More On Tax Planningfrom The Advisor's Professional Library
- Annuities: Estate Tax The value of certain types of annuities may be included in an estate’s value. Understanding the intricacies of these inclusions is a critically important aspect of estate planning.
- Health Insurance: Health and Medical Savings Accounts A Health Savings Account is a trust created exclusively for the purpose of paying qualified medical expenses of an account beneficiary. Although they are popular, they are not without their pitfalls and the regulations can be complicated. Learn more about how to avoid federal taxation on the accumulation and distributions of HSA.
For tax reasons and altruistic ones, in this holiday season many of your clients may be thinking about and actually engaging in philanthropy. The challenge for advisors is multipronged: How can you encourage and steer your clients’ charitable giving so that it benefits those clients and the recipients of their largesse while forging stronger ties with those clients and helping them avoid charitable missteps?
In our Year-End Philanthropy Special Report throughout the month of December, AdvisorOne’s editors will be presenting fresh content in the form of articles, videos, slideshows, free online tools and philanthropy best practices reporting to help you accomplish those goals. We will cover the latest news and research findings on donor advised funds, private foundations and smart tax planning, leavened with what some high-profile HNW individuals have and are accomplishing with their own charitable endeavors. All of this content can be found on our Year-End Philanthropy Special Report home page, and we’ll be sending readers a weekly e-newsletter containing the latest reporting.
In addition to suggestions from experts on how and what to give, we’ll also provide some cautionary tales on what your clients shouldn’t do in the philanthropy arena, and continue to follow the fight in Washington over whether the charitable tax deduction should be reduced or eliminated.
We invite you to check in throughout the month to read and view the latest content on our Year-End Philanthropy Special Report home page, and feel free to contact me on share your experience on how you incorporate philanthropy into your practices. I promise to share your best ideas with other AdvisorOne readers throughout the month.