Harness Wealth

JULY 31, 2025

These changes touch everything from estate planning to gig economy reporting—and they demand more than reactive form filing. The impending TCJA sunset in 2026 necessitates immediate planning , particularly for high-net-worth clients who may face significant changes in tax treatment, and estate planning options.

Taxes

Harness Wealth

AUGUST 13, 2025

This article explores how these enduring changes create exceptional opportunities for tax reduction across estate planning, business ownership, and real estate investment—and why timely implementation is crucial. Estate planning opportunities under the new legislation Estate planning is a major component of the OBBB.

Taxes

Harness Wealth

NOVEMBER 12, 2024

Frontloading 529 Contributions Contributions to 529 plans can also be frontloaded or “superfunded”, allowing you to make up to five years’ worth of contributions in a single year without incurring gift taxes. Review Your Estate Planning The end of the year can also be a practical time to take stock of your long-term estate planning.

Tax Planning

Wealth Management

AUGUST 8, 2025

LPL said it met its retention target of 90% of Commonwealth advisors and that it was pushing out its final integration timing to the fourth quarter of 2026. based independent broker/dealer, which has 3,000 advisors and $305 billion in assets. In the wake of the acquisition, Commonwealth has lost many advisors to rival broker/dealers.

Estate Planning

WiserAdvisor

JULY 4, 2025

Estate tax credits and gift tax exclusion Let’s talk estate planning for a moment. In 2025: The basic exclusion amount for federal estate tax is $13.99 Now is a good time to work with a financial advisor or estate attorney and revisit your estate planning strategies. e. million in 2024.

Taxes

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. For reference, the federal estate tax exemption limit is set to revert back to $5 million (or around $7 million when adjusted for inflation).

Planning

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.

Estate Planning

Harness Wealth

JANUARY 28, 2025

In the realm of estate planning, the Lifetime Gift and Estate Tax Exemption is set for a substantial decrease in 2026, reverting to approximately $7 millionunless Congress intervenes. These adjustments apply to income tax returns for the 2025 tax year, filed during tax season in 2026, as outlined by the IRS.

Taxes

WiserAdvisor

JULY 23, 2025

This creates uncertainty, especially when it comes to the estate planning process. Change can feel overwhelming when it affects your estate planning and taxes. If you have a large estate, this reduction could increase your estate tax exposure by quite a margin, depending on the size of the estate.

Taxes

Zajac Group

JULY 15, 2025

While provisions were set to end in 2026, the OBBBA makes permanent some of the previously established changes regarding tax brackets, standard deductions, and more. Prior to the OBBBA passing, the provisions below would have reset to their pre-TCJA levels (adjusted for inflation) on January 1, 2026.

Taxes

Wealth Management

JULY 11, 2025

Reaction of the Estate Planning Industry Amid this paradigm shift, estate planners and trust banks are choosing to “go crypto” or stay within traditional legal concepts and principles. in Q1 RIA Model Portfolio Assets Rose 5.5% in Q1 RIA Model Portfolio Assets Rose 5.5% Its introduction on a regional level is delayed to Jan.

Estate Planning

Dear Mr. Market

NOVEMBER 22, 2024

Has it been nearly a decade (or more) since you and your spouse updated your estate plan? If so, there’s a good chance your plan includes the classic “AB Trust” structure, which—prior to 2011—was the primary way for married couples to double the value of their federal estate tax exemptions.

Estate Planning

WiserAdvisor

JULY 29, 2025

It will revert to approximately $5 million (indexed for inflation to around $7 million) per person on January 1, 2026. Without a proactive estate plan, families may face avoidable tax burdens, increased complexity, and reduced control over how their wealth is passed on. What happens next remains uncertain.

Taxes

Harness Wealth

MAY 2, 2025

Read the full article Estate planning for founders: a roadmap for success From Reuters Founders and entrepreneurs face numerous challenges while building their companies, from choosing the right business entity to managing employees and protecting intellectual property. Schedule an introduction today.

