Create a checklist for when a family member passes away
Most families do not want to think about losing a loved one. But creating a checklist for family members may help them navigate a difficult situation.
Tag: Estate Planning
Strategies to preserve step-up in cost basis under new tax landscape
The focus in estate planning has shifted to income taxes, including strategies for the step-up cost basis, a planning consideration to manage capital gains.
Same-sex couples face challenges in financial planning
While progress has been made on marriage equality, same-sex couples may continue to face obstacles to saving and other financial planning issues.
Five questions to ask your estate planning attorney about the new tax law
Estate planning remains important for investors despite changes under the new tax law.
LGBT couples may have to navigate unique planning considerations
The path to achieve many financial goals, such as estate planning, may present specific challenges for LGBT couples, particularly those who are not married.
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.
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.
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.