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…
8 Red Flags That Your Clients’ Estate Plans Are Out of Whack
How Uncovering Your Clients’ Legal Needs Means More Business for You Estate plans, like complex computer code, can get buggy. As a financial advisor, you have a fiduciary duty to your clients to help them avoid negative consequences of bad planning. That duty includes keeping tabs on legal issues related to estate planning and getting your clients the help they need, when they need it,…