Taxes

Nerd's Eye View

APRIL 5, 2023

In recent years, the Internal Revenue Code (IRC) has endured some drastic changes resulting from legislative action that have altered the strategies estate planning professionals have recommended to clients. Contrary to what their name might suggest, flexibility can even be built into irrevocable trusts.

Estate Planning

Abnormal Returns

JULY 3, 2023

beehiiv.com) A round-up of the past month's advisor-tech news including Vanilla's new "estate advisory" platform. kitces.com) Estate planning Four things to consider in anticipation of 2026. financial-planning.com) Wealth.com's Ester will help you read estate planning documents. (matts-newsletter-7a3f46.beehiiv.com)

Estate Planning

Abnormal Returns

MAY 8, 2023

kitces.com) How personality traits affect estate planning decisions. thinkadvisor.com) A number of tax provisions will sunset in 2026 including the lifetime exclusion amount. (advisorperspectives.com) Advisers need to recognize that clients have different conversational styles. investmentnews.com)

Wealth Management

Abnormal Returns

MAY 29, 2023

thereformedbroker.com) 2025 If nothing changes legislation-wise, there will be a run on estate planning going into 2025. 1, 2026 and becomes a big problem for reactive RIAs who fail to help clients take action now." Come meet the team in Austin on June 12-14th.

Wealth Management

Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. In 2026, this is all expected to change (again).

Taxes

Abnormal Returns

SEPTEMBER 30, 2024

kitces.com) Tax strategies if the TCJA expires in 2026. flowfp.com) Don't let the potential for estate law changes be an excuse to not do estate planning. (riabiz.com) Taxes How pre-tax retirement contributions provide flexibility down the road.

Financial Advice

Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. In 2026, this is all expected to change (again).

Taxes

Carson Wealth

DECEMBER 8, 2023

The potential supplemental estate tax liability for a married couple may be in the $5.6 Attorneys are telling us that 2024 is the time to review and change your estate plan as the lines may be out the door in 2025 for taxpayers wanting to make last minute changes to take advantage of the higher exemption amount.

Planning

Steve Sanduski

SEPTEMBER 17, 2024

On today’s show, Megan Gorman discusses how her firm meets the business challenges of serving high-net-worth families, including personalized services that address both the technical and emotional aspects of wealth, executing on client promises, tax and estate planning, and building a world-class team.

Financial Planning

Brown Advisory

NOVEMBER 1, 2019

Market conditions may be volatile, but our planning efforts are, as always, focused on stability and consistency. You can find our annual planning checklist at the end of this article. Accordingly, 2019 (which is seven years ahead of 2026) is the last tax year in which an OZ investment may qualify for the full 15% gain reduction.

Planning

Carson Wealth

SEPTEMBER 27, 2023

For individuals, a permanent life insurance plan can play a key role in estate planning by helping reduce estate taxes. Offset Taxes in Estate Planning Estate taxes can be a problem for high-net-worth individuals passing on more than the IRS estate tax exclusion, after which the tax rate on transferred money is 40%.

Estate Planning

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.

Estate Planning

WiserAdvisor

JUNE 6, 2023

However, given the high value of wealth, it becomes all the more critical for high-net-worth individuals to plan their finances optimally. Estate planning is one of the key components of financial planning these individuals need to focus on. and estate planning can help you discover these.

Estate Planning

Nationwide Financial

MARCH 6, 2023

Even if a client believes they would not be subject to estate or gift tax under current law, you may want to re-examine the value of their assets to determine whether they exceed a lower exemption amount. Tax season has begun, and it’s not too early to think about planning for the 2023 tax year.

Tax Planning

The Big Picture

JUNE 22, 2024

Income from the licensing deal with UMG for the rest of the world will similarly go to Sony when that deal expires in 2026 or 2027, at which point SME will become the worldwide distributor and owner of all content.” ” – Hits Daily Double I don’t really care. I’m burned out on these gigantic catalog sales.

License

WiserAdvisor

DECEMBER 29, 2023

This article will explore the complex process of wealth transfer and help you understand how billionaires avoid estate taxes during market declines so you can create a suitable estate plan for yourself. Estate planning for wealthy families during a market dip Estate planning can be an expensive affair.

Estate Planning