Heather Zack, JD, LLM, CAP

Heather Zack, JD, LLM, CAP®, is an advanced planning consultant at Commonwealth Financial Network®, member FINRA/SIPC, a privately held RIA–independent broker/dealer. 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 earned her LLM in taxation with a focus on estate planning from Boston University, and she is currently pursuing her master’s in financial planning at Bentley 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

The SmartIRA™—An Easy Way to Name a Trust as an IRA Beneficiary

Case Study Series: Unlocking Value in Specialty Assets Through Charitable Giving

Navigating the Net Unrealized Appreciation Tax Strategy

How to Talk About Philanthropy with Your Clients

Understanding the Capital Gains Tax: A Case Study

The SmartIRA™—An Easy Way to Name a Trust as an IRA Beneficiary

Posted by Heather Zack, JD, LLM, CAP

January 9, 2018 at 10:00 AM

Beneficiary designations are vital in executing a client’s estate plan, and an advisor’s understanding of all the beneficiary options available is equally as important. When a client names his or her spouse or children as beneficiaries of an IRA, most advisors are comfortable with the options those beneficiaries will have when it comes time for them to receive assets and take required minimum distributions (RMDs). Things become far less clear, however, when a client wants to break from the norm and use a more complex beneficiary designation—particularly naming a trust as an IRA beneficiary.

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Topics: Estate Planning

Case Study Series: Unlocking Value in Specialty Assets Through Charitable Giving

Posted by Heather Zack, JD, LLM, CAP

June 27, 2017 at 10:00 AM

Today's post is the third in our case study series, showcasing the many creative solutions you can take when you’ve landed clients with complex planning issues. Here, we’ll explore strategies for unlocking value in specialty assets through charitable giving.

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Topics: Estate Planning

Navigating the Net Unrealized Appreciation Tax Strategy

Posted by Heather Zack, JD, LLM, CAP

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, LLM, CAP

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, LLM, CAP

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

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