David Haughton, JD

David Haughton is an advanced planning consultant at Commonwealth Financial Network®, Member FINRA/SIPC, the nation’s largest privately held Registered Investment Adviser–independent broker/dealer. With the firm since March 2018, David provides estate, trust, charitable, education, business, and social security planning support to advisors. He graduated with a BA from the University of Massachusetts and earned his JD at the Massachusetts School of Law. He is admitted to the Massachusetts and New Hampshire bar, as well as the U.S. District Court, District of Massachusetts, and the U.S. District Court, Court of New Hampshire.

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

Recent Posts

What Your Clients Need to Know About Debt Management

Are Your Clients Liable for Spousal Debt?

A Spotlight on State Estate Taxes: Strategies to Avoid Exposure

Last Will and Testament: The Key to a Comprehensive Estate Plan

Managing Your Clients’ Tax Liability? Focus on 4 TCJA Changes

What Your Clients Need to Know About Debt Management

Posted by David Haughton, JD

January 14, 2020 at 10:00 AM

Helping your clients use debt wisely goes hand in hand with budget planning. While many think the term debt carries a negative connotation, not all forms of debt should be viewed with disfavor. For some, debt is a necessary piece of their financial picture, and it can be used to help obtain an education, purchase a home, or establish a business.

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Topics: Financial Planning

Are Your Clients Liable for Spousal Debt?

Posted by David Haughton, JD

September 11, 2019 at 1:30 PM

“What’s yours is mine and what’s mine is yours” is a typical mantra of married couples. But when it comes to debt, that saying can be scary. Fortunately, the general rule is that spouses are not responsible for each other’s debts (in the legal sense, of course). Therefore, when agreeing to assume a liability, the borrower’s spouse can usually rest assured he or she will not be held responsible if the borrower is unable to meet his or her obligations.

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Topics: Financial Planning

A Spotlight on State Estate Taxes: Strategies to Avoid Exposure

Posted by David Haughton, JD

June 5, 2019 at 1:30 PM

In 2017, following the passage of the Tax Cuts and Jobs Act (TCJA), a dramatic step was taken to double the federal estate tax exemption amount. Today, individual estates valued at less than $11.4 million are not subject to taxation at a federal level. This new threshold means only a small fraction of estates will be subject to the federal estate tax upon death for the foreseeable future.

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Topics: Estate Planning

Last Will and Testament: The Key to a Comprehensive Estate Plan

Posted by David Haughton, JD

February 19, 2019 at 10:00 AM

In August 2018, Aretha Franklin passed away, leaving four children and an estate in the tens of millions of dollars. She did not, however, leave a last will and testament. This lack of planning has created the potential for legal conflict over settlement of her sizeable estate.

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Topics: Estate Planning

Managing Your Clients’ Tax Liability? Focus on 4 TCJA Changes

Posted by David Haughton, JD

October 24, 2018 at 1:30 PM

The passage of the Tax Cuts and Jobs Act (TCJA) on December 22, 2017, brought significant and abrupt changes to the tax code. The broad impact of these changes has yet to be fully realized, but it’s likely that just about everyone will be affected come tax season. As you work to help your clients pursue their financial aspirations, keeping a focus on managing your clients’ tax liability is essential. An understanding of the following four changes under the TCJA, as well as the opportunities they present, can help keep your clients’ planning strategies on track.

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Topics: Estate Planning

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