When meeting with current or prospective clients who have young children, you can, by asking one simple question and two follow-ups, gain their trust, get them to disclose their entire financial picture and ingratiate yourself with a great source...
If you are serving high-net-worth clients or hope to do so you should be familiar with family limited partnerships, or their kissing cousins, limited liability companies. These are estate planning and asset management tools that wealthy families...
It's easy to see why charitable remainder trusts, or CRTs, continue to grow in popularity. You get to eat your cake and have it, too. CRTs allow donors to sell appreciated stock without paying capital gains, place them in trust and hang onto an...
Too often advisors have regarded charitable giving as a zero-sum game. Every penny your client gives to charity is a penny deducted from your AUM tally. In fact, knowing the basics of charitable giving can build up your bottom line in several ways...
The stock market may be sickly, but plenty of Ken Richard's clients face painful capital gains tax bills. A registered financial consultant at Kara Financial Services in St. Paul, Minn., Richard advises longtime employees of such Minnesota blue...
Throughout its history, an important factor in American life has been the vital role charities and philanthropic institutions have played in an economic, political and cultural mix that includes business, government and private philanthropy. In...
Wit,Wisdom & the Fiduciary Professions Dangerous Postponement Without Cause Ongoing thoughts about a misinformed public reaction to transfer tax reform By Ror M. Adams, Chair Editorial Advisory Board Many of our readers have communicated to us...
