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The cost of long-term health care continues to spiral and insurance companies continue to cover fewer and fewer long-term needs. As a result, it's important for advisors to help their older clients plan for long-term care while protecting their...
I've counseled thousands of clients about the need for advance directives as an integral, critical component of an estate plan. Advance directives can be the most important document a client signs. If difficult health care decisions are to be made...
There's a new type of asset protection technique that's evolved from a well-established and highly effective elder law planning tool: the irrevocable income only Medicaid trust (IIOMT). We find the IIOMT to be an extremely effective tool in...
For estate planning using life insurance, and especially for large premium cases, split dollar offers an attractive method for funding the premiums with favorable gifting consequences. Before 2003, the rules for split dollar were a collection of...
New 401(k) advice rules are long overdue, but coming. In the meantime, retirement plan advisors may have to do some soul searching. Do you want to be a fiduciary?
The nest eggs of high net worth Baby Boomers got clobbered during the financial crisis. Between 2007 and 2008, their investable assets plummeted by 22 percent, to $5.3 trillion, according to recent research by the Corporate Executive Board...
Advisors, take note. IRA rollovers are picking up steam in the U.S., creating an opportunity to expand your share of Baby Boomer assets. Cogent Research plans to release a report next week showing that wealthy investors in the county are holding...
