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How much does a client need to save for out-of-pocket health care costs in retirement? It’s a question even the brainiest, actuarial propeller head will wrestle with. But with recent studies pointing to the comparatively poor health of...
Lawyers get requests for powers of attorney all the time, and they're easy to churn out and then forget. But beware. Powers of attorney also are very easily abused. So easily, in fact, that the Illinois docket where we practice is flooded with...
If a client is considering using a corporate trustee as a sole trustee, co-trustee or successor trustee, he'll probably want to interview several institutions and his estate-planning lawyer should be intimately involved in this process. While...
The Pension Protection Act of 2006 (PPA)1 imposes new penalties on appraisers that are deemed to have made substantial or gross valuation misstatements. These stiff penalties are articulated in new Internal Revenue Code Section 6695A (see Go to...
It's been five years since the Internal Revenue Service issued Notice 2002-8, the pronouncement that was supposed to clarify treatment of those split-dollar plans that had been established before the Service issued the final regulations. But many...
Asset protection planning is a moving target. Practitioners must constantly be aware of case developments and changes in the law, which must be reflected in their plans. Nevertheless, some advisors operate by rote and give every asset protection...
Clients are bombarding you with cost-basis questions. There's a steady stream of new directives from It's becoming impossible to find a couple hours a day to figure out the office's NCAA pool. But it might behoove you to put down the brackets and...
Want to goose your revenues? Of course you do. But how? For an increasing number of advisors, one solution is targeting small companies' 401(k) plans. There are a host of services you can provide, anything from setting up the plan and choosing the...
Pay close attention to the customer when you’re picking stocks. No, not your customer (though that’s probably a good idea, too)—the customer of the company whose stock you want to buy. Here’s why: Companies that get high...