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I've got a way to boost your tax bill right now is one of the least effective ways to generate positive client interest, second only to a sign on your door proclaiming This office has been lawsuit-free for 38 days! So when you suggest to your...
It appears that the number of articles mentioning a real estate bubble now far exceeds the number of news stories warning of a stock market bubble before the 2000 crash. Understandably, clients may be asking themselves if the same thing that...
For the little commissions they generate, 529 plans have required quite a lot of effort on the part of financial advisors. When the business got started nearly a decade ago, states contracted with money managers to administer the tax-free...
Anyone who has ever watched a relay race or a football game knows that a lot can go wrong during a handoff. The same is true when control of a business is being passed from one person to the next. Indeed, the death, disability or retirement of a...
The relief efforts related to hurricane Katrina are doing what two decades of lobbying from the wealth advisory community could not: convincing legislators to let investors make tax-free donations from their IRA accounts. As part of an effort to...
One of the defining characteristics of closely held business owners is their need to control. This need prevents many from using lifetime transfer strategies, leaving only testamentary approaches, which are inherently less transfer tax efficient...
While President Bush and the Federal Emergency Management Agency were suffering scathing criticism for their slow response to the crisis Hurricane Katrina wrought on New Orleans and the Gulf region, the Internal Revenue Service and Congress were...
Advisors take note: Baby Boomers and their parents need to do some serious talking. According to a new study, Americans in their 70s are more at ease talking about estate-planning issues than people in their children's generation are. This is the...
The American Jobs Creation Act of 2004 (AJCA) significantly changed the charitable gift1 substantiation requirements concerning qualified appraisals (QAs).2 The new rules, codified throughout Internal Revenue Code Section 170,3 expand the...
