Estate Planning with Intentionally Defective Grantor Trusts

Posted by Whitney Drechsler, JD

January 18, 2017 at 1:30 PM

Estate planning with intentionally defective grantor trusts (IDGTs)—despite the name—has many advantages. In fact, this well-established technique isn’t defective at all; the term “defective” describes the effect of income taxation rules on these instruments. Here, we’ll discuss the ins and outs of IDGTs, including how they can be very tax “effective” for estate tax purposes.

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Topics: Estate Planning

5 Steps for Successful Family Wealth Planning

Posted by Rose Watson, JD, MSEL

January 17, 2017 at 10:00 AM

Family wealth planning isn’t just about helping one generation build as much wealth as possible to pass on to the next generation. An effective process also helps prepare heirs to manage and preserve those assets into the future. But how can you help your clients address all of these matters in an intelligent way? Our five steps for successful family wealth planning can help.

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Topics: Estate Planning

Are Your Clients Making These Estate Planning Mistakes? [SlideShare]

Posted by Rose Watson, JD, MSEL

November 30, 2016 at 1:30 PM

One client has an estate plan with an unfunded trust. Another has no idea what her beneficiary designations are. These are just two examples of estate planning mistakes that can lead to unexpected tax consequences or even asset transfers to the wrong individuals. How can you help?

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Topics: Estate Planning

What You Need to Know About Gift and Estate Taxes

Posted by Olivia Zaiya, JD

September 7, 2016 at 1:30 PM

Despite the increase in the federal estate tax exemption amount, estate and gift tax management remains an important aspect of planning for your clients. On top of federal taxes, 20 states impose their own estate or inheritance tax. Strategic lifetime gifting can be an effective way to alleviate the estate tax, helping clients pass the maximum amount of money to their beneficiaries—who may eventually need your assistance managing those funds. Strategic gifting can also help clients efficiently transfer appreciating assets, such as the family business, or benefit grandchildren with 529 education plans, while accomplishing estate tax planning goals.

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Topics: Estate 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

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