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.
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.
IRS sets its sights on family business transfers
A proposal from the Internal Revenue Service (IRS) would change the way family-owned businesses are valued for family business transfers.
Consider the options when helping grandchildren with college costs
Grandparents seeking to help grandchildren with college costs may contribute in several ways, with different types of accounts and benefits.
Prince’s death shines spotlight on the importance of a will
The death of music superstar Prince underscores the need for investors to prepare an estate plan.
Planning Idea
Planning topics for estates of any size
Wealth transfer requires estate planning whether an estate is large or small.
Planning Idea
It’s never too soon to talk about year-end planning
Consider these tax and estate-planning ideas for year-end planning.