You might think of the gift tax as the lesser of two evils for transferring wealth, with the other evil being the estate tax. Certainly, it can be cheaper to pay gift tax rather than estate tax, because of the gift tax's nature.1 But always...
In a bull market, one of the best ways to transfer wealth is by a sale to a grantor trust. Little wonder that it's been so popular for the past 20 years. But a net gift coupled with a loan for the gift tax can transfer more wealth and at a faster...
Financial advisors are, apparently, hungry for insurance: Two-thirds of registered reps plan to sell more life insurance products over the next two years. And most reps consider insurance an especially important part of an individual's financial...
The wobbly economy and plunging stock market might cause some of your clients to start thinking less about charitable giving and more about charitable receiving. But for those not lining up at the local soup kitchen, the motivation to give to...
Clients who have children heading off to college next year and beyond are facing a convergence of events that will drastically reduce the typical family's ability to cover those higher education expenses. Most of the clients' myriad sources of...