Changes in both demographics and tax laws require a massive rethinking of estate planning strategies. Here are a few of the minefields that planners should avoid.
The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation.
While these documents may seem routine, advisors should check whether clients need to revise existing provisions. Here's what to look for.
The 99-year-old U.S. estate tax would disappear under a bill approved Wednesday by the House Ways and Means Committee.
With estate-tax exemptions higher than they used to be, other issues (like income tax) may now be more important for some clients. Here are several planning issues that deserve a rethink.
Trusts, a standard tool in the anti-estate tax arsenal, can range from simple to extremely complex. Here are a few options to work with.
Gearing up for tax season? Here are two things to consider when planning for your wealthy clients.
Why is inheritance planning so difficult? Fear of exclusion along with existing family dynamics can complicate the process -- and strain relationships.
The firm will offer advisors expanded trust services and support with multi-generational family planning.
With a wider gap in tax rates, moving reported income among family members could have a big payoff. Advisors should consider a few if these strategies.
Jim Casey of Integrated Wealth Management offers attendees of Schwab Impact guidance on navigating the complex and ever-changing landscape of financial planning for same-sex couples.
Tax law changes mean advisors need to consider all the potential outcomes when advising clients on donating required minimum distributions to charity.
How a planner can help keep unequal inheritances from tearing a family apart.
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Families that have advisors are far more likely to have a college savings plan in place, Fidelity study finds.
Merrill Lynch's expanding financial boot camp deepens relationships by helping wealthy clients ensure that the family fortune lasts beyond this generation and the next.
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Both parents and their adult children report they are more comfortable talking to a financial advisor than to one another about planning and wealth transfer issues. Use these 7 tips to boost your firm's offering.
Successful professional women often have specific concerns when it comes to their estates. Be sure you can help address them.
The Federal Housing Administration clamped down further on reverse mortgages, saying it will no longer insure a variant of the product featuring a fixed rate and a line of credit.
New rules up the ante on estate planning, making it imperative that planners change their tactics.
As advisors work with an increasingly older clientele, it's imperative they arm themselves and their clients with the right documents to prepare for the inevitable.