GRAT Valuation Discounts Disappearing Soon
Clients have a short window to use valuation discounts for transfers of interest in family businesses under Treasury’s current rules.
5 Tips on Estate Planning to Avoid Common Pitfalls and Distress
As a financial advisor working with families on a regular basis, you may be the first to spot potential estate planning problems and address them before it is too late.
HSAs: The Retirement Savings Tool Most Clients Aren't Using (Yet)
Health savings accounts combine the tax advantages of 401(k)s and Roth IRAs, making them an effective way to save for health costs in retirement.
Top 5 Tips for Nonprofessional Trustees
Following these suggestions will help even nonprofessional trustees understand their responsibilities and avoid typical pitfalls.
Treasury Proposes to Close Estate and Gift Tax Loophole
The loophole primarily affects families' stakes in businesses, Rose Watson of Commonwealth Financial says.
Why So Many Wealthy Families Lose It All in 3 Generations, and How to Stop It
Coach and ex-psychologist Courtney Pullen tells ThinkAdvisor how he prevents wealthy families from going "shirtsleeves to shirtsleeves" in three generations.
17 Wealthy Families, Individuals Sign Gates-Buffett Giving Pledge
The pledge encourages billionaires to give the majority of their wealth to philanthropic causes.
How a Wealth Tax Could Reward Savvy Entrepreneurs and Wise Investors
Several economists argue that a wealth tax could redistribute wealth from the idle rich to the Musks and Buffetts who create wealth, Noah Smith writes.
Top 10 Tax, Estate Planning Issues for Same-Sex Couples
“Today, there are opportunities and protections within reach for same-sex couples that were unavailable during most of American history,” says lawyer John McManus.
Quiet Trusts Need Not Be Silent: The Delayed Notification Option
The option to delay notification to beneficiaries offers unique advantages, but clients should clearly understand the drawbacks of keeping a trust quiet.