For financial planning, year end can be an opportune time to review strategies for gifting and estate plans.
Lower asset values combined with historically low interest rates may favor certain wealth transfer strategies such as GRATs.
The new 10-year rule resulted in several planning considerations for investors as they choose beneficiaries for estate plans.
The SECURE Act brings significant changes to retirement accounts and introduces a new 10-year rule for inherited retirement assets.
Year-end is an opportune time to offer a beneficiary review to ensure that accounts are up-to-date.