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

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

Are You Reviewing the Pros and Cons to the POA Decision with Clients?

Benefit or Backfire: Navigating the Irrevocable Medicaid Trust

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

Are You Reviewing the Pros and Cons to the POA Decision with Clients?

Posted by David Haughton, JD

October 23, 2018 at 10:00 AM

A power of attorney (POA) is a document that designates an agent or attorney-in-fact to act on your client’s behalf regarding his or her financial affairs. Without a valid financial POA, a person’s loved ones would need to seek court approval for the authority to make any decisions involving the accounts. Although it seems like an obvious solution, there are both pros and cons to the POA decision, and it’s your job, as the trusted financial advisor, to help your clients determine the best solution for them.

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Topics: Estate Planning

Benefit or Backfire: Navigating the Irrevocable Medicaid Trust

Posted by David Haughton, JD

July 10, 2018 at 10:00 AM

Establishing an irrevocable Medicaid trust can help protect assets from liquidation when the need for an extended nursing home stay arises. When this strategy works, a loved one’s admission to a long-term care facility does not result in a substantial spend-down of investments, and wealth can be preserved and transferred to the next generation. But a strategy involving placing assets into an irrevocable arrangement should not be entered into lightly, especially if there are viable alternative protection strategies available.

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Topics: Financial Planning

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