 Cambridge St. just after 8:40 a.m., a Boston Police spokesperson said. The shooting drew a swarm of police to the bustling downtown street in Boston's West End, just outside the region's largest hospitals, during morning rush hour. Police cordoned off the street and were seen sweeping the ground for evidence an hour later. Information on the incident was limited as police launched an investigation, Cox said in Dorchester, where he, Mayor Michelle Wu and other officials had gathered for a planned 10 a.m. press conference on the city's public safety plan for the summer. The person 'attacked the officer in some way, shape or form, was able to get hold of the officer's firearm, discharged at least one round, injuring himself,' Cox said. 'The suspect took the officer's gun and ended up hurting himself, shooting himself with it.' Haughton appeared to have been minimally injured, according to James Borghesani, a spokesperson for Suffolk County District Attorney Kevin Hayden. No one else was injured. Authorities took the man to a local hospital for treatment. The district attorney's office pledged a 'thorough investigation.' It investigates all instances in which a police officer's weapon is fired, Borghesani said. Wu thanked police for their vigilance '24 hours a day' and said the incident spoke to the unpredictable nature of their job. 'As you can see by how we started off today, there's always something that pops up,' she said. 'The job of officers, whether they're officially on duty, or they're working a detail, or they are even just sometimes off duty with their families, is a constant call.' Legendary rock guitarist, Grammy-winning producer dies at 77 Should you keep the heat on in May? It's the law for some Mass. residents Mass. weather: Rain, thunderstorms return after sunny day Wednesday 2 lost hikers found in Mass. using cell phone tracking software GoFundMe raises money for Mass. family of 26-year-old who died in motorcycle crash Read the original article on MassLive.
Forbes
14-05-2025
- Business
- Forbes
Estate, Charitable Planning For Stock Options, RSUs, And Company Stock
For those who are fortunate enough to accumulate wealth, passing it along to future generations and donating it to charitable causes are important and laudable financial goals. However, you face a unique set of planning considerations if a large portion of your wealth comes from stock compensation: stock options, restricted stock, restricted stock units (RSUs), ESPPs, other types of equity awards, and holdings of company shares. A recent webinar that I moderated featured a trio of experts in this complex planning niche. In this article, I present some of the knowledge and insights they shared. Tax-law changes may be coming soon, as the Tax Cuts & Jobs Act (TCJA) is set to expire at the end of 2025 and Congress is working on a tax plan. However, the TCJA's provisions on the exemption amounts for estate tax and gift tax do not affect the core strategies in this type of planning. The strategies outlined below will persist whether the TCJA is extended or not. Webinar panelist David Haughton, Senior Corporate Counsel at started the webinar by going over the core legal tools involved in estate and charitable planning. Beyond your will, these include trusts and beneficiary designations. A revocable trust, also known as a living trust, acts as a bucket that you fill with your assets. It can help you avoid probate, among many other benefits. As it is revocable, it can be freely amended during your lifetime. By contrast, he went on, an irrevocable trust is a type of trust that can't be modified, amended, or revoked by the grantor once it has been created and funded. An irrevocable trust provides potential tax advantages and asset protection—but you have to be very certain about your decisions. Unlike a will, which does not take effect until you pass, a trust is active on the day of its creation. Assets that you can put into a trust include not only company stock but also equity grants, such as restricted stock units (RSUs) or nonqualified stock options (NQSOs), depending on the terms of your grant agreement and the company's stock plan, which could restrict your ability to transfer equity grants. Alert: Become familiar with limits specified in your stock grants on transferring stock options and unvested stock grants to trusts and for donations. Your company may generally allow transfers while you are living or only to certain types of family trusts. Any transfer does not change the timing of the tax treatment at exercise or vesting. The income will still be recognized by the executive or employee who received the grant. Another estate-planning tool Haughton discussed is the beneficiary designation, in which you leave assets to a beneficiary at death outside the probate process. For stock 'you set that up directly through a financial institution,' he explained. Often this is commonly done with 401(k) plans, IRAs, and brokerage accounts. Depending on the terms of your company's stock plan and procedures, you may be able to designate a beneficiary for your equity awards, such as RSUs or NQSOs. Alert: When you later receive the underlying shares from the RSU vesting, option exercise, or