Heirs of large estates may miss a valuable tax deduction
Some large estates will owe estate taxes this year and there is a valuable tax deduction that is often overlooked.
Putnam Wealth Management
Preserving and sustaining wealth for the future
Clients need help with complex financial planning matters such as efficient wealth transfer, tax and inflation risk, and sustainable income in retirement. Financial-planning experts Bill Cass and Chris Hennessey weigh in each week with a range of insights, tips, and legislative updates.
Posts from category: Estate and Wealth Transfer
Life events can be an opportune time to connect with the next generation
When children inherit wealth from their parents, they may seek guidance elsewhere if they do not have a relationship with their parents' advisor.
A communications failure can derail your legacy
When wealth transfer fails from one generation to the next, a communications failure may be one of the leading causes.
Social strategies to meet clients’ families
As trillions of dollars are expected to move from boomers to the next generation, advisors may consider using social strategies to meet the entire family.
Identifying key contacts in the next generation of investors
Only a small percentage of heirs stay with the financial advisor used by their parents, making it critical for advisors to connect with the next generation.
Huge wealth transfer sparks ideas as advisors rethink their businesses
In a new wave of wealth transfer, $30 trillion is projected to move to the next generation over 30 years, leading some advisors to rethink their businesses.
Can decanting add flexibility to estate planning?
When the tax landscape is unclear, flexibility can be important. For investors with irrevocable trusts, some states give trustees more flexibility with decanting.
Create a roadmap for family in case of emergency
Creating instructions, much like a roadmap, can be among the most helpful item you can leave to family members trying to manage your estate.
Planning strategies may benefit estates of all sizes
Most estates may fall within the exemption level from federal estate taxes but investors still need to plan for the orderly transfer of wealth.
Gifting and estate plans can be priorities at year-end
Year-end can be a critical time for investors who want to take advantage of certain gift- and estate-planning strategies.