Carson Wealth

MAY 23, 2024

One of the most important decisions you’ll make when designing your estate plan is who to name in the various fiduciary roles: trustee, personal representative, executor and agent. The post Choosing the Right Trustee for Your Estate Plan appeared first on Carson Wealth. In many ways, it is like a full-time job.

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Estate Planning Planning Distribution Valuation 119

Abnormal Returns

SEPTEMBER 27, 2023

awealthofcommonsense.com) Why you should keep track of the tax basis of your house. morningstar.com) A first-hand account of the case for hiring a tax preparer. marketwatch.com) Why your estate plan should include this letter. morningstar.com) Home ownership House ownership isn't for everyone.

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Estate Planning Taxes Insurance Retirement 278

Integrity Financial Planning

AUGUST 28, 2022

Understand the basics first, and then create an estate plan. Wills and trusts are both important estate planning tools with important differences. Many people may not know that their will does not control who inherits all of their assets, such as retirement accounts, life insurance, and annuities.

Estate Planning 98

Estate Planning Planning Communication Retirement 98

Your Richest Life

AUGUST 11, 2023

Your estate plan is the comprehensive guide to your wealth and property when you pass away or become incapacitated physically or mentally. it’s important that you update your estate plan to reflect those changes. As a physician, there are a few other areas to pay attention to when you’re working on your estate plan.

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Estate Planning Planning Accounting Distribution 96

Abnormal Returns

MAY 8, 2023

(thinkadvisor.com) The latest in advisortech news from April including the SEC's scrutiny of tax-loss harvesting systems. kitces.com) Practice management Why succession planning is important to firm owners whether they plan to sell or not. kitces.com) Advisers Some evidence that couple should maintain joint checking accounts.

Wealth Management 246

Wealth Management Estate Planning Taxes Valuation 246

Nerd's Eye View

JUNE 21, 2024

million in assets to both retire and pass on a legacy interest (though many have yet to establish an estate plan), according to a recent survey. Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that affluent Americans believe they need an average of $5.5

Financial Planner 238

Financial Planner Financial Advisor Taxes Math 238

Nerd's Eye View

OCTOBER 7, 2024

Welcome to the October 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Clients 242

Clients B2B Estate Planning Planning 242

Integrity Financial Planning

MAY 23, 2023

An estate plan is a legal document that outlines a person’s wishes for the distribution of their assets and property after their death. It is essential to create an estate plan to ensure that your family and loved ones are taken care of in the event of your passing. Contact us today to get started!

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Estate Planning Planning Healthcare Medical 95

James Hendries

OCTOBER 11, 2022

Basic estate planning is something that everyone should do, regardless of your age, marital status, the value of your assets, and if you’re a parent or not. This statistic illustrates that more Americans should consider estate planning to help ensure their assets transfer quickly to their heirs. Gallop, May 2021.

Estate Planning 98

Estate Planning Planning Medical Assets 98

Nerd's Eye View

SEPTEMBER 6, 2023

Which means that by taking into account a client's net worth, realistic liability risks, and level of sophistication, advisors can help assess what types of strategies may be appropriate for the client to explore. For instance, qualified plan assets (e.g., tenancy by the entireties and community property).

Education 246

Education Assets Clients Estate Planning 246

Carson Wealth

DECEMBER 20, 2024

Strategic charitable giving not only benefits the recipient but can also create significant tax advantages for the giver. While many people approach their financial planning with careful strategy, its easy to overlook the same level of intention when it comes to charitable giving. It just needs to be given to a qualified 501(c)(3).

Financial Planning 116

Financial Planning Planning Estate Planning Taxes 116

Carson Wealth

OCTOBER 25, 2023

If your net worth plus the death benefit of life insurance policies you own exceeds $13 million, putting your assets in specific types of trusts can be helpful for federal estate tax issues. But for most Americans, federal estate taxes will not be a major concern. This is especially true when you have a blended family.

Estate Planning 105

Estate Planning Planning Assets Taxes 105

Nerd's Eye View

SEPTEMBER 5, 2022

Orion (re-)partners with Apex Clearing with an integrated financial-planning-and-digital-account-opening experience for younger clients with smaller accounts.

