Nerd's Eye View

NOVEMBER 21, 2022

Which means that on any given workday, advisors might find themselves reviewing one client’s portfolio and another’s estate plan in the morning, and having a meeting with a third client later in the afternoon. With this approach, the advisor can focus on particular planning areas (e.g.,

Financial Planning 198

Financial Planning Planning Estate Planning Clients 198

Carson Wealth

JUNE 29, 2022

There were hard feelings — a lot of wondering why her parents had skipped her in their estate planning. . Not talking to your family about your estate plan has the potential to create chaos and make your family feel unprepared. . Your Estate Plan and Picking Powers of Attorney. At the minimum, share: .

Estate Planning 52

Estate Planning Planning Communication Healthcare 52

Darrow Wealth Management

MAY 6, 2024

If your parent had a trust, the individual(s) named in the trust documents as successor trustee will control the distribution of the trust assets. Checklist for executors of their parent’s estate Get organized Where are the original estate planning documents located? Get death certificates.

Estate Planning 87

Estate Planning Distribution Valuation Taxes 87

Darrow Wealth Management

MAY 6, 2024

If your parent had a trust, the individual(s) named in the trust documents as successor trustee will control the distribution of the trust assets. Checklist for executors of their parent’s estate Get organized Where are the original estate planning documents located? Get death certificates.

Estate Planning 52

Estate Planning Distribution Valuation Taxes 52

Million Dollar Round Table (MDRT)

MARCH 17, 2024

Second opinion If a prospect doesn’t seem receptive at first because they believe they have everything taken care of as far as estate planning or business succession planning, ask them if they would be willing for you to give them a second opinion for free.

Estate Planning 88

Estate Planning Financial Advisor Clients Education 88

eMoney Advisor

DECEMBER 6, 2022

If you’ve prompted your clients to think ahead about evacuation planning, a home inventory, and a plan for documents, then they’ll be more likely to get out of harm’s way when necessary. 1 A Virtual Go-Bag and More to Guard Documents. Sometimes you need the physical, notarized copy of a document.

Financial Planning 97

Financial Planning Clients Planning Estate Planning 97

Dear Mr. Market

APRIL 6, 2022

Aside from the legalities of estate planning, this exercise is perhaps the single most loving and considerate document you can create for your family that they will forever be grateful for. Review this document annually and share it with your executor so that everything is crystal clear.

Estate Planning 52

Estate Planning Insurance Accounting Planning 52

Nerd's Eye View

JUNE 4, 2024

Read More.

Fee Only 130

Fee Only Financial Advisor Clients Estate Planning 130

Nerd's Eye View

JUNE 4, 2024

Read More.

Fee Only 130

Fee Only Financial Advisor Clients Estate Planning 130

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. They are intended for the sole use of the addressee.

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. Adopting a program of planning early, and monitoring that program, often brings the best results.

Estate Planning 52

Estate Planning Taxes Planning Clients 52

Indigo Marketing Agency

AUGUST 22, 2024

How a Marketing Agency Can Help: A marketing agency can facilitate soliciting feedback through email communication and social posts. Communicate Regularly and Effectively One of the most impactful client retention strategies for financial advisors is regular and effective communication.

Financial Advisor 52

Financial Advisor Clients Communication Education 52

Good Financial Cents

MARCH 30, 2023

How a Family Trust Functions A family trust is a legally binding document that covers an individual’s assets during one’s lifetime and specifies the terms of dispersing those assets after one’s death or incapacity. Types of Family Trusts To make estate planning a bit more confusing , there are different types of revocable trusts.

Estate Planning 111

Estate Planning Taxes Assets Distribution 111

Carson Wealth

DECEMBER 20, 2022

Having proper estate planning documents can help ensure your assets pass where, when, and how you want them to. Financial planners study and practice cash flow planning, credit planning, saving for a big purchase, retirement planning, estate planning, wealth management and insurance techniques.

