Advisor Perspectives

SEPTEMBER 27, 2023

When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan.

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Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. At that point, many provisions will revert to 2017 levels, adjusted for inflation. For example, in 2017, the marginal tax brackets were 10%, 15%, 25%, 28%, 33%, 25%, and 39.6%.

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Harness Wealth

APRIL 16, 2025

The stakes became higher after the Tax Cuts and Jobs Act of 2017 eliminated recharacterizationthe ability to reverse conversions that did not work as planned. The Tax Cuts and Jobs Act of 2017 eliminated recharacterization, transforming Roth conversions into permanent decisions requiring thorough analysis before execution.

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Brown Advisory

NOVEMBER 1, 2019

This year, two factors will be important considerations in our year-end planning work: 1) current market dynamics (specifically, ongoing market volatility, low interest rates and a flat yield curve), and 2) the 2017 tax overhaul and our ongoing integration of new tax rules into clients’ long-term plans. Non-Taxable Gifts.

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Yardley Wealth Management

MARCH 1, 2022

Even with the 2017 Tax Cuts and Jobs Act tax code changes, tax breaks remain for the philanthropically minded. The taxable implications of estate planning are extensive, and best addressed with a financial planner and estate planning attorney. Good for you! You are charitably inclined.

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Yardley Wealth Management

MARCH 1, 2022

Even with the 2017 Tax Cuts and Jobs Act tax code changes, tax breaks remain for the philanthropically minded. The taxable implications of estate planning are extensive, and best addressed with a financial planner and estate planning attorney. Good for you! You are charitably inclined. .

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Harness Wealth

JUNE 30, 2023

In this article, we’ll dive into the many tax and financial considerations of buying and selling real estate, how real estate fits into estate planning, and the role that a wealth manager or financial planner can play in guiding your decision-making. and Financial Planning for Estate Planning.

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MainStreet Financial Planning

SEPTEMBER 29, 2022

I help my dad with his finances and pay his bills, but especially over the last couple of years, he has been increasingly forgetful and makes impulsive decisions that aren’t part of MY plan! Well, it used to be our plan, but he often doesn’t remember. This is a great reminder to take a breath and focus on communication.

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Trade Brains

JANUARY 24, 2024

The HNI population in India has grown at a Compound annual growth rate(CAGR) of 21% from 2017 to 2022. The company also provides holistic services like estate planning and succession planning without charging clients. There has been an increase in the amount of investments in the Equity Mutual fund, i.e. from 6.7%

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Harness Wealth

MARCH 11, 2024

It’s important to note that the Tax Cuts and Jobs Act of 2017 introduced a cap on SALT deductions, limiting the total deductible amount to $10,000 ($5,000 for married taxpayers filing separately). These taxes can include state and local property taxes, income taxes, and sales taxes.

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Brown Advisory

APRIL 1, 2020

These planning opportunities are driven primarily by four factors: Materially lower market values for publicly traded securities, and a likely downturn in valuations of real estate and other illiquid assets. Possible future increases in income and wealth transfer taxes, including the potential reversion of certain elements of the U.S.

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Brown Advisory

APRIL 1, 2020

These planning opportunities are driven primarily by four factors: Materially lower market values for publicly traded securities, and a likely downturn in valuations of real estate and other illiquid assets. Possible future increases in income and wealth transfer taxes, including the potential reversion of certain elements of the U.S.

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Yardley Wealth Management

JANUARY 4, 2022

In 2017, the SEC approved the role of trusted contact person as part of a FINRA Rule 4512 amendment. This makes sense, since you may inadvertently name a “bad” player … or others may be able to contest the POA you’ve established. Don’t wait until it’s too late. Trusted Contact Person(s) The Basics.

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Yardley Wealth Management

JANUARY 4, 2022

In 2017, the SEC approved the role of trusted contact person as part of a FINRA Rule 4512 amendment. This makes sense, since you may inadvertently name a “bad” player … or others may be able to contest the POA you’ve established. Don’t wait until it’s too late. . Trusted Contact Person(s). The Basics.

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Brown Advisory

NOVEMBER 12, 2015

For example, the filing dates for reporting foreign gifts and foreign accounts will move from March 15 and June 30, respectively, to April 15 for tax years 2016 and beyond (to be clear, these deadlines won’t change this year, the changes take effect in 2017 for 2016 returns).

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Sara Grillo

JUNE 20, 2022

If you’re doing the work, you might find a couple of prospects that really make that year for you and you kinda take your foot off the gas and you slow down, and then by the time you ramp up, you’re already way too behind, but now, from the time that I left, I left in 2017.

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eMoney Advisor

NOVEMBER 10, 2022

That occasion marked an agreement with the IRS on a $156 million value on Prince’s real estate and recordings for the artist who died in April 2016—without a will. What can we learn from celebrity estate planning disasters like this? Such cautionary tales prove the value of proper planning. It turns out, plenty.

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Harness Wealth

JULY 29, 2024

covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. Now that the mid-point of 2024 has passed, we are faced with an environment where little has changed with respect to the wait-and-see posture of estate and wealth transfer planning. citizens and residents.

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Zajac Group

NOVEMBER 7, 2024

Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Are You in the Process of Building Your Estate Plan? And for those with equity compensation in the mix, some extra consideration is required.

