Estate Planning

Displaying 43 results

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Britney Spears’ struggle for independence puts a spotlight on conservatorships

The pop superstar's plea to end her 13-year conservatorship raises questions around its validity and prompts experts to rethink the whole system.

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Britney Spears’ fight for financial freedom holds lessons for advisers

The controversy over the pop star's right to control her wealth and health has sparked the #FreeBritney movement, created by her fanbase to raise awareness of the fight to release Spears from a 13-year conservatorship.

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Beware the sleight of hand in ProPublica’s pitch to tax the wealthy

A sensational report arguing that the wealthy don't pay their fair share of income taxes starts to crumble when percentages are replaced with real money.

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Roth conversions may not pay off until age 90 for most

Tax-rate changes have minimal effect on the financial benefits of Roth conversions, Edward McQuarrie, professor emeritus at Santa Clara University, wrote in a recent paper. The most important factor is actually compounding.

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How charitable donations can replace the stretch IRA

The stretch strategy, which allowed beneficiaries to spend down inherited traditional IRA assets over the rest of their lives, all but disappeared with the passage in 2019 of the SECURE Act.

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IRS says RMD rules are coming ‘soon’

An IRS official tells a bar association gathering that the arrival of proposed regulations covering the SECURE Act's required minimum distribution provisions will be 'later than imminent but before eventually.'

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Special-needs planning is about much more than ABLE accounts and trusts

When it comes to special-needs planning, the answer is seldom easy. The decisions about whether a special-needs child would benefit from guardianship and conservatorship in adulthood and if so, who will be their guardian and oversee their trust, are important.

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The Gates divorce: Lessons for financial advisers

Advisers should note that no matter how stable a relationship may seem, contingencies should be baked into estate and financial plans in case of divorce, especially for wealthy clients, experts say.

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Biden tax rule would take billions from biggest fortunes at death

Ending the step-up in basis and raising the capital gains tax rate would amount to the biggest curb on dynastic wealth in decades.

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More money, more problems: What to do if your client wins Powerball

Four years ago, a financial adviser got a call from a prospect who did not want to disclose any information over the phone. At the in-person meeting, the woman and her husband told the adviser that she had won a $1.2 million jackpot.

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Bob Dylan’s tax planning could be tangled up in … green?

The Nobel Prize-winning musician may have sold his song collection, but 'Don’t Think Twice, It’s Alright,' because it’s a good year-end tax strategy

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Tax planning moves to end the year right

Here are some strategies for clients eager to lock in tax-efficient financial decisions before year-end

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Estate tax strategies heading into the election

A new administration could mean estate tax changes happen sooner than expected

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401(k) plans should allow cross selling: Report

Hearts & Wallets report finds participants want advice that their employer-sponsored plans simply can't provide

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A better alternative to withdrawal rights in trusts for children

Such rights can undermine protection from creditors, which is an important benefit of leaving assets in trust

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Gifting in uncertain markets

In a volatile market, clients can give assets that are undervalued as a result of market instability, but are expected to appreciate in value

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Pass it along

Wealth transfer isn’t just for the well-heeled anymore as business owners and families of wide-ranging income levels embrace the latest strategies to keep intergenerational assets in the family — and out of the hands of the IRS

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Tax planning is a hot topic amid a pandemic and a looming election

Most advisers expect tax rates to go up, but opinions vary on how and when to plan for it

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Crisis can be a catalyst to clarify goals, create sustainable impact

While charitable giving will remain an ongoing need, now is also the time for more robust legacy and generational wealth transfer planning

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Help clients make wise medical choices in light of COVID-19

Encourage your clients to complete or update their advance directives, including living wills and health care powers of attorney