ESPP purchase, the account those shares go into at your brokerage firm will have its own separate forms for beneficiary designation. The beneficiary designations you may have designed for your stock grants do not then automatically apply to the actual shares you receive. The company's stock plan will have provisions dictating what happens to your outstanding equity awards if you die. For example, unvested stock options and RSUs may be forfeited. However, it's not uncommon for the grant agreement to instead allow vesting to continue or even to accelerate the vesting and, for options, extend the exercise period for vested options. Therefore, your heirs, executor, trustees, and beneficiaries need to be familiar with rules for each grant received. For gifting and wealth transfer during your lifetime, tax planning is a major issue, along with your personal cash needs. This was a topic discussed by webinar panelist Mani Mahadevan, the CEO of the firm Valur, a firm that offers resources and strategies on tax planning and estate planning. You can gift a certain amount to other people annually while you are living or at death before triggering gift and estate taxes, Mahadevan explained. In 2025, you may make annual gifts of up to $19,000 ($38,000 if made with a spouse) to any individual without either affecting a portion of your lifetime exemption or paying gift tax. Once you go over that yearly amount, your exemption for gift and estate tax is reduced. When the excess goes over your lifetime gift-tax exemption, you have to pay gift tax. The yearly amounts are indexed for inflation, and amounts over the exemption threshold are taxed at 40%. In 2018, the Tax Cuts & Jobs Act doubled the estate-tax exemption. In 2025, the exemption is $13.99 million for unmarried taxpayers and $27.98 million for married taxpayers. However, the TCJA is currently set to expire in after 2025. If Congress does not extend the tax law, the exemption could return in 2026 to the much lower levels that were in effect before the TCJA. Your state may also have rules on estate tax and inheritance tax to know. With gifts of assets, such as company stock, the tax basis and holding period carry forward. This lifetime gifting is a strategy for all income levels, including gifting shares to those that would have a lower tax rate than you do on capital gains when they sell the stock. Alert: Be familiar with the kiddie-tax rules before gifting shares to your children to then sell. Except for smaller gifts 'you want to gift to trusts rather than individuals,' Mahadevan emphasized. The benefits of giving to an irrevocable trust include advantages in estate tax and even income tax, some ongoing control over how the assets are used, asset protection, and privacy. 'You really want to focus on gifting assets that you expect to appreciate significantly,' Mahadevan continued. This is because at their current value they will use up less of your estate-tax exemption than they will in the future. 'If you gift them sooner, the appreciation happens outside of your estate.' Gift high-tax-basis assets, Mahadevan recommended, and keep low-basis assets. 'When you sell appreciated assets, how much are you going to owe in capital-gains taxes? That's entirely tied to the basis. You typically gift high-basis assets to a trust for your kids.' Why continue to hold the low-basis stock and not put it into an irrevocable trust? For the stock not in that type of trust, after you die your estate or beneficiaries receive a 'step-up' in the tax basis of the shares to the market value of the stock at the time of your death. Therefore, when the company shares are sold, the appreciation in the shares that occurred between your acquisition of the stock and your death would not be taxed to the estate or beneficiary for income-tax purposes. This results in less capital-gains tax for the company stock that appreciated before your death. On the other hand, if you gift those assets to your kids before you pass away, they won't receive a step-up in basis and will owe capital-gains tax on all the appreciation. 'This is a really powerful way for your heirs to inherit and sell appreciated assets and avoid capital-gains tax when they sell the stock,' Mahadevan observed. Webinar panelist John Nersesian, Head of Advisor Education for US Global Wealth Management at PIMCO, went through the many strategies and vehicles for making charitable donations of company stock that you hold. He emphasized first that donating stock held for at least one year is much more tax-efficient than selling the stock and then gifting the cash proceeds, as you get a tax deduction for the fair market value at the time of the stock donation. 'Appreciated investments are a very tax-efficient way to give,' he noted. 