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Harness Wealth

DECEMBER 8, 2022

The exclusion may reduce back to pre-2017 levels of $5M after 2025. Estate planning. The end of the year is a common time to take stock of your long term estate planning. An example of estate planning to preserve assets for beneficiaries to consider is utilizing a Grantor Retained Annuity Trust (GRAT).

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Brown Advisory

NOVEMBER 28, 2018

Our goal in year-end discussions is to ensure that client plans are updated as needed, based on changing external conditions as well as the client’s circumstances, so that we stay on track to deliver the long-term outcomes that each client seeks. The 2017 tax overhaul was broad in scope. THE NEW TAX LAW. Agreements signed by Dec.

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Nationwide Financial

MARCH 6, 2023

Informally fund nonqualified deferred compensation plans If the business has a nonqualified deferred compensation plan for key employees, it may make sense to informally fund that plan in 2023 to ensure the company has the cash flow to meet the future obligation. A few have already been mentioned.

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Carson Wealth

FEBRUARY 29, 2024

It’s a simple, human act – one that seems like it shouldn’t take too much planning to do it correctly. What do you need to consider about gifting as it relates to your overall estate plan? Let’s take a closer look at estate and gift taxes and how you can approach them with a financial planning mindset.

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eMoney Advisor

NOVEMBER 15, 2022

We’ll role-play an estate planning scenario to offer insight into how to apply counseling techniques in your practice. ” Greater Good Magazine , June, 2017. You can also register for our webinar on Thursday, December 1 at 2:00 p.m. ET: Candid Conversations: Helping Clients Prepare for the Death of a Loved One.

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Brown Advisory

OCTOBER 16, 2017

Family Wealth Transfer Options achen Mon, 10/16/2017 - 10:49 Families can use a variety of strategies to reduce their estate tax burden. By using various exemptions and exclusions, you can gift a certain amount of assets to your family members without triggering gift taxes, thereby reducing the size of your taxable estate.

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Brown Advisory

OCTOBER 16, 2017

Mon, 10/16/2017 - 10:49. Families can use a variety of strategies to reduce their estate tax burden. By using various exemptions and exclusions, you can gift a certain amount of assets to your family members without triggering gift taxes, thereby reducing the size of your taxable estate. Family Wealth Transfer Options.

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Brown Advisory

FEBRUARY 13, 2017

Uniting Around a Legacy: Generational Wealth Transfer achen Mon, 02/13/2017 - 14:02 Young investors face a critical set of decision points in their early years of independence. Our next priority was to ensure Sharon’s estate plan was in place and up to date.

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Brown Advisory

FEBRUARY 13, 2017

Mon, 02/13/2017 - 14:02. Our next priority was to ensure Sharon’s estate plan was in place and up to date. Uniting Around a Legacy: Generational Wealth Transfer. Young investors face a critical set of decision points in their early years of independence.

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Fortune Financial

FEBRUARY 4, 2024

The share of non-retirees who thought their retirement saving was on track was also below the shares who thought their saving was on track in 2017 through 2020.” Estate Planning: One benefit of most brokerage accounts is the stepped-up basis beneficiaries receive upon the account holder’s death.

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Sara Grillo

APRIL 10, 2023

James is the father of three energetic boys and 1 Bernadoodle: Oliver, Henry, William, and Louie; and husband to Anya Giles since 2017. Josh has over a decade of experience crafting, implementing, and monitoring financial plans for affluent households and small- to medium-sized businesses. They love to travel, bake, and swim.

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Carson Wealth

MARCH 6, 2025

Whats less common, but just as important, is outlining a specific plan for this transfer and updating it as circumstances change. If its been some time since you established your estate plan, you may want to think about giving it a review. How will this affect your overall plan? million.

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Brown Advisory

NOVEMBER 19, 2020

This may include outlining important values, philanthropic goals, next-generation education, wealth transfer planning, and sustainable and impact investing objectives. Revisit estate planning and charitable structures.

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Brown Advisory

SEPTEMBER 17, 2021

Gift/Estate/GST Tax. An acceleration to 2022 of the rollback of the gift/estate and GST lifetime exemptions from current levels (set in 2017) to the levels under prior law ($5 million exemption indexed for inflation starting in 2010). Corporate Income Tax. An increase of the top corporate tax rate from 21% to 26.5%.

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Harness Wealth

MARCH 13, 2023

However, the $1 million limit still applies to mortgages taken out before December 15, 2017. Harness Wealth is a platform that connects freelancers and small business owners with experienced financial experts who offer customized solutions for tax planning, investment management, and estate planning.

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Harness Wealth

JANUARY 28, 2025

The Tax Cuts and Jobs Act (TCJA) is a major tax reform law enacted in December 2017, which introduced widespread changes to both individual and corporate tax policies. Either way, its important to review and update estate plans regularly to align with changing tax laws and personal circumstances.

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Brown Advisory

NOVEMBER 19, 2016

While there will not be any firm proposals until 2017 at the earliest, we will be looking for and analyzing changes that may have an impact on our clients. Despite the political winds of the campaign, 2016 is shaping up to be a stable planning year, giving us room to focus on reviewing long-term goals vs. acting on policy deadlines.

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