WiserAdvisor

APRIL 19, 2024

While a financial plan focuses on managing your finances during your lifetime, an estate plan is essential for determining the fate of your assets after you pass away. Estate planning involves the transfer of your assets to your heirs in the event of your passing.

Estate Planning 59

Estate Planning Planning Distribution Accounting 59

Carson Wealth

NOVEMBER 28, 2022

Estate planning touches two critical aspects of our lives: It can direct the distribution of property while providing a structure of guardianship and care for ourselves as well as those we love and care for. But many people feel like estate planning happens when you’re older, and that’s a misconception.

Estate Planning 69

Estate Planning Planning Distribution Financial Advisor 69

Darrow Wealth Management

MAY 6, 2024

If your parent had a trust, the individual(s) named in the trust documents as successor trustee will control the distribution of the trust assets. Checklist for executors of their parent’s estate Get organized Where are the original estate planning documents located? A real estate tax lien can delay closing.

Estate Planning 86

Estate Planning Distribution Valuation Taxes 86

Harness Wealth

JUNE 23, 2023

Estate planning is a critical component of a comprehensive financial plan. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving. There are many different types of trusts, each designed to address specific estate planning needs.

Estate Planning 52

Estate Planning Financial Planning Planning Taxes 52

International College of Financial Planning

OCTOBER 26, 2023

The Imperative of Estate Planning: Not Just for the Affluent Often, there’s a prevailing misconception that estate planning is a luxury reserved for the wealthy elite. Real estate planning is a crucial undertaking that every adult and family should prioritize.

Estate Planning 52

Estate Planning CFP Certification Certified Financial Planner 52

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.

Estate Planning 78

Estate Planning Clients Planning Financial Planner 78

eMoney Advisor

FEBRUARY 22, 2023

And if they’re unprepared—or worse, if the family estate planning strategies are less than buttoned up—how will that affect your practice down the line? To start the conversation with clients preparing to transfer wealth, you can simply say: “Tell me about who in the family was involved in the development of your estate plan.”

Estate Planning 75

Estate Planning Planning Education Clients 75

Park Place Financial

SEPTEMBER 8, 2022

ESTATES The 5 Most Common Estate Planning Myths Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Estate planning is a crucial component of financial preparation for many individuals, as it enables their wealth to have a lasting and meaningful impact on their loved ones.

Estate Planning 52

Estate Planning Planning Certified Financial Planner Taxes 52

Park Place Financial

SEPTEMBER 8, 2022

ESTATES Family Estate Planning: The 6 Essentials Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. According to one survey, 67% of Americans have no estate plan, which may reflect an aversion to thinking about dying or getting gravely ill. Navigate Family Estate Planning with Park Place Financial .

Estate Planning 52

Estate Planning Planning Certified Financial Planner Medical 52

Carson Wealth

OCTOBER 5, 2023

The foundation of your estate plan is a Last Will and Testament. Planning can tackle everything from beneficiary designations and estate tax to life insurance and planning for potential probate. It’s important to find an attorney who specializes in estate planning. What Is a Will?

Estate Planning 142

Estate Planning Planning Assets Taxes 142

Abnormal Returns

OCTOBER 23, 2023

advisorperspectives.com) Vanilla is rolling out more AI tools for estate planning. investmentnews.com) Compliance How to conduct and document an annual compliance review. riabiz.com) The upside of pro bono financial planning. wealthmanagement.com) Another example of an RIA adding tax capabilities.

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Compliance Estate Planning Financial Advice Financial Advisor 162

eMoney Advisor

MARCH 7, 2023

Fortunately, financial professionals have tools and wealth transfer strategies that can help couples be intentional about the use of their assets in an estate plan. Why Focus on Estate Planning for Blended Families A thoughtful plan and good communication can go a long way in heading off conflict in large families.

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Estate Planning Planning Financial Planner Clients 83

Darrow Wealth Management

JANUARY 29, 2024

There are no tax benefits during life nor are there any adverse tax implications. This article is a high-level overview of the various estate planning techniques and considerations when using revocable living trusts from the perspective of a wealth advisor (e.g. Other living trust benefits State estate tax planning.

