Stifel does not provide legal or tax advice to clients. No communication is intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal income tax laws. Investors should consider engaging the services of a professional estate planner, lawyer and/or tax advisor at both the onset of any transaction and on an ongoing basis to determine the laws and analyses applicable to their specific circumstances.