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.
Avoiding the Generation-Skipping Transfer Tax on Life Insurance Proceeds
The Tax Facts experts answer questions about the generation-skipping transfer tax on payments of the proceeds of life insurance and annuity contracts.
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.
The Clock Is Ticking on GRATs
The current low interest rate environment may present a problem for many planning scenarios, but a grantor retained annuity trust can actually thrive in such an environment, at least for now.
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...