Estate Planning 79

Estate Planning Distribution Taxes Wealth Management 79

Nerd's Eye View

NOVEMBER 21, 2022

A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client.

Financial Planning 174

Financial Planning Planning Estate Planning Clients 174

Harness Wealth

DECEMBER 8, 2022

Not only was the stock market fairly volatile, but there were also atypical tax regulation changes. Tax-loss harvesting. Paying taxes on investment gains can be a financial burden, but tax loss harvesting can reduce your bill. You can claim as much capital loss as your realized capital gain plus $3,000.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Harness Wealth

FEBRUARY 13, 2023

When it comes to taxes on equity compensation, there’s a lot to navigate. Traditional tax firms tend to have rigid business models that make it difficult for clients looking for one-off expert consultations or even ongoing planning services. Have a look at our services below and consider signing up for an account today.

Taxes 52

Taxes Tax Planning Planning Consulting 52

Nerd's Eye View

JULY 3, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: All-in-one software platform Blueleaf has launched a new “aggregation-as-a-service” solution, promising better client data aggregation capabilities than existing solutions by automating the process of weaving multiple (..)

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Estate Planning Media Clients Wealth Management 221

Integrity Financial Planning

MARCH 1, 2023

You may be surprised to learn how important your tax strategy is when it comes to real estate investments. Finally, Brian answers a question from the mailbag about who to turn to when it comes to advice regarding investments, taxes, and legal documents.

Taxes 52

Taxes Financial Planner Financial Planning Assets 52

Darrow Wealth Management

APRIL 25, 2023

While it’s possible to organize financial documents ahead of time, there’s no way to truly prepare for the death of a spouse. In addition to making funeral arrangements and notifying family and friends, another priority is alerting your estate planning attorney and financial advisor.

Estate Planning 73

Estate Planning Taxes Accounting Retirement 73

Harness Wealth

MARCH 5, 2024

Tax advisors, and other tax professionals , offer services from preparing and filing annual tax returns to comprehensive tax strategies that help minimize taxes and preserve wealth over time. In this guide, we’ll explore the average fees of tax advisors in the US for 2024.

Taxes 52

Taxes Tax Planning Ethics Education 52

Nerd's Eye View

SEPTEMBER 5, 2022

This month's edition kicks off with the news that VRGL (pronounced “Virgil”) has raised a $15M Series A round to scale up its tool that can scan investment account statements and automatically extract the available information about their holdings to analyze the prospect’s performance, risk, diversification, fees, and taxes, with (..)

Financial Advisor 165

Financial Advisor Estate Planning Accounting Taxes 165

Brown Advisory

SEPTEMBER 12, 2016

Proposed Tax Law Changes Prompt Estate Planning Review achen Mon, 09/12/2016 - 06:00 A plan to maximize a family’s financial legacy usually saves the most tax by leveraging the longterm compounding of investments outside of the taxable estate.

Estate Planning 52

Estate Planning Taxes Planning Clients 52

Brown Advisory

SEPTEMBER 12, 2016

Proposed Tax Law Changes Prompt Estate Planning Review. A plan to maximize a family’s financial legacy usually saves the most tax by leveraging the longterm compounding of investments outside of the taxable estate. Many trusts funded that year have grown outside of the grantor’s estate by 35% or more.

Estate Planning 52

Estate Planning Taxes Planning Clients 52

Nerd's Eye View

JULY 25, 2022

All advisors in the Kitces Members Section will be able to earn IAR CE in addition to their credits for CFP, CPA, EA, and various IWI and American College designations as part of their ongoing membership fee (though notably, NASAA is imposing a $3/credit, or $36/year, reporting fee that Kitces will also have to collect on behalf of advisors and remit (..)

Education 174

Education Financial Planning Estate Planning CFP 174

Carson Wealth

DECEMBER 18, 2022

Trusts are often used to simplify and coordinate estate planning. A testamentary trust is created at death, generally through estate planning documents. Consider this example: Jamie (80) is worried about his daughter’s compulsive spending. Irrevocable trusts have their own tax ID number.

Estate Planning 52

Estate Planning Distribution Taxes Assets 52

Carson Wealth

APRIL 25, 2024

Tax Planning: Optimize tax efficiency through strategies such as retirement contributions, tax-deferred accounts, and deductions and credits. Estate Planning: Draft essential documents such as wills, trusts, and powers of attorney to ensure the orderly transfer of assets.

