Recent tax reform resulted in changes that allow families to save more in ABLE Accounts for the care of a child with disabilities.
Seniors age 70½ and older may benefit from a unique provision of individual retirement accounts (IRAs) when considering gifting strategies.
Some large estates will owe estate taxes this year and there is a valuable tax deduction that is often overlooked.
When children inherit wealth from their parents, they may seek guidance elsewhere if they do not have a relationship with their parents’ advisor.
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.
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.