WiserAdvisor

JUNE 6, 2023

High-net-worth individuals who possess a significant number and value of assets and complex financial portfolios may find it hard to manage their finances. However, given the high value of wealth, it becomes all the more critical for high-net-worth individuals to plan their finances optimally. in their work endeavors.

Estate Planning 52

Estate Planning Planning Taxes Insurance 52

Abnormal Returns

JULY 12, 2023

physicianonfire.com) Estate planning A look at some advanced estate planning techniques. genyplanning.com) An inheritance raises a number of questions, and opportunities. (savantwealth.com) A real-life example of balancing differing wants in retirement. marketwatch.com) How to have a purpose as a retiree.

Risk Tolerance 220

Risk Tolerance Estate Planning Retirement Planning 220

Nerd's Eye View

FEBRUARY 5, 2024

This month's edition kicks off with the news that financial planning software platform RightCapital has launched a workflow management tool called RightFlows to help advisors manage and assign steps in the financial planning process to team members and clients – which on the one hand capitalizes on advisor demand for workflow solutions tailored (..)

Estate Planning 200

Estate Planning Financial Planning Planning Wealth Management 200

Nerd's Eye View

APRIL 1, 2024

Vanilla announced a new Scenarios tool to facilitate advisors working with ultra-HNW clients that need to model various four-letter estate planning strategies (e.g., GRATs, SLATs, CRUTs, and ILITs) to show the impact of the advisor’s advice (at least for those clients who still have Federal estate tax exposure).

Estate Planning 167

Estate Planning Financial Advisor Startup Clients 167

Nerd's Eye View

JANUARY 31, 2024

First is that the underlying vehicle is a Charitable Remainder UniTrust (CRUT), which pays a fixed percentage of the trust's value for either a specified number of years (not to exceed 20) or through the lifetime of the beneficiary. Second is that the CRUT is testamentary (i.e., Read More.

Financial Advisor 212

Financial Advisor Estate Planning Nonprofit Financial Planner 212

Nerd's Eye View

AUGUST 7, 2023

This month's edition kicks off with the news that estate planning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estate planning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estate planning (..)

Estate Planning 196

Estate Planning Wealth Management Financial Advisor Planning 196

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. thomaskopelman.com) An increasing number of states are introducing auto-IRAs. investmentnews.com)

Wealth Management 222

Wealth Management Estate Planning Taxes Valuation 222

Abnormal Returns

MAY 10, 2023

dariusforoux.com) Society New car prices are out of the reach of an increasing number of Americans. obliviousinvestor.com) How to effectively withdraw money from a 529 plan. wsj.com) When building an estate plan, hire an attorney who specializes in it. sciencedaily.com) Emotions are great, just not with your investments.

Math 228

Math Estate Planning Retirement Banking 228

Nerd's Eye View

JANUARY 24, 2024

There are several reasons for financial institutions to prevent an agent from being added to an account, including the age of the POA itself and whether the document was prepared so long ago that it is considered 'stale', any number of (nuanced) state-specific signature formalities (e.g.,

Estate Planning 199

Estate Planning Accounting Clients Financial Advisor 199

Nerd's Eye View

OCTOBER 31, 2023

In this episode, we talk in-depth about how Jon evolved his "high tech and high touch" mindset to serving clients by regularly iterating upon and updating his advisor tech stack while also elevating his long-time client service administrator into a more holistic client concierge (because the future isn't about tech or human service, it's tech and human (..)

Financial Advisor 205

Financial Advisor Estate Planning Clients Education 205

Nerd's Eye View

JANUARY 24, 2024

There are several reasons for financial institutions to prevent an agent from being added to an account, including the age of the POA itself and whether the document was prepared so long ago that it is considered 'stale', any number of (nuanced) state-specific signature formalities (e.g.,

Clients 192

Clients Estate Planning Accounting Financial Advisor 192

Darrow Wealth Management

MAY 6, 2024

Checklist for executors of their parent’s estate Get organized Where are the original estate planning documents located? Who is the attorney who drafted the estate plan? Inform them of your parents passing and discuss options for support in settling the estate. The attorney typically does this.

