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.

Read More

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)?

Read More

Topics: Estate Planning

Protecting Senior Clients from Elder Financial Abuse

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

August 10, 2016 at 1:30 PM

Working with elderly clients can present a unique set of challenges. For one, seniors are a major target for elder financial abuse and fraudulent schemes. For another, they have a different mind-set than that of younger generations. They are more fearful of risk, but also tend to be more trusting and, therefore, more susceptible to abuse.

Read More

Topics: Estate Planning

Changing Your Client's Irrevocable Trust: What Are the Options?

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

April 13, 2016 at 1:30 PM

Irrevocable trusts have a variety of uses and benefits—to help avoid estate taxes, create a legacy for future generations, or provide financial support for a disabled family. Whatever the purpose, grantors enjoy tremendous flexibility when designing an irrevocable trust. But once that trust is in place, the ability to adjust its direction is often limited by rigid rules. As a result, over time, a trust’s initial purpose may no longer align with the intentions of the grantor and/or the interests of the beneficiaries.

Read More

Topics: Estate Planning

3 Questions to Save Your Client’s Estate Plan

Posted by Rose Watson, JD, MSEL

April 12, 2016 at 10:00 AM

When clients come to your office to review their financial plans, including their plans for their estate, they may bring a general sense of what they want the plan to accomplish, a few outdated documents, and a belief that everything must be good for at least another five years. As a result, they often resist your efforts to check up on the health of their estate plan. Sound familiar?

Read More

Topics: Estate Planning

Commonwealth Business Review
5 Ways to Affiliate
The Independent Market Observer, Brad McMillan

Follow Us