WiserAdvisor

MAY 11, 2023

Although a will is the standard method of transferring assets, there are several other ways to do so, such as trusts, joint ownership, gifting, and more. These states have an elective community property system that enables spouses to inherit automatically by creating a written agreement and a community property trust with their partner.

Distribution 52

Distribution Taxes Insurance Financial Advisor 52

WiserAdvisor

APRIL 19, 2024

A financial advisor can offer timely and personalized estate planning advice that can protect your assets and safeguard the financial well-being of your family members in your absence. For example, if you have a child with special needs, you may need to establish a special needs trust that provides for their long-term care.

Estate Planning 59

Estate Planning Planning Distribution Accounting 59

Park Place Financial

SEPTEMBER 8, 2022

ESTATES Family Estate Planning: The 6 Essentials Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. However, neglecting estate planning may lead to significant consequences in the long run, especially for those with families. 3) Establishing a Trust . 1) Drafting a Will . In select cases, wills are not necessary.

Estate Planning 52

Estate Planning Planning Certified Financial Planner Medical 52

Park Place Financial

NOVEMBER 29, 2022

Create a Trust . Trusts can be highly beneficial for those engaged in estate planning. Trusts involve moving financial resources to a third party called the trustee. While the trustee is responsible for supervising the trust, as the grantor, you maintain legal ownership of the property. Grantor Retained Annuity Trusts .

Estate Planning 52

Estate Planning Economics Planning Financial Planner 52

WiserAdvisor

JUNE 6, 2023

Business successions have been the cause of major family feuds and business failures. Therefore, it is essential to plan well, maintain clear communication with your family members and potential successors, be transparent with your workforce, and establish the correct protocols. in their work endeavors.

Estate Planning 52

Estate Planning Planning Taxes Insurance 52

Park Place Financial

APRIL 26, 2022

ESTATES 4 Tips to Consider When Passing Trust Assets to Your Children Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. For many people, making sure their loved ones will be financially secure after they’re gone is a primary objective and a trust fund can help achieve this goal.

Assets 52

Assets Distribution Certified Financial Planner Estate Planning 52

Harness Wealth

JUNE 23, 2023

Key Components of an Estate Plan A comprehensive estate plan consists of several key components, including wills and trusts, power of attorney, healthcare directives, and beneficiary designations. Trusts, on the other hand, are legal entities that can be used to manage and distribute assets to the beneficiaries of an estate.

Estate Planning 52

Estate Planning Financial Planning Planning Taxes 52

Indigo Marketing Agency

APRIL 28, 2023

They often have trouble writing about themselves and the benefits they offer clients. More than likely, clients choose to work with you because of a service-related aspect, like the trust they have with you or the support they feel from your staff. Then I end by talking about my background: What’s the Benefit Clients Value Most?

Financial Advisor 98

Financial Advisor Clients Compliance Wealth Management 98

Brown Advisory

JULY 28, 2022

Protecting the Family Legacy—How to Plan with Prenuptial Agreements. Most parents’ natural inclination is to make their children happy by welcoming potential sons- and daughters-in-law into their family with open arms. Without a prenup, an ex-spouse may go on to make a new family but also potentially inherit your wealth.

Planning 52

Planning Estate Planning Strategic Planning Distribution 52

James Hendries

SEPTEMBER 20, 2022

Although there are a number of ways to accomplish a shifting of income, the following methods are most popular: employing family members, family partnerships, interest-free and below-market loans, gifting, sale- or gift-leaseback, trusts, and life insurance/annuities. Limited partnerships can be used to split income taxes.

Tax Planning 52

Tax Planning Taxes Planning Accounting 52

eMoney Advisor

APRIL 4, 2023

As a financial professional, you are likely aware of what the media is calling the Great Wealth Transfer—where $84 trillion is set to be passed to younger generations over the next two decades. Financial professionals can help by opening the lines of communication with clients and their families.

Education 97

Education Financial Advisor Clients Planning 97

James Hendries

OCTOBER 28, 2022

In this year-end planning guide, we examine four critical areas to consider that may affect your finances: Generational wealth transfer- Generational wealth transfer may become more important when an event occurs, such as a death, a marriage, or the birth of a new family member.