Financial Advisor 205

Financial Advisor Estate Planning Accounting Taxes 205

Harness Wealth

JULY 29, 2024

In this guest post, Harness Tax Advisory Council member, Griffin Bridgers, J.D., covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. However, awareness is key, both for clients and advisors. citizens and residents.

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59

Nerd's Eye View

JULY 3, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: All-in-one software platform Blueleaf has launched a new “aggregation-as-a-service” solution, promising better client data aggregation capabilities than existing solutions by automating the process of weaving multiple (..)

Estate Planning 245

Estate Planning Clients Media Wealth Management 245

Carson Wealth

DECEMBER 31, 2024

Your personal preferences and the potential good your bequests can do are factors to think about in your estate planning. What Is Estate Equalization? Basically, estate equalization is the process of helping ensure fairness in your estate plan, whether that means leaving all your primary heirs the same bequests or not.

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Estate Planning Planning Taxes Distribution 52

Carson Wealth

NOVEMBER 28, 2022

Estate planning touches two critical aspects of our lives: It can direct the distribution of property while providing a structure of guardianship and care for ourselves as well as those we love and care for. But many people feel like estate planning happens when you’re older, and that’s a misconception.

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Estate Planning Planning Distribution Financial Advisor 69

Nerd's Eye View

JUNE 7, 2024

Also in industry news this week: Backers announced the new Texas Stock Exchange, which seeks to provide companies with a lower-cost alternative to the NYSE and Nasdaq, which, if successful, could create a more competitive landscape and potentially better execution and reduced trading costs for financial advisors and their clients The American College (..)

Financial Planner 184

Financial Planner Financial Advisor Certification Estate Planning 184

Abnormal Returns

NOVEMBER 20, 2024

nytimes.com) Taxes in retirement only get more complicated. cameronhuddleston.com) Five ways to simplify your estate plan. abnormalreturns.com) A bad experience trying to capture a bank 'bonus' account offer. 50fires.com) Retirement Gray divorce can have a huge effect on your retirement. They are a better mousetrap.

Estate Planning 162

Estate Planning Retirement Marketing Marketing 162

Carson Wealth

OCTOBER 5, 2023

The foundation of your estate plan is a Last Will and Testament. Planning can tackle everything from beneficiary designations and estate tax to life insurance and planning for potential probate. It’s important to find an attorney who specializes in estate planning. What Is a Will?

Estate Planning 142

Estate Planning Planning Assets Taxes 142

Abnormal Returns

DECEMBER 4, 2024

Podcasts Christine Benz talks 2025 taxes with Ed Slott author of "The Retirement Savings Time Bomb Ticks Louder." apolloacademy.com) Taxes Some things to know about doing a QCD. tonyisola.com) How to get more money into a 529 account. humbledollar.com) Lessons learned from Warren Buffett's approach to estate planning.

Retirement 147

Retirement Estate Planning Taxes Assets 147

Fortune Financial

JULY 28, 2022

When you are presented with the option to distribute your assets, you will have the choice to roll them into an IRA or place the stock into a taxable account and then roll the remaining assets into an IRA or 401(k). In addition, shares of employer securities for the NUA must be moved in-kind to a taxable brokerage account.

Taxes 98

Taxes Planning Retirement Planning Distribution 98

Nerd's Eye View

DECEMBER 30, 2024

We start with several articles on retirement planning: Why considering a client's retirement time horizon and spending flexibility could lead to more accurate (and often higher) safe withdrawal rates than the simpler "4% rule" Four unique risks retirees face when drawing down their assets, from sequence of returns risk to tax risk, and how financial (..)

Financial Advisor 130

Financial Advisor Insurance Tax Planning Taxes 130

Integrity Financial Planning

NOVEMBER 14, 2023

We’re coming up on the end of the year, and while it’s a time to take a break and enjoy the holiday season, it’s also a good time to consider tax strategies that may benefit you. Gift Tax Exemptions Each year, you can give up to $17,000 to any number of people tax-free.

Taxes 96

Taxes Retirement Estate Planning Planning 96

eMoney Advisor

MARCH 7, 2023

Fortunately, financial professionals have tools and wealth transfer strategies that can help couples be intentional about the use of their assets in an estate plan. Why Focus on Estate Planning for Blended Families A thoughtful plan and good communication can go a long way in heading off conflict in large families.

