Suddenly Wealthy: Helping Clients with Unexpected Inheritance

Posted by Rose Watson, JD, MSEL

May 27, 2015 at 1:30 PM

When your clients receive an unexpected inheritance, they could experience a variety of feelings. Some will have trepidation about managing large amounts of inherited money. Others may be dealing with feelings of grief at the loss of the individual who left them the money. There may even be guilt at benefiting from a loved one's death. These uncomfortable emotions can paralyze some beneficiaries with indecision and lead others to take premature, ill-considered action.

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Topics: Estate Planning

Naming an Executor: 4 Questions Your Clients Should Be Asking

Posted by Justin C. Duft, JD, CFP, MSFS, CLU, ChFC, CLTC

May 26, 2015 at 10:00 AM

It's common for spouses to name each other as executor of their wills. Considering the spouse is likely the person most familiar with the decedent's finances, this makes a lot of sense. But the surviving spouse then needs to name a new executor, and that responsibility often falls to an adult child.

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Topics: Estate Planning

Trends in Estate Planning: How Safe Are Irrevocable Trust Assets?

Posted by Justin C. Duft, JD, CFP, MSFS, CLU, ChFC, CLTC

May 20, 2015 at 1:30 PM

One goal of estate planning is minimizing income and estate taxes while transferring wealth to the next generation in the most efficient way possible. A trust is one method for achieving this goal. The irrevocable trust, in particular, is a popular option because it removes transferred property from the grantor's estate. But many of your clients may be asking, how safe are irrevocable trust assets?

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Topics: Estate Planning

All in the Family: Protecting Inheritances for Married Children

Posted by Rose Watson, JD, MSEL

May 19, 2015 at 10:00 AM

It's sad but true that a high percentage of marriages will end in divorce. And even if your clients aren't concerned about their own marriages, how many are worried about the financial fallout if their children's marriages were to end in divorce?

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Topics: Estate Planning

Best Practices for Financial Advisors: Proven Results

Posted by Angela Sarver

May 13, 2015 at 1:30 PM

Certain ideas, strategies, and procedures become best practices because other people's experiences and research have proven that they produce desired and reliable results. Applying such practices to your business is, therefore, likely to have a positive and measurable effect. With that in mind, I've collected some best practices for financial advisors to help you find greater success with the myriad roles you play in your firm.

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Topics: Practice Management

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