'You can avoid the capital gains that would otherwise be realized at the time of sale.' Alert: Donating and gifting company shares are dispositions under special holding-period rules for ISO stock and tax-qualified ESPP stock. The holding period is two years from grant and one year from exercise/purchase. Selling or transferring the stock before the holding period is met triggers a disqualifying disposition. Donation vehicles for company stock that Nersesian discussed include the following. A donor-advised fund (DAF), Nersesian explained, is a private account that you create to manage and distribute charitable donations. When you give to a DAF, such as donating company stock, that amount is eligible for the charitable deduction on your tax return without the need at that point (or perhaps ever) to pick the nonprofits receiving the funds. When you're making a very large donation of appreciated stock to a DAF (or to any charity directly), the tax deduction is limited to 30% of your adjusted gross income (AGI) per year, and you can carry forward what's not used on that year's tax return for five years. Appreciation within a DAF is not taxable. When you itemize deductions on Schedule A of your federal tax return, the DAF 'facilitates the bunching of deductions for maximum tax benefit.' Lastly, there are 'no wash-sale implications—the stock can be repurchased immediately to maintain exposure with higher cost basis.' A CRT is an irrevocable split-interest trust that provides an income stream to designated beneficiaries (donor, spouse, family member) for a defined period (maximum 20 years) or for life. The remaining assets are distributed to designated charities at the end of the term, including DAFs. 'CRTs are suitable for concentrated and highly appreciated assets, such as company stock,' asserted Nersesian. There are many tax benefits. You, the donor, receive a reduced income-tax deduction upon funding. You achieve diversification with deferral of capital-gain recognition and remove assets from your taxable estate. 'A CLT is an irrevocable trust funded with donor assets that provides an annual income stream to a charitable organization for a pre-determined term or life of donor,' Nersesian observed. There is no minimum or maximum. 'The remainder is distributed to the donor's family members or to other noncharitable designated beneficiaries at the end of the term.' Benefits include charitable cash flow and reduced inheritance taxes. Webinar panelist Mani Mahadevan of Valur continued with some strategies and vehicles for estate planning and wealth transfer. They included the following two specialized types of trusts for company stock, including ways in which founders of startups can use them for QSBS stock. 'Particularly if the company is publicly traded and therefore easy to value, consider gifting stock to a GRAT,' said Mahadevan. A GRAT freezes a portion of an estate's value while shifting asset appreciation to beneficiaries. The grantor gives up control of the assets for the term of the trust while receiving a regular annuity payment. At the conclusion of the GRAT term, remaining assets in the trust pass to heirs free of gift tax and estate tax. The trust can be structured so that the grantor does not use any of their lifetime exclusion for gift tax and estate tax. You can transfer any type of financial asset to a GRAT. 'GRATs are one of the most powerful estate-tax strategies, and they're very well suited for public stock positions and become more favorable as interest rates lower,' observed Mahadevan. This is, according to Mahadevan, 'the most common, complex, and potentially impactful estate-planning trust.' The IDGT is an irrevocable trust that removes assets from the grantor's estate but keeps the grantor as the income-tax owner. Therefore, trust assets avoid estate taxes on appreciation. The IDGT is popular, he continued, because of its overall estate-tax efficiency. It allows you to personally pay the trust's income taxes without using up your gift-tax exemption and allows the trust assets to grow tax-free outside your estate. 'If the stock is privately held, it should receive substantial valuation discounts relative to enterprise value.' Specifically, Mani continued, an IDGT is 'for people who expect to be significantly over the estate-tax-exemption amount and want to pass on assets to future generations.' The webinar in which these experts spoke is available on demand at the myStockOptions Webinar Channel. Other resources on gifts and donations, estate planning, and death taxes with equity awards and company stock are available at the website
Yahoo
27-02-2025
- Sport
- Yahoo
Haughton's Shaniya Perkins named Player of the Week
HAUGHTON, La. (KTAL/KMSS) — Haughton girls' basketball has been on fire this season, and a catalyst behind that is Shaniya Perkins. The junior put up stellar numbers in the Lady Bucs second round playoff victory over Destrehan. Perkins finished with 27 points and 13 rebounds in that win. While she's become a vital part of Haughton girls' hoops, her high school basketball career did not start on East McKinley Avenue. Parkway girls' hoops confident heading into quarterfinals against Denham Springs Perkins transferred to Haughton from a school in Alabama during October her freshman year. When she first transferred to Haughton, basketball was not her sole focus. 'I got an email from (Shaniya's) mom saying that they were coming at a certain date,' recalled Haughton girls' basketball head coach Jenna Bolin. '(The email explained) that she was 5'10' and a volleyball player but interested in playing basketball.' Since Perkins transferred after volleyball season ended, she only played basketball her freshman year. Local teams in LHSAA Girls' Basketball quarterfinals Despite being new to the Haughton community, the Lady Bucs welcomed her with open arms. 