Heather Zack, JD

Heather Zack, JD, is an advanced planning consultant at Commonwealth Financial Network®, member FINRA/SIPC, an independent broker/dealer–RIA. With the firm since June 2011, she is a resource for affiliated advisors on issues involving estate, charitable, tax, and education planning. Heather has a JD from the University of San Diego, with a concentration in corporate and securities law, and a BS in business administration from Endicott College. She is pursuing her LLM in taxation with a focus on estate planning at Boston University. She also holds her FINRA Series 7, 9, 10, and 63 securities registrations.

Information about securities-registered professionals may be found at FINRA BROKERCHECK.

Recent Posts

Navigating the Net Unrealized Appreciation Tax Strategy

How to Talk About Philanthropy with Your Clients

Understanding the Capital Gains Tax: A Case Study

Is a Corporate Trustee Right for Your Clients?

PATH Act of 2015: 5 Key Tax Provisions Your Clients Need to Know

Navigating the Net Unrealized Appreciation Tax Strategy

Posted by Heather Zack, JD

February 7, 2017 at 10:00 AM

As an advisor, part of your value proposition is educating your clients on financial planning strategies that they may be unfamiliar with but that could benefit their long-term financial picture. Occasionally, some of these strategies may also be foreign to you! One prime example is the net unrealized appreciation tax strategy (also known as NUA).

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Topics: Financial Planning

How to Talk About Philanthropy with Your Clients

Posted by Heather Zack, JD

October 12, 2016 at 1:30 PM

Aristotle once said, “To give away money is an easy matter and in any man's power. But to decide to whom to give it and how large and when, and for what purpose and how, is neither in every man's power nor an easy matter.” This sentiment may be especially true for many of your high-net-worth clients who would like to make a positive impact with their wealth. As their financial advisor, you have the potential to provide some much-needed guidance, especially if they’re willing to incorporate the philanthropic conversation into their financial planning discussions. But where do you start?

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Topics: Financial Planning

Understanding the Capital Gains Tax: A Case Study

Posted by Heather Zack, JD

October 11, 2016 at 10:00 AM

Capital gains play an important role in every advisor’s life—you are required to walk the tightrope between creating investment gains for clients and managing those gains in a tax-efficient manner. While you probably know the basics when it comes to understanding the capital gains tax (sale price – basis = capital gain [or loss]), you may not be familiar with the intricacies of the tax or how it interacts with the income tax.

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Topics: Financial Planning

Is a Corporate Trustee Right for Your Clients?

Posted by Heather Zack, JD

August 24, 2016 at 1:30 PM

Whether planning for continuity after a health crisis, providing for family, managing taxes, or retaining control over assets after death, trust planning is frequently part of working with high-net-worth clients. But every trust is different, and navigating the complex structures can be daunting. If you're looking to simplify the process while also growing your business, you may wonder, is a corporate trustee right for your clients (and your business)?

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Topics: Estate Planning

PATH Act of 2015: 5 Key Tax Provisions Your Clients Need to Know

Posted by Heather Zack, JD

February 9, 2016 at 10:00 AM

On Friday, December 18, 2015, President Obama signed the Consolidated Appropriations Act of 2016—which contains the Protecting Americans from Tax Hikes (PATH) Act of 2015—into law. As a result, several key tax provisions that had expired or were set to expire within the next two years are now permanent. Not only that, but many of these provisions were made retroactive for all of 2015.

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Topics: Financial Planning

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