How to Discuss the College Cost-Benefit Calculus
How to help your clients put a college education and its enormous cost in perspective of their overall financial situation.
4 Ways to Protect Clients From Tax Refund ID Theft
The IRS has a backlog of nearly 650,000 unsolved identity theft cases, so for wealthy families and their advisors, preventive measures are especially important.
Risk Management for Homeowners Returning to the Coasts
If an affluent client wants to build a house in a flood zone, help them manage the risk before they build.
Tax Court Untangles NIIT Passive Activity Trap for Trusts
A recent Tax Court decision paves the way for new trust planning techniques for dealing with the new 3.8% tax on investment-type income.
4 Business-Friendly Options for Providing Clients With Health Care, LTC Services
Aging clients are challenging traditional advisory business models. Here’s how to better serve those clients while building a business that embraces technological and demographic developments.
Flat Fees or Fees on AUM, Take 4: The Sweet Smell of Success
The many comments on my last blog raise new questions, and suggest new answers, on which fee structure is better for clients and advisors.
Supreme Court Ponders Changing the Rules on Nonspousal Inherited IRAs
In June, the justices are expected to rule on whether nonspousal inherited IRA funds can be exposed to creditor claims in bankruptcy proceedings.
3 Steps Toward a Productive and Painless Tax Filing Season
On April 15, reminders you can provide to clients on how to safely make every tax season better and easier for all parties involved.
A ‘Creative’ Niche: Providing Tax, Financial Planning to Artists and Actors
Actors Miata Edoga in L.A. and Todd Thurston in New York teach their creative peers how to take charge of their financial lives.
Alternative to a Spousal Lifetime Access Trust: One-Way Buy-Sell Deal
A one-way buy-sell agreement can ensure that a business-owning client’s dual goals—spousal income security and an orderly business transition—can be met.