Results for "trusts"

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Estate-tax flux could boost grantor trusts

February 5, 2017

With the federal estate tax in flux, advisers may want to consider planning strategies that afford some measure of flexibility. For example, there's the grantor trust, a common type of irrevocable trust. (More: What will the estate tax look...

Many wealthy Americans haven't planned for the transfer of their assets

January 31, 2017

Affluent Americans aren't doing much to prep the next generation to inherit their riches, creating a wealth of opportunity for financial advisers who can convince clients to focus on legacy planning. Even though about $4 trillion is set to be...

Advisers to start recommending ABLE plans to clients

June 29, 2016

Financial advisers who specialize in helping families care for children with special needs see the newly available ABLE investment accounts as an important savings vehicle for parents to provide day-to-day and long-term care of a disabled child....

Steering clear of estate food fights

May 15, 2016

The Los Angeles court ruling last week on the advanced health care directive of media mogul Sumner Redstone should serve as a reminder to all of us to plan ahead, especially financial advisers. Time catches up to everyone, and when your mind...

Prince's death sets off estate planning quagmire

April 22, 2016

The death of the virtuoso music artist Prince Thursday set off a countdown until the tax man takes a bite out of the star's estate. Relevant parties must determine just how big Uncle Sam's bite will be. In the case of a musical superstar like...

Planning implications of Obama's budget in one simple chart

February 12, 2016

In the fiscal 2017 budget proposal President Obama sent to lawmakers Tuesday, he revived some ideas that appeared in previous budgets, such as limiting the amount of money that can build up in tax-favored retirement accounts. Michael Kitces...

IRS rethinks rules for savings accounts to care for young people with disabilities

November 20, 2015

The tax-advantaged savings accounts that Congress approved late last year to cover costs of caring for young individuals with disabilities are a step closer to being available. The Internal Revenue Service on Friday issued changes to the proposed...

Dynasty trust planning: a tax-efficient way to manage wealthy families' assets

August 31, 2015

Wealthy families have been taking advantage of an extremely beneficial estate-planning tool that advisers should be aware of. It allows individuals to pass millions — and in some cases billions — of dollars to children, grandchildren and...

Could Bobbi Kristina Brown have been better protected by Whitney Houston's estate?

July 28, 2015

Pop star Whitney Houston could have done more to protect her now-deceased daughter Bobbi Kristina Brown if she had ever edited the will that she created while she was pregnant with her only child, estate planning lawyers said. Ms. Houston's...

Donald Trump's investment portfolio a messy hodgepodge: advisers

July 23, 2015

Presidential hopeful and real estate mogul Donald J. Trump's investment portfolio reveals a scattered approach to money management, with a collection of hedge funds, stocks and cash across brokerage accounts. A new 92-page report provides a...

Everything you need to know about setting up a private foundation

March 17, 2015

Tax season is always a good time to talk about charitable giving goals for the next year — and if those goals are large and long-term, clients might want to learn more about private foundations. Charitable giving has become a centerpiece of...

Why President Obama's estate tax proposal is a big deal

February 6, 2015

President Barack Obama whipped up the class warfare argument with his estate tax proposal in the State of the Union address. Let's explore the estate tax and the step-up in basis, and their influence on taxable investors. When a person dies,...

Feud over Robin Williams' estate highlights need for specificity in trusts

February 4, 2015

Robin Williams' estate plan is back in the headlines: This time, his beneficiaries are embroiled in a legal dispute over the interpretation of the late comedian's trust. Readers will remember InvestmentNews' August story on Mr. Williams' estate...

Meet the 529 ABLE account: A new way to save for disabled beneficiaries

February 2, 2015

Taxpayers caring for disabled children can look forward to a new savings vehicle that will help them cover certain expenses: The 529 ABLE account. But could it replace the tried-and-true special-needs trust? This new savings account was brought...

TD Ameritrade to branch out trust services in alliance with National Advisors Trust Co.

January 28, 2015

In an effort to help financial advisers hold onto clients' assets in the transfer of wealth from one generation to another, TD Ameritrade Institutional has created a new corporate trust unit. The Jersey City, N.J.-based custodian created the...

2014 stock market rally pays off for charitable giving

January 26, 2015

Last year's market gains were great for investors and even better for charitable organizations, as clients sought to mitigate the ill effects of capital gains taxes. The S&P 500 wrapped up 2014 with a gain of about 11%, continuing the recovery...

Secrets for successful withdrawal strategies in retirement

January 22, 2015

If your clients are seeking sustainable income in retirement, perhaps they need to become a little more flexible — at least in terms of their withdrawals. Variable withdrawal strategies — tactics that permit clients to adjust their spending...

Shocking NYC murder highlights need for estate planning contingencies

January 16, 2015

A recent murder case is bringing so-called “slayer statutes” into the limelight and making the case for planning for contingencies in the event a named beneficiary can't inherit. Readers may have been following the lurid story involving...

Bull's-eye: How gun trusts can hit the mark with clients' estate planning

January 14, 2015

When it comes to estate planning for clients with firearms, they could either be sitting on a gold mine or a landmine. Sales of firearms have been climbing. The number of background checks performed by the FBI's National Instant Criminal Background...

Recent Supreme Court case offers lessons for managing inherited IRAs

January 9, 2015

Assets held in IRA accounts totaled more than $7 trillion at the end of the second quarter of 2014, according to the latest available data. Based on our rapidly aging population and other factors, it's reasonable to assume significant and increasing...

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