Financial Advisor 52

Financial Advisor Certified Financial Planner Financial Planner Retirement Planning 52

Zajac Group

NOVEMBER 7, 2024

Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Are You in the Process of Building Your Estate Plan? Let’s take a look at the tax impact and other considerations of each. .

Planning 52

Planning Estate Planning Taxes Assets 52

WiserAdvisor

FEBRUARY 21, 2023

Financial advisors can also help the elderly understand the best practices in terms of sharing personal or financial information, maintaining privacy, and keeping their financial and legal documents safe. Help the elderly with estate planning Estate planning is an integral component of financial advice for seniors.

Financial Advisor 104

Financial Advisor Clients Estate Planning Education 104

Carson Wealth

AUGUST 3, 2023

The goal is to treat each child fairly, and communication and transparency are crucial. Estate Planning When creating an estate plan for a blended family, it’s best to get rid of old documents and start fresh.

Budgeting 52

Budgeting Estate Planning Insurance Retirement 52

Brown Advisory

JULY 28, 2022

Estate Plan: The prenuptial agreement also addresses each spouse’s disposition of assets on death and sets the “floor” of what each spouse must leave the other. It’s important to understand—and communicate to your child—that wanting to protect their wealth isn’t only about money or completely cutting off the divorced spouse.

Planning 52

Planning Estate Planning Strategic Planning Distribution 52

Brown Advisory

OCTOBER 12, 2023

Updating the Estate Plan: The prenuptial agreement also addresses each spouse’s disposition of assets on death and sets the “floor” of what each spouse must leave the other. Developing these documents provides a process for reaching agreement on the family’s core values and creates a shared vision among all family members.

Planning 52

Planning Estate Planning Strategic Planning Clients 52

Harness Wealth

SEPTEMBER 23, 2024

Technology can also enhance client engagement by using tools like client portals and e-signature software to streamline communications. How Harness Helps Automate Your Work To start, the Harness Client Portal is our proprietary platform for client communication and engagement management.

Taxes 52

Taxes Clients Compliance Tax Planning 52

Carson Wealth

SEPTEMBER 19, 2022

Credit planning. Retirement planning. Estate planning. Financial advisors also spend years developing strong listening and communication skills to help you talk through your goals, uncover hidden risks and plot a course to work towards success. Saving for big purchases. Wealth management.

Financial Advisor 52

Financial Advisor Financial Planning Wealth Management Wealth Accumulation 52

Brown Advisory

DECEMBER 2, 2015

An essential step in estate planning is making sure beneficiaries know all the responsibilities and challenges that accompany the management of increasing wealth. When an aging parent with an air-tight estate plan fails to prepare heirs for an inheritance, an act of kindness runs a high risk of backfire.

Estate Planning 52

Estate Planning Asset Allocation Assets Planning 52

Harness Wealth

JUNE 5, 2024

When it comes time for Kelley and his clients to work together, the Harness client portal makes it easy for them to collaborate, upload documents, and provide tax questionnaire information in one central location. Gabe helps facilitate client communications, set up introduction calls, and manage tax engagements through the client portal.

Taxes 64

Taxes Clients Planning Tax Planning 64

Brown Advisory

SEPTEMBER 3, 2015

Such protection can be a cornerstone for sound estate planning. A discretionary trust can provide a means of multigenerational estate planning by establishing how assets are passed on and reduce future generations’ potential estate-tax liability. Family limited partnership (FLP). Shielding Assets.

Estate Planning 52

Estate Planning Assets Distribution Taxes 52

Brown Advisory

DECEMBER 2, 2015

It also encompasses intended lifestyle, charitable giving, retirement and estate planning, and liabilities, including anticipated costs for health care. During times of market volatility, such long-term planning enables clients to shake off an impulse to sell. Ensuring Legacies Last. By Joe Ferlise, Strategic Advisor.

Taxes 52

Taxes Clients Estate Planning Portfolio 52

Brown Advisory

NOVEMBER 28, 2018

For clients whose net worth falls below the federal exemption limit, we still recommend that they review their existing estate planning documents with us and their other advisors, to determine if any of the new tax formulas are poised to create undesirable results. RISING INTEREST RATES.