Planning 52

Planning Taxes Estate Planning Consulting 52

Yardley Wealth Management

MAY 23, 2023

Do you want to provide for your family’s financial security, support a cause you care about, or leave a lasting impact on your community? If you have charitable intentions, you may also want to consider setting up a charitable trust or foundation.

Planning 40

Planning Estate Planning Wealth Management Financial Advisor 40

Good Financial Cents

JULY 5, 2022

Ad If you're concerned about your family's wellbeing, Life Insurance can give you some peace of mind. The rules for 401k beneficiaries are set by the Internal Revenue Service (IRS). Tragically he was killed in a freak accident while at work, and the family was left reeling. What About a Trust? Ads by Money.

Distribution 73

Distribution Retirement Accounting Taxes 73

Harness Wealth

DECEMBER 8, 2022

A financial advisor can help you identify and set that up. Gifting to friends and family. While a gift tax is charged on those who make large gifts, you’re allowed to make gifts of up to $16,000 per recipient in 2022 without any federal gift tax being assessed. Related article: Tax Benefits of a Donor-Advised Fund.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

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. Notify current/former employers; it’s common to have employer-provided life insurance, stock options, and other benefits that may require your attention.

Estate Planning 73

Estate Planning Taxes Accounting Retirement 73

Clever Girl Finance

APRIL 11, 2024

It’s exciting to think about the possibilities of what can happen when we accomplish new goals, but unfortunately, lots of us give up or don’t even get started. Set the right goals The first of the 5 ways to achieve your goals is to focus on proper goal-setting. Let’s get into it!

Retirement 79

Retirement Planning Accounting Budgeting 79

Park Place Financial

APRIL 11, 2022

ESTATES 7 Life Events That Require Trust and Will Reviews Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. A living trust or a will ensures that your estate is passed to your children, grandchildren, or other beneficiaries. Learn more about the career, family, and asset changes that require additional estate planning.

Estate Planning 40

Estate Planning Planning Assets Retirement Planning 40

Carson Wealth

AUGUST 3, 2023

By Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner Blended families, composed of couples who bring children from previous relationships together, have become increasingly common in today’s society. While blending families brings joy and new opportunities, it also can create complex financial challenges.

Budgeting 52

Budgeting Estate Planning Insurance Retirement 52

Brown Advisory

FEBRUARY 14, 2019

In addition to preparing for the expense itself, many parents may want to consider other family goals, such as transferring wealth to their children for more flexible use. In this article, we discuss four common savings vehicles—UTMAs, 529 Plans, Crummey trusts and 2503(c) trusts—and look at the strengths and weaknesses of each.

Taxes 52

Taxes Planning Assets Clients 52

Brown Advisory

FEBRUARY 14, 2019

In addition to preparing for the expense itself, many parents may want to consider other family goals, such as transferring wealth to their children for more flexible use. In this article, we discuss four common savings vehicles—UTMAs, 529 Plans, Crummey trusts and 2503(c) trusts—and look at the strengths and weaknesses of each.

Taxes 52

Taxes Planning Assets Clients 52

Park Place Financial

SEPTEMBER 30, 2022

Financial Planning Charitable Donation Wealth Benefits Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Altruism is often the main reason people give to charity, but this does not mean they cannot reap the benefits of their generosity. Other benefits of setting up a private foundation include: .

Taxes 52

Taxes Financial Planner Planning Financial Advisor 52

Yardley Wealth Management

JANUARY 18, 2022

You can always build on this base over time, but your biggest benefits will come from resolving that which you care about the most. Identify conflicts of interest, such as multiple heirs each hoping to inherit the family cabin. You should also still have a will, to settle any assets that remain outside of your trust(s).

Estate Planning 52

Estate Planning Planning Retirement Planning Assets 52

Yardley Wealth Management

JANUARY 18, 2022

You can always build on this base over time, but your biggest benefits will come from resolving that which you care about the most. . Identify conflicts of interest, such as multiple heirs each hoping to inherit the family cabin. Your executors can be family members or professionals such as a bank’s trust services. .

Estate Planning 52

Estate Planning Planning Retirement Planning Assets 52

Indigo Marketing Agency

MARCH 3, 2023

By introducing yourself, educating clients, setting expectations, increasing engagement, and saving time, a welcome email series can help financial advisors stand out and build long-lasting relationships with their clients. Instead, break up your content into smaller, digestible pieces and spread it out over several emails.

