More On Tax Planningfrom The Advisor's Professional Library
- Taxation of Real Estate Real estate may be used to shelter income and may offer certain tax benefits. However, the type of real estate investment may result in different tax treatment. Learn how to use these investments to help your clients.
- 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 NAEPC.org
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 AITCO.net, or view Investment Advisor's listing of trust companies that welcome advisors found under the Directories tab at InvestmentAdvisor.com)
o Contact members of your
State bar association's estate and probate section
State CPA society's estate section