Estate Planning 86

Estate Planning Distribution Valuation Taxes 86

Abnormal Returns

MARCH 20, 2023

advisorperspectives.com) A shocking number of people don't have a will or estate plan. (marknewfield.substack.com) Advisers need to be able to help clients with cash management. financial-planning.com) Adviser outreach should have a specific purpose. thinkadvisor.com)

Estate Planning 201

Estate Planning Retirement Communication Financial Planning 201

Nerd's Eye View

APRIL 3, 2023

million in seed funding to support its growth as it builds out its "end-to-end" financial planning and advice engagement platform (but will it be able to replace, rather than augment, advisors' existing financial planning software?)

Estate Planning 186

Estate Planning Financial Planning Wealth Management Clients 186

Carson Wealth

APRIL 4, 2024

Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estate planning documents (wills, trusts, etc.)

Management 137

Management Healthcare Medical Estate Planning 137

Nerd's Eye View

JULY 3, 2023

This month's edition kicks off with the news that Pershing X has announced the launch of its long-awaited (and newly renamed) “Wove” advisor technology platform – which despite purporting to be an open-architecture, multi-custodian solution allowing advisors to smoothly integrate all the technology they choose to bring onto it, in (..)

Estate Planning 221

Estate Planning Media Clients Wealth Management 221

Nerd's Eye View

NOVEMBER 29, 2022

In this episode, we talk in-depth about how, even though it is admittedly more time consuming for her firm, Anh conducts extensive due diligence and analysis to integrate structured notes into her client portfolios and ladders them on a rolling quarterly basis so that clients can continuously reinvest at then-current rates and features, why Anh decided (..)

Estate Planning 228

Estate Planning Financial Advisor Financial Services Clients 228

MainStreet Financial Planning

APRIL 15, 2024

The estate planning documents may be done, but is there anything else to really feel comfortable that you’ve prepared all you could when you pass away? After my mom passed, I had been helping my dad get his estate planning documents and other financial activities in order.

Planning 52

Planning Estate Planning Numbers Insurance 52

Nerd's Eye View

DECEMBER 1, 2023

Jarkesy, which in a narrow sense focuses on the SEC's use of in-house Administrative Law Judges to hear securities law cases rather than traditional Federal jury trials, but in a broader sense could call into question the SEC's (and other government agencies') authority to make rules and enforce laws in the absence of specific guidance from Congress (..)

Financial Planner 185

Financial Planner Communication Estate Planning Wealth Management 185

Darrow Wealth Management

APRIL 25, 2023

In addition to making funeral arrangements and notifying family and friends, another priority is alerting your estate planning attorney and financial advisor. Asset Titling, Beneficiary Elections, and Probate The estate planning attorney is going to be critical here. But not everything needs to get done today.

Estate Planning 73

Estate Planning Taxes Accounting Retirement 73

Nerd's Eye View

JULY 25, 2022

Yet despite this – and perhaps even because of it – advisory firms are putting an ever-greater focus on financial planning in 2022, as a way to both show value to clients in the midst of difficult market returns, and, more broadly, to help clients navigate the current environment.

Education 174

Education Financial Planning Estate Planning CFP 174

Nerd's Eye View

SEPTEMBER 5, 2022

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Farther raises a $15M Series A to try to make a more efficient back-office for advisors to actually be able to take home a 75% payout.

Financial Advisor 165

Financial Advisor Estate Planning Accounting Taxes 165

Nationwide Financial

JANUARY 31, 2023

Let’s face it, estate planning is a topic that many clients aren’t exactly eager to address. Some don’t fully understand what estate planning is or understand why estate planning is important. When we talk about estate planning, we’re referring to the basic elements of a will and possibly trusts.

Clients 52

Clients Planning Estate Planning Distribution 52

MainStreet Financial Planning

JUNE 13, 2023

Get a social security number for your child. You can request a social security number along with your baby’s birth certificate. 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

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.

