From the October 2009 issue of Investment Advisor • Subscribe!

Getting Estate Planning Help

Sidebar to the feature article "Wealth Matters"

More On Tax Planning

from The Advisor's Professional Library
  • IRAs: In General Individual Retirement Accounts are highly popular tools for contributing funds that grow on a tax deferred basis. Depending on the type of IRA, the accumulation can be tax free.
  • Annuities: Variable Annuities Annuities are hot. The tax rules vary with the circumstances. Advisors must be aware of these intricacies when discussing annuities with clients.

The next few years will be a challenging time for advisors to stay current in creating, monitoring, and modifying clients' estate plans. Trusts, tax, and estates lawyer John Scroggin makes the following suggestions on how advisors can stay up to speed:

o Find and join a local estate planning council; get started by using the convenient search tool on the National Association of Estate Planning Councils at

o Join or create an estate planning study group

o Build a relationship with a bank trust department that allows advisors to remain involved (you can find such departments using the Association of Independent Trust Companies' site at, or view Investment Advisor's listing of trust companies that welcome advisors found under the Directories tab at

o Contact members of your

State bar association's estate and probate section

State CPA society's estate section

o Find top local estate attorneys at:;;

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