Financial Planning 97

Financial Planning Planning Retirement Insurance Coverage 97

Good Financial Cents

MARCH 30, 2023

How a Family Trust Functions A family trust is a legally binding document that covers an individual’s assets during one’s lifetime and specifies the terms of dispersing those assets after one’s death or incapacity. Types of Family Trusts To make estate planning a bit more confusing , there are different types of revocable trusts.

Estate Planning 111

Estate Planning Taxes Assets Distribution 111

MainStreet Financial Planning

JUNE 13, 2023

Take advantage of tax breaks. Be sure to take advantage of child and dependent care tax credits when filing your taxes. Also, your employer may offer an opportunity to contribute to a Healthcare FSA, Dependent Care FSA and HSA, these plans allow you to make pre-tax contributions and use the money for eligible expenses tax-free.

Insurance Coverage 97

Insurance Coverage Healthcare Budgeting Estate Planning 97

James Hendries

OCTOBER 28, 2022

As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. Updated beneficiary information- Consistently check the beneficiaries listed on your legal documents, retirement savings, and insurance plans, as these designations can outweigh what is in a will.

Planning 52

Planning Taxes Estate Planning Consulting 52

Million Dollar Round Table (MDRT)

JULY 21, 2022

This is the time to do comprehensive financial planning: retirement planning, investment planning, tax planning and estate planning. Discuss more advanced estate planning, charitable planning and special family issues.

Charitable Planning 77

Charitable Planning Estate Planning Retirement Planning Tax Planning 77

eMoney Advisor

DECEMBER 6, 2022

If you’ve prompted your clients to think ahead about evacuation planning, a home inventory, and a plan for documents, then they’ll be more likely to get out of harm’s way when necessary. 1 A Virtual Go-Bag and More to Guard Documents. Sometimes you need the physical, notarized copy of a document.

Financial Planning 97

Financial Planning Clients Planning Estate Planning 97

James Hendries

FEBRUARY 23, 2023

A business estate plan- Businesses generally are illiquid, which can create problems for heirs or business partners if the business transfers to probate. When a business owner dies, liquidation must occur, which can be difficult without an estate plan. To help manage the estate and gift taxes.

Financial Planning 40

Financial Planning Planning Estate Planning Insurance 40

Yardley Wealth Management

MAY 23, 2023

Plan for taxes: Estate and inheritance taxes can significantly reduce the value of your assets. It’s essential to work with a financial advisor or estate planning attorney to develop strategies to minimize tax liabilities and ensure that your beneficiaries receive the maximum benefit from your estate.

Planning 40

Planning Estate Planning Wealth Management Financial Advisor 40

WiserAdvisor

OCTOBER 30, 2023

Understand your condition, prepare for all the questions that the doctor would ask, ensure all your test reports and medical history documents are in order and so on. Get your financial documents in order You may not remember everything about your finances accurately. your tax records and so on. your tax records and so on.

Financial Advisor 97

Financial Advisor Medical Planning Assets 97

Darrow Wealth Management

AUGUST 28, 2023

Your business advisory team may consist of: a business broker or M&A advisor, accounting and tax advisors, and transaction/M&A attorney. On the personal side, your financial advisor , estate planning attorney, and CPA/tax advisor should be involved throughout the process. You may need audited financial statements.

Sales 77

Sales Wealth Advisor Estate Planning Taxes 77

Clever Girl Finance

NOVEMBER 20, 2023

Do beneficiaries pay taxes on 401k inheritance? Making funeral and burial arrangements After taking care of the immediate needs after the death of a loved one, you can start planning the burial or funeral arrangements and going through the checklist when someone dies. Estate attorneys help families plan and execute their estates.

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Certification Accounting Insurance Planning 83

Clever Girl Finance

JANUARY 9, 2024

With the right help, you, too, can open a trust and protect your assets, and this guide will give you a crash course on living trusts as an estate planning tool. ” a trust is a legal document that holds your assets, such as real estate, cars, and investments. What is the downside to a living trust? Technically, yes.

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Estate Planning Distribution Assets Accounting 59