How to Jumpstart Your Clients’ Year-End Planning

Don’t Wait Until the Busy Holiday Season As summer fades in the rear-view mirror, it’s a good time to give yourself a reality check: Clients never have enough time to meet for year-end planning during the busy holiday season (and you might not, either), which is why you should be proactive and meet with them now — even if it seems too early to do…

If You Are Married, Does Your Estate Plan Properly Cover All Four Critical Phases?

  THE PHASES OF ESTATE PLANNING – Part One For married couples, proper estate planning entails covering four phases. Let’s begin with a discussion about Phase One PHASE ONE – ALIVE AND WELL Many people come to me to discuss estate planning because of one or two main concerns or goals. Such concerns and goals often include:   how to best give their loved ones an…

Asset Protection Planning for the Modern Client

Only the very wealthy and those in high-risk professions need asset protection planning, right? That’s a myth. In reality, we all need asset protection.  Why?  Because we all can be sued and lose everything we have.  A car accident, business failure, foreclosure, medical crisis, or injured tenant can result in a monetary judgment that will decimate your client’s finances. This week, our goal is to…

Harnessing the Power of Trusts to Help Your Clients Protect Their Heirs

Now January is behind us, and we are back into our work routine, here’s a question to ponder: Are all your clients’ estate plans structured to provide long-term protection against court interference, creditors, bankruptcy, divorcing spouses, and financial mismanagement? As a financial or tax professional, you need to assume that “Murphy’s Law” is always potentially in play: if something can go wrong for your client,…

Preparing For A New Administration: Risks And Opportunities For Your Clients Under President-Elect Trump

A new Presidential administration can bring sweeping changes in the tax codes, new rules for how wealth is taxed, and a litany of other legal and regulatory changes. As a result of Donald Trump’s electoral victory on November 8th combined with Republican majorities in the House and Senate, we expect that there will be significant changes starting on January 20, 2017, when Mr. Trump takes…

Advisor Insights 2017 Schedule Through May

ADVISORS INSIGHTS Schedule of Topics through May 2017  (All Workshops Are From 3:00 PM – 4:30 PM, unless otherwise noted)  Date                Location                                  Topic January 31       Woburn                       Demystifying Trusts for Non-Lawyers – Part One February 16      Beverly                        Special Needs Trusts March 23         Woburn                       Special Needs Planning April 26             Beverly                        Demystifying Trusts for Non-Lawyers – Part One May 18             Woburn                       The Financial Component of…

How and Why Life Insurance Still Matters in Estate Planning

A frequently overlooked aspect of a client’s life insurance is proper alignment with estate planning goals. Between the typical set-it-and-forget-it mentality and a simple beneficiary approach many people take, a neglected life insurance policy often fails to achieve the goals that initially led to the purchase of the policy. But, you can help. You, as the trusted advisor, and us, as the estate planning attorney,…

Help Your Clients Save at Tax Time

6 Important Conversations to Have with Your Clients Before the Hustle and Bustle of the Holidays As summer gives way to fall, it’s time to start thinking about year-end tax planning. This is an opportunity to communicate with your clients, offer solutions, and deepen your relationship by helping them save thousands of dollars next spring at tax time. By engaging your clients in this way,…

IRS Notice Eliminating Estate and Gift Valuation Discounts Will Have a Huge Impact on Your Clients and Create a Huge Opportunity for You

  The IRS recently proposed regulations that will effectively eliminate several commonly used valuation discount strategies for estate and gift tax purposes. If the IRS’s current timetable holds, your clients may lose the ability to take advantage of certain valuation discounts as early as January 1, 2017. For your clients who have an estate large enough to be concerned about the federal estate tax (individuals…

Wills vs. Revocable Trusts – Trusts Win Find Out What a Trust Can Do That a Will Can’t

Since the estate tax exemption now surpasses $5 million (but remains at $1 million in Massachusetts), many believe their revocable trust has become obsolete. The truth is, a revocable trust offers many benefits a plain old last will and testament can’t. Understanding why it’s still important to have a revocable trust will position you as the trusted advisor who can spot the issues and then call…

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