'I was able to adapt to a team that was easy to work with and they were talkative,' explained Perkins. 'They eased me into everything we were doing at practice. They would explain something to me I didn't understand.' As Shaniya continued to grow her talents on the hardwood, by the end of her sophomore year she realized that she really loves basketball and could see a future playing college basketball. Dakota Howard fueling Parkway girls' basketball; named Player of the Week The junior made the decision to only focus on excelling on the hardwood, and her progress is impressive. 'Anybody that has seen her from freshman year to now comments on how much better she's gotten,' Coach Bolin said. 'It's because she's worked hard, and she puts a lot of time into it. The big difference is her confidence. As her skills have grown, her confidence has too.' 'The seniors last year really talked me up,' added Perkins. 'It really helped me understand that I am needed, so I have to perform. I have to rise to this occasion or else this team will not get to where we want to be.' THE LATEST — High School Sports News If Perkins could go back in time, she would give strong words of encouragement to herself freshman year. 'Keep trying,' shared Perkins. 'It's not the end of the world because you had one bad day at practice. You have to keep on going and pushing because eventually you will get what you want out of the situation. If you don't push yourself, you will not get the results you want.' Perkins and the No. 4 Lady Bucs will get back on the hardwood on Thursday, February 27th at 6 p.m. when they host No. 5 Barbe in a quarterfinal matchup. Perkins will now be eligible for the Landers Dodge Player of the Year award, which comes with a $2,500 scholarship. The Player of the Year Banquet will be held in May 2025. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16-02-2025
- Sport
- Yahoo
Multiple local wrestlers crowned individual state champions
BOSSIER CITY, La. (KTAL/KMSS) — Seven wrestlers from the Shreveport-Bossier area were crowned individual state champions at the 2025 LHSAA Wrestling State Tournament. It is the first year of girls wrestling as a sanctioned sport in Louisiana. In the 120 weight class, Haughton's Natalie Davis was crowned a state champ. 'Four years putting in the work,' started Davis, 'Wrestling boys and girls, and traveling the country was finally worth it since we are now sanctioned. I'm just so happy that we got sanctioned before I graduated, and I was able to get this title.' History Made; Girls compete for state wrestling title for first time In the Girls' 132 weight class Benton's Audrina Wade took home the state title as a freshman. 'Before the match I was really nervous,' recalled Wade, 'Once we tied up, that's when I knew I got her and threw her down.' Benton not only produced a girl's state champ, but Cooper Reagan took home the state title in the Division I 175 weight class. It's something the senior has been dreaming of since his freshman year. 'I started (wrestling) when I was a freshman in high school,' explained Reagan. 'It's truly a blessing for me to be able to be here. I thank my coaches, and I thank God. I really wouldn't be here without them.' Kershaw looking for 1st state title after 2 runner up finishes In Division II, North Desoto's Dalton Compton and Chase Smart each walked away with their second consecutive individual state title. It means a lot to the pair of wrestlers to both be named back-to-back state champs. 'It feels good,' hared Compton. 'I said my freshman after I won my first one that I'm not done. I came back my sophomore year and won it again, still not done. Won it this year, my junior year, still not done. I need one more.' '(Chase and I) would push each other every day to get better in positions that we weren't that good in,' added Compton. 'I feel like that has helped me improve a lot.' 'Back-to-back with my brother means everything to me,' shared Smart. 'It's the last time I'm with him, the last match, the last tournament, it means everything.' THE LATEST — High School Sports News Jumping over to the Division III 132 weight class, Evangel's Jeremia Yearby won the state title. The junior lost in the semifinals last year, and that tough loss fueled his journey to becoming a state champion this year. 'I worked every day,' Yearby said. 'That loss in the semifinals kept me up all night. It made my stomach hurt every day. I'm glad I finally got the job done. I'm the first one in my family to win a state title. I'm glad I could put on for Shreveport.' More than one Evangel Eagle walked away as a state champ today. In the 150 weight class, Joseph Gilreath brought home his second consecutive state title. 'It's really hard to come out here for a second year in a row and win it because everybody is hungry and wants to beat you,' explained Gilreath. 'That's one thing that I took into account is that people are going to try and beat me. I didn't like the sound of that.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