Planning 52

Planning Taxes Clients Estate Planning 52

Sara Grillo

JULY 8, 2022

Yesterday it was early retirement projections for a corporate executive, tomorrow it’s a call with a planner to review a client’s estate plan. We spend about 12 hours reviewing and updating an established client’s plan each year, but I’m only responsible for about 4.5 hours of it.

Financial Advisor 59

Financial Advisor Financial Planner Clients Financial Planning 59

Brown Advisory

MARCH 1, 2016

Through her will, former first lady Jacqueline Kennedy Onassis left behind a sizeable inheritance for her children while incorporating an innovative estate planning tool aimed at meeting her philanthropic goals. Its potential benefits show that innovative estate planning never goes out of style. .

Taxes 52

Taxes Estate Planning Assets Communication 52

Brown Advisory

JUNE 2, 2016

Terms like “estate planning” and “wealth transfer” provide little shelter from a painful reality—a large portion of what we do as advisors focuses on the issues associated with our clients’ mortality. This communication and any accompanying documents are confidential and privileged. Thu, 06/02/2016 - 13:56.

Taxes 52

Taxes Assets Clients Tax Planning 52

Harness Wealth

MARCH 5, 2024

They often work on more complex legal tax matters involving legal disputes and audits, estate planning, or business tax intricacies. Additionally, think about how you prefer to communicate and to what degree the technological tools of the firm are important to you.

Taxes 52

Taxes Tax Planning Ethics Education 52

Clever Girl Finance

SEPTEMBER 7, 2023

These documents provide a clear view of your income sources and expenses, and then offer essential pieces of the financial puzzle. Involving your children in family budgeting fosters financial literacy and open communication about money matters from an early age. These goals are all about securing your future.

Budgeting 85

Budgeting Transportation Medical Insurance 85

Brown Advisory

JUNE 16, 2016

The rules for annual exclusion gifts let you gift up to $14,000 each year to an unlimited number of beneficiaries without gift tax liability and without chipping away at your estate tax exemption. These gifts should therefore be a cornerstone of your estate plan if your estate exceeds the applicable estate tax exemption (currently $5.45

Planning 52

Planning Taxes Assets Clients 52

Brown Advisory

DECEMBER 4, 2017

The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics. We can dedicate time to reviewing any and all of your existing trusts and trust documents to verify that they are fully aligned with your evolving goals. Since last year’s U.S.

Planning 52

Planning Taxes Clients Tax Planning 52

Brown Advisory

FEBRUARY 13, 2017

Our next priority was to ensure Sharon’s estate plan was in place and up to date. In addition to reviewing basic trust, will, and power of attorney documents, we advised her on the best entity to use for setting up her business, and on how to keep her business cash flows separate from her personal accounts.

Clients 52

Clients Portfolio Planning Education 52

Brown Advisory

FEBRUARY 13, 2017

Our next priority was to ensure Sharon’s estate plan was in place and up to date. In addition to reviewing basic trust, will, and power of attorney documents, we advised her on the best entity to use for setting up her business, and on how to keep her business cash flows separate from her personal accounts.

Clients 52

Clients Portfolio Planning Education 52

Brown Advisory

NOVEMBER 12, 2015

We encourage you to speak with your team at Brown Advisory, who can help tailor your portfolio and your estate planning strategies to your particular circumstances. . Regulations contained in IRS Circular 230 regulate written communications from us concerning tax matters. Circular 230 Compliance Statement.

Planning 52

Planning Taxes Distribution Medical 52

Sara Grillo

MAY 8, 2023

Well, you’ve seen the website and… Yeah, the Andy actually bought an IU policy and he’s taking us with him on his journey, he has a whole website that goes over all the documents that he got when he bought it and… It’s absolutely phenomenal. BOBBY SAMUELSON: I love it. SARA GRILLO: I do.

Insurance 59

Insurance Clients Financial Advisor Accounting 59