Last week’s passage of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the most far-reaching tax bill in a decade, turned out to be a grab bag full of welcome surprises and goodies for the high-net-worth set—and especially the ultra-high-net-worth individuals and families and, by extension, the wealth managers who help them....
Providers of income securities for retirees and those close to retiring may have their work cut out for them, according to new findings by Cogent Research. ...
Wall Street types might be wise to eat their own cooking. For more, go to VonAldo.com, the new blog by David A. Geracioti, Registered Rep. editor-in-chief....
File this under “Financial Planning 101.” What to do when a big client’s big bonus and severance package may be the future legal target of disgruntled employees and shareholders? ...
Whatever happens to estate taxes, there will still be a strong need for putting together trusts and insurance policies that enable your clients' assets to survive their death intact....
We've been getting a lot of calls from financial advisors about reverse mortgages, and, clearly, we're not the only ones. According to a survey of 111...
For most advisors, Let's look at your IRA beneficiaries is about the 39th step in the financial planning process if it gets addressed at all. Worse yet,...
It's easy to forget that retired clients of relatively modest means can actually develop huge adverse tax consequences once they are forced to take minimum...
When it comes to client-advisor communications about charitable giving, something is amiss. That, at least, is the conclusion of a survey conducted by...
The rapper Notorious B.I.G. had it right: The more money we come across, the more problems we see. If planning for wealthy people is daunting, planning...
Buried within many of the boilerplate financial planning questionnaires used by advisors is an innocuous little line that says something like, Any expected...
By Daniel L. Daniels, David T. Leibell and Russ Alan Prince
Collectibles such as art, antiques, jewelry, stamps, coins and automobiles can constitute a significant portion of the estate of a wealthy individual....
Inheritance is the stuff of dreams for advisors and clients alike, but it often has nightmarish potential. There's one good reason for this: People have...
Ask the typical financial advisor if he provides advanced-planning services, and you are likely to receive an affirmative reply 99 percent of the time....
By Daniel L. Daniels, David T. Leibell and Russ Alan Prince
In the wake of the Terry Schiavo case and the death of Pope John Paul II many clients are focusing on end-of-life issues, particularly those surrounding...
Say you meet up with a married couple in their mid 60s with three adult children and a net worth of $3 million $1.5 million in his IRA, $500,000 in their...
Tax planning for estates took a hit in 2001 when the White House decided to repeal the estate tax in 2010. But business is back. As the debate drags on...
By Daniel L. Daniels, David T. Leibell and Russ Alan Prince
The 2001 tax reform act built uncertainty into the estate-planning process. Under the act, estate tax rates decrease until 2009. The estate tax disappears...
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