Financial Advisor 52

Financial Advisor Clients Communication Media 52

WiserAdvisor

JULY 25, 2023

Hiring a financial advisor can provide several benefits that are essential for managing your financial well-being. There are typically three aspects that make up a successful client-advisor relationship, as explained below: 1. It highlights your trust, confidence, and faith in the professional.

Financial Advisor 52

Financial Advisor Communication Portfolio Financial Planning 52

Nationwide Financial

NOVEMBER 23, 2022

That comes as no surprise to this author, who comes from a family of farmers and still resides in a farming community. First, farmers need a trusted financial professional to help them understand how decisions around Social Security and Medicare will impact their finances. Read more on Medicare, below.). citizen, or.

Retirement 52

Retirement Planning Healthcare Medical 52

Workable Wealth

NOVEMBER 11, 2020

The truth is, everyone who buys life insurance hopes their loved ones never need to use it, but it’s a true safety net for your family. . Permanent policies can offer good benefits but aren’t right for everyone. Term insurance lets you buy a policy for a set time, anywhere from 10 to 30 years. Family size and additional income.

Estate Planning 52

Estate Planning Insurance Financial Planning Planning 52

Darrow Wealth Management

MAY 3, 2024

For example, in one instance, we identified stock as being eligible for a specific tax benefit called qualified small business stock (QSBS). To discuss your situation and how we may be able to help you maximize the benefits of a windfall, schedule a phone consultation today.

Wealth Management 52

Wealth Management Wealth Advisor Financial Planning Financial Advisor 52

Carson Wealth

FEBRUARY 13, 2023

Take advantage of employee benefits. Some employee benefit plans offer legal services, so start by checking with your company’s human resources department to see if such an offering is available to you. Talk to your trusted friends, family and coworkers for recommendations. Word of mouth is your friend.

Estate Planning 52

Estate Planning Planning Consulting Financial Advisor 52

Clever Girl Finance

FEBRUARY 20, 2024

What are the benefits of stealth wealth? Read on for the benefits, signs, and secrets of stealth wealth that you can adopt in your own financial life. It means keeping the (large) amount of money you have a secret from everyone, including your friends and family. What are subtle signs of wealth?

Budgeting 76

Budgeting Assets Accounting Wealth Accumulation 76

Walkner Condon Financial Advisors

FEBRUARY 15, 2024

While no significant decreases in charitable giving were found, CCS did find that “in more recent presidential election years, it appears that political giving is making up an increasingly larger percentage of all giving during the months surrounding the election, hovering around 12% in the fall of 2016 compared to around 8% in the fall of 2004.”

Nonprofit 89

Nonprofit Distribution Taxes Government 89

eMoney Advisor

FEBRUARY 9, 2023

You can build trust and credibility by educating them with content applicable to them and their situation such as podcasts, videos, seminars, and blogs, but be sure to make yourself available when they have questions. With a long financial future in front of them, planners can help these clients set and pursue their first financial goals.

Financial Planning 95

Financial Planning Clients Planning Education 95

Park Place Financial

NOVEMBER 29, 2022

Retirement Planning 5 Ways to Catch Up on Retirement Planning Later in Life Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. At this point, you may feel your retirement dreams are unattainable, but there are steps you can take to catch up on the years you lost. Social Security benefits .

Retirement Planning 52

Retirement Planning Retirement Certified Financial Planner Planning 52

Nationwide Financial

APRIL 20, 2023

But what about investing that money to potentially set yourself up for more success in the future? Talk with them about setting aside savings specifically for the types of events that could trigger an unexpected financial burden. As a trusted financial professional, you can help guide your clients to what is best for them.

Taxes 59

Taxes Clients Investing Investments 59

Clever Girl Finance

JUNE 12, 2023

A child’s parent or a grandparent is most likely the person who will set up a custodial account. The Saving For College survey found that 40% of parents had saved up over $30,000 for their kid’s college. However, only 7% of parents feel that they have enough money saved up for college costs.

Accounting 64

Accounting Education Taxes Planning 64

Clever Girl Finance

DECEMBER 5, 2023

Set specific goals Once you know what areas of your life you’d like to change, you can start setting goals to improve them. When you’re setting goals for yourself, especially financial goal setting , try to be as specific as possible. Set one or two specific goals for each area of your life.

Budgeting 85

Budgeting Planning Financial Planning Management 85