Taking Full Advantage of the 2017 Tax Cuts and Jobs Act

Posted by Robert L. Arone – Key Points to Discuss With Your Clients Like all things, tax laws are constantly changing. An important part of serving your clients is responding quickly and strategically to new developments in the tax law landscape. But at the same time, a knee-jerk reaction is rarely the best course of […]

Which Asset Protection Strategies Are Right for Your Clients?

Posted by Robert L. Arone – How You Can Keep Claims From Threatening Their Property Most of us do not expect to be sued. However, lawsuits are filed every day the courthouses are open. If your clients’ estate plans don’t include adequate asset protection, they could end up losing a substantial amount of their wealth […]

Helping Clients Plan From the Heart: Beyond Money in Estate Planning

Many clients and advisors think of estate planning as a logistical process designed to reduce taxes, avoid court, and protect assets. Of course, proper planning does enhance the security of their families and assets, but estate planning is actually much more. Although we write frequently to you about the tax, asset protection, and court-avoiding benefits […]

How Remodeling a Client Trust Can Retain Assets Under Management while Saving Clients Money

It’s a common misconception that clients can take a set-it-and-leave-it approach to trusts.  Much as houses or office buildings, even those that were originally well-built, must be remodeled or updated from time to time, a trust-centered estate plan can often benefit from a remodel or refresh. Although the principle of trust-centered estate planning has stood […]

The Team Approach to Client Service in 2018 and Beyond

Estate planning is about much more than just taxes Many financial advisors see estate planning as a tax-focused discipline. However, estate planning encompasses much more than just tax planning. It provides a great client service, deepens relationships with clients, and can be an integral part of retention. This is especially true now that technology is […]

Tax Reform: Solutions for Your Clients and Their Estate Planning

In December 2017, Congress passed, and President Trump signed a sweeping tax reform bill commonly known as the Tax Cuts and Jobs Act. This new Act contains several significant changes that will impact your clients and their estate planning. Estate Tax Changes Starting January 1, 2018, the estate, gift, and generation-skipping transfer (GST) tax exemptions […]

Avoiding Disastrous Will or Trust Lawsuits: How to Keep Family Squabbles from Undermining Estate Plans

Family discord that results in a will or trust contest can be costly, time-consuming, and emotionally painful for your client’s family. For you, the advisor, this disharmony usually leads to severely damaged relationships and a loss of assets under management. As we approach the holiday season and close 2017, it’s important to keep a close […]

It’s Not Too Late for a Portability Election

Posted by Robert L. Arone – New Opportunity for Late Portability Just Opened Up by IRS Portability has brought both convenience and confusion to the estate planning community. Available for surviving spouses after 2011, portability allows an unused estate tax exemption to be transferred from a deceased spouse to his or her surviving spouse. While […]

Dynasty Trusts – A Planning Tool for the Masses?

Posted by Robert L. Arone – Think Twice Before Ruling One Out When most people hear the term “dynasty trust,” they assume it is something for only the wealthiest of families. Dynasty trusts are not as out of reach as many people and advisors might think, and can be used by many more families of […]

Trump’s First 100 Days: Looking Back and Planning Ahead

Posted by Robert L. Arone – How to Help Your Clients Future-Proof Their Estate Plans Through tried and true estate planning measures, we can make sure your clients’ plans are both flexible enough to handle change and sturdy enough to weather the uncertainty. In addition to providing wills, trusts, powers of attorney, and other core […]