An Estate Planning Checklist for Advisors

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

April 2, 2019 at 10:00 AM

A plan to distribute wealth, just like a plan to accumulate it, must be tailored around your client's unique situation, goals, and needs. As the trusted advisor, you're well positioned to oversee all elements of your client's plan to help ensure the distribution of assets according to his or her wishes—and at the lowest possible cost. That involves a sometimes overwhelming amount of information and documents to keep track of, so what follows is an estate planning checklist to guide your conversations with clients and to help ensure that you've covered all the details in their plans.

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Topics: Financial Planning, Estate Planning

Estate Planning with Intentionally Defective Grantor Trusts

Posted by Whitney Drechsler, JD, LLM, CFP

March 27, 2019 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

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

Charitable Giving Solutions: A Guide to Differentiating Your Value

Posted by Heather Zack, JD, LLM, CAP

February 13, 2019 at 1:30 PM

A recent study by U.S. Trust, in partnership with The Philanthropic Initiative, found that more than half of high-net-worth investors believe their advisor should play an important role in their charitable giving efforts. But 61 percent of those investors also say they initiate the conversation, not their advisor. How can you change the dynamic and ensure that you’re actively helping your clients meet philanthropic goals? By expanding your knowledge of the more technical aspects of charitable giving solutions.

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Topics: Estate Planning

Conducting a POA Checkup: The Advisor’s Role

Posted by Anna Hays

December 5, 2018 at 1:30 PM

What do cars, doctors’ offices, and hair salons have in common? Each one reminds you when it’s time for a checkup. Powers of attorney (POAs), on the other hand, do not have dashboard lights, nor do they send texts. Conducting a POA checkup is generally up to the advisor, as clients don’t usually think to do so on their own.

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Topics: Estate Planning

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