Understanding (and Landing) Entrepreneurs as Clients
A BMO Wealth Institute report says advisors need to understand entrepreneurs’ mentality and hold specific expertise to gain admission to these coveted clients’ “inner circle.”
The Split-Dollar Triple Tax Savings Package for HNW Clients
For high-net-worth clients, a split-dollar lending strategy can provide an effective method for transferring wealth while taking advantage of the tax preferences of life insurance and the low interest rate environment.
Gifting Life Insurance Policies: Not a Simple Matter
The transfer for value rule can create a serious tax trap for a client who transfers a life insurance policy subject to a policy loan.
IRS Greenlights ILIT Replacement Policies
The IRS has held that a grantor’s power to substitute a policy in an ILIT for another policy of equal value will not result in estate inclusion
Graegin Loans: Estate Liquidity Solution
Do you have a client whose eventual estate will have a severe shortage of cash due to a family business? Try a Graegin loan.
The Exemption to the Rule
The long-awaited Tax Relief Act of 2010 is providing an unprecedented opportunity through the end of 2012 for everyone—not just the ultra-wealthy—to benefit from short-term tax breaks impacting gifting and estate planning.
Appeals Court Greenlights Charitable Formula Clause
The 9th U.S. Circuit Court of Appeals recently upheld the validity of a charitable formula clause.
Strategies to create a lasting boomer legacy
Lee Pelko, 45, a Certified Financial Planner with Rodgers and Associates in Pennsylvania, and her husband Anthony, 48, are in the process of finalizing their...