Taxes 96

Taxes Financial Planning Planning Estate Planning 96

Nerd's Eye View

DECEMBER 26, 2022

As 2022 comes to a close, I am once again so thankful to all of you, the ever-growing number of readers who continue to regularly visit this Nerd’s Eye View Blog (and share the content with your friends and colleagues, which we greatly appreciate!). and inflation levels not seen in several decades.

Financial Advisor 176

Financial Advisor Financial Advice Estate Planning Planning 176

WiserAdvisor

FEBRUARY 21, 2023

Some studies also show that by 2034, the number of older adults will outnumber children. Due to the lack of technological know-how in the older generation, many scammers use new-age methods, such as obtaining passwords, account numbers, Social Security numbers, etc., However, proper estate planning can help in these situations.

Financial Advisor 104

Financial Advisor Clients Estate Planning Education 104

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. Craig Lemoine, Ph.D.,

Estate Planning 52

Estate Planning Distribution Taxes Assets 52

eMoney Advisor

APRIL 4, 2023

2 Begin by understanding that the challenges in managing inherited wealth are not just about the numbers. Start Estate Planning Early: It’s an important step in creating a legacy where taking the right approach and creating a specific structure can improve the likelihood of its success.

Education 97

Education Financial Advisor Clients Planning 97

Integrity Financial Planning

NOVEMBER 14, 2023

Gift Tax Exemptions Each year, you can give up to $17,000 to any number of people tax-free. 1] This can be something you do as part of your estate plan. It can sometimes reduce the tax burden for your estate when it comes time to transfer it to your heirs.

Taxes 96

Taxes Retirement Estate Planning Planning 96

Darrow Wealth Management

MAY 3, 2024

And ultimately, how to invest a windfall will depend on a number of factors, including your risk tolerance, time horizon, and spending plans. For example, estate planning to help ensure you have proper protections in place Incorporating charitable goals These are just a few examples.

Wealth Management 52

Wealth Management Wealth Advisor Financial Planning Financial Advisor 52

Harness Wealth

FEBRUARY 20, 2024

While they don’t have the credentials from the IRS, AICPA, or a Bar Association, they are still required by the IRS to obtain a Preparer Tax Identification Number (PTIN) allowing them to prepare federal tax returns legally. They may work independently or for tax preparation firms, sometimes on a seasonal basis.

Taxes 52

Taxes License Education Tax Planning 52

Darrow Wealth Management

AUGUST 28, 2023

He says, “the biggest mistake many businesses owners make is not running a competitive process when the business is capable of attracting interest from a broad number of buyers. On the personal side, your financial advisor , estate planning attorney, and CPA/tax advisor should be involved throughout the process.

Sales 77

Sales Wealth Advisor Estate Planning Taxes 77

Clever Girl Finance

AUGUST 22, 2022

By using a wealth accumulation plan! Why is a wealth accumulation plan important? There are a number of reasons why it’s a good idea to accumulate wealth. Have a will and estate plan. While it’s not a fun topic, having a will and estate plan can help your family navigate during a difficult time once you’re gone.

Wealth Accumulation 97

Wealth Accumulation Budgeting Estate Planning Insurance 97

Zoe Financial

DECEMBER 5, 2023

One data point caught my attention: the number of advised investors, individual investors, has increased from 35% to 47% when you look at the time frame from 2009 to today. Financial planning, estate planning, tax planning, etc, rather than just picking stocks like in the old days. Definitely worth checking out.

Wealth Management 52

Wealth Management Management Financial Planning Taxes 52

International College of Financial Planning

MAY 29, 2023

The scope of wealth management goes beyond traditional financial planning and investment advisory services, encompassing a more holistic approach to personal finance. Wealth managers collaborate with their clients to develop customized strategies for asset allocation, tax planning, estate planning, and risk management.

Wealth Management 40

Wealth Management Management Estate Planning Financial Planner 40

Darrow Wealth Management

OCTOBER 23, 2023

Before keeping the home and renting it, speak with a real estate agent to discuss the rental market. If you don’t have the time to manage the rental yourself, run the numbers to ensure the rental income can support a property manager. Before keeping a home you inherit, discuss the numbers with your financial advisor.

Taxes 78

Taxes Distribution Estate Planning Wealth Management 78