Whitney Drechsler, JD

Whitney Drechsler, JD, 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 August 2015, she assists affiliated advisors with financial planning for their clients, including estate planning, high-net-worth strategies, and charitable planning. Whitney earned her BBA in legal studies, with a minor in art history, from the University of Miami. She also attended Thomas Jefferson School of Law, where she earned her JD and LLM in international tax and financial services with a certification in wealth management.

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

Recent Posts

Beyond the Basics: Strategies for Multigenerational Planning

Trust Planning and IRAs: Helping Your Clients Safeguard Their Assets

Finding Planning Opportunities in Clients' Tax Returns: A Checklist

Tips to Help Minimize Your Clients' Tax Exposure

Estate Planning with Intentionally Defective Grantor Trusts

Beyond the Basics: Strategies for Multigenerational Planning

Posted by Whitney Drechsler, JD

April 24, 2018 at 10:00 AM

In the next 30 years, approximately $40 trillion will pass from the baby boomers to future generations. Given this sizable transfer of wealth, successful advisors must be equipped to counsel not only their existing clients, but also their clients’ children, grandchildren, and even parents. With this in mind, let’s take a closer look at strategies for multigenerational planning, plus how to go beyond the basics in meeting the financial goals of individuals across generations.

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Topics: Financial Planning

Trust Planning and IRAs: Helping Your Clients Safeguard Their Assets

Posted by Whitney Drechsler, JD

March 13, 2018 at 10:00 AM

The Supreme Court’s 2014 ruling in Clark v. Rameker (2014) had a rippling effect on the financial planning industry and the way advisors address IRA beneficiary designations. The ruling determined that inherited IRAs are not “retirement funds” under federal bankruptcy law, which means that, unlike with retirement accounts, these assets are accessible by potential creditors. This precedent-setting decision continues to have a meaningful effect on estate planning strategies for IRAs.

To guide you through this area of asset protection planning, I’ll discuss the impact this ruling has had on trust planning and IRAs, as well as how you can help your clients safeguard their assets and accomplish other estate planning objectives.

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Topics: Estate Planning

Finding Planning Opportunities in Clients' Tax Returns: A Checklist

Posted by Whitney Drechsler, JD

March 22, 2017 at 1:30 PM

At this time of the year, finding planning opportunities in clients' tax returns is a goal for many financial advisors. But it's also a chance to assess your clients' overall financial situation, plus add value to the client-advisor relationship.

This simple checklist below is designed to help you use the tax return as a road map for exploring future planning strategies. The goal? Learn about your clients' current situation—and how'd they'd like to see it evolve in the future.

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Topics: Financial Planning

Tips to Help Minimize Your Clients' Tax Exposure

Posted by Whitney Drechsler, JD

March 21, 2017 at 10:00 AM

It's that time of year when many of your clients want to discuss tax strategies. But as an advisor, finding ways to help minimize your clients' tax exposure doesn't happen just once a year. With that in mind, you can use the tips below to help reduce your clients' tax bill and—perhaps more importantimprove their overall financial outlook.

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Topics: Financial Planning

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

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