Estate Planning 83

Estate Planning Planning Financial Planner Clients 83

eMoney Advisor

FEBRUARY 22, 2023

And if they’re unprepared—or worse, if the family estate planning strategies are less than buttoned up—how will that affect your practice down the line? The Softer Side of Finance While it may seem easier to use structural solutions to control the transfer of client assets (think trusts, 529 accounts, etc.), Caregiving.

Estate Planning 75

Estate Planning Planning Education Clients 75

Carson Wealth

NOVEMBER 5, 2022

Estate Planning isn’t fun to think about. But estate planning is so much more than terminal actions – it helps set a stage for a rich life while protecting against unnecessary taxes and family feuds. . Who needs estate planning? Estate Planning in Your 20s . Craig Lemoine, Ph.D.,

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Estate Planning Planning Retirement Planning Financial Planner 52

Carson Wealth

DECEMBER 17, 2024

By Brady Marlow, CFP, AEP, CAP, CPWA, CExP , Director, Carson Private Client Wealth Strategy Although most people focus first on loved ones in developing their estate plan, you may also want your legacy to include continuing support of issues and organizations youre passionate about. million per individual for 2024.

Estate Planning 52

Estate Planning Planning Distribution Taxes 52

Abnormal Returns

OCTOBER 10, 2022

(riabiz.com) Fidelity, Vanguard and Alight are rolling out a service to automate the transfer of retirement accounts between employers. riabiz.com) Taxes Why RIAs love to buy accounting firms. citywireusa.com) A look at the performance of automated tax-loss harvesting strategies. fa-mag.com) Risk is unavoidable.

Wealth Management 130

Wealth Management Estate Planning Financial Advising Taxes 130

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. For some, this may lead to more taxes paid on capital gains.

Taxes 87

Taxes Tax Planning Planning Estate Planning 87

WiserAdvisor

MARCH 13, 2024

Investment planning also plays a crucial role in tax optimization, enabling you to minimize tax liabilities and maximize after-tax returns. Additionally, tax-loss harvesting, and other tax-optimization strategies can further improve the tax efficiency of your investment portfolio, thereby enhancing overall returns.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

NAIFA Advisor Today

APRIL 12, 2024

Understanding the intersection between financial assets and estate planning is extremely important for maximizing wealth and enhancing asset protection. Join us on Wednesday, May 1, 2024, from 12:00 pm to 1:00 pm Eastern for an in-depth webinar that focuses on aligning your clients' financial assets with their estate planning goals.

Estate Planning 52

Estate Planning Planning Financial Planning Assets 52

Abnormal Returns

MAY 22, 2023

citywire.com) Estate planning Can new estate planning platforms put the adviser at the center of the process? riaintel.com) What financial advisers need to know about clean energy home tax credits. investmentnews.com) Why auto-portability of 401(k) accounts will help. financial-planning.com)

Estate Planning 130

Estate Planning Financial Advising Wealth Management Compliance 130

Integrity Financial Planning

MAY 8, 2023

You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? 1, 2, 3, 5] [link] [4] [link] The post What Happens to Inherited Retirement Accounts?

Accounting 87

Accounting Retirement Distribution Retirement Planning 87

Darrow Wealth Management

MAY 6, 2024

Checklist for executors of their parent’s estate Get organized Where are the original estate planning documents located? Who is the attorney who drafted the estate plan? Inform them of your parents passing and discuss options for support in settling the estate. Consult your attorney to find out.

Estate Planning 85

Estate Planning Distribution Valuation Taxes 85

Brown Advisory

SEPTEMBER 12, 2016

Proposed Tax Law Changes Prompt Estate Planning Review achen Mon, 09/12/2016 - 06:00 A plan to maximize a family’s financial legacy usually saves the most tax by leveraging the longterm compounding of investments outside of the taxable estate.

Estate Planning 52

Estate Planning Taxes Planning Clients 52

Brown Advisory

SEPTEMBER 12, 2016

Proposed Tax Law Changes Prompt Estate Planning Review. A plan to maximize a family’s financial legacy usually saves the most tax by leveraging the longterm compounding of investments outside of the taxable estate. Many trusts funded that year have grown outside of the grantor’s estate by 35% or more.

Estate Planning 52

Estate Planning Taxes Planning Clients 52