Wealth Planning

Simple ways to calculate true savings and investing records for education, retirement, and life insurance

Nearly one-half of all variable annuity sales are in individual retirement account (IRA) rollovers, according to the National Association of Variable Annuities, Reston, Va.

One of the most financially attractive exit strategies for the owner of a closely held business is to sell his company stock to an employee stock ownership plan (ESOP). An ESOP-assisted buyout can serve as a successful business succession plan...

David T. Leibell and Daniel L. Daniels, principals in Cummings & Lockwood LLC in Stamford, Conn., report: IRS issues series of rulings ultimately approving CRT termination in unusual circumstances. Did you ever have to make up your mind? Although...

From G. Warren Whitaker, a partner in the New York office of Day, Berry & Howard LLP, we have this report: The budget proposal submitted in March by the United Kingdom's current Labor government unexpectedly included provisions that would...

Most estate planners are aware that under Internal Revenue Code Section 642(g), estate administration expenses may be taken as estate tax deductions or income tax deductions but not both.1 In most taxable estates, that is to say estates where a...

Can a man savvy enough to have a telephone in his shoe decades before the invention of the cell phone ever be out of touch? Sadly, Don Adams the comedian who brought the goofy but ever-triumphant Maxwell Smart to life in the 1960s TV show Get...

Advisors who specialize in helping older clients deal with retirement plan conversions may be able to build an extremely lucrative practice

Most people would say the hardest part about the life insurance business is getting people to pay for the insurance. I disagree. Once a person selects a life insurance product, the most difficult challenge is getting the best possible offer from...

Many advisors are not aware that their clients might use Delaware trusts for state income tax planning. Delaware law can enable individuals residing in many states, such as New York, New Jersey, Kentucky, Massachusetts, Michigan and Missouri, to...