10 estate planning tasks your client should do before 2013

By Jonathan A. Mintz, J.D. for LifeHealthPro.com. Jonathan Mintz is chief operating officer of WealthCounsel, a membership organization of thousands of estate planning attorneys located in all 50 states. Jonathan is also the COO of WealthCounsel’s sister company, The Advisors Forum LLC The end of the year will be here before we know it. But … Continue reading

Making the Most of Gifting in 2012

Time is running out on an historic planning opportunity Time is running out on a historic opportunity to help clients gift more than ever to their beneficiaries while paying little, or even nothing, in federal taxes. When the New Year’s Eve ball drops at midnight to welcome in 2013, it may usher out the greatest … Continue reading

Focus on the Legacy, Not the Tax Bill

As the current estate tax sunsets and uncertainty approaches, reframe your discussions with clients to focus on legacy planning rather than estate tax solutions. Concern over the stuttering economy, uncertainty surrounding the upcoming election and the ambiguity of future estate tax legislation have left many high net-worth Americans stunned and leery about planning for estate … Continue reading

MetLife Sales Solutions: The Business Owned Life Insurance Alternative

The irrevocable life insurance trust (ILIT) has long been a traditional estate planning tool. It can be an effective way to own life insurance that provides liquidity at death while keeping the death benefit out of the estate of the decedent. ILITs can also be used to leverage the lifetime gift and generation-skipping transfer tax … Continue reading

What’s Likely to Happen to Federal Transfer Taxes in 2012?

Probably Nothing Since 2012 is an important election year, many experts believe Congress is unlikely to pass any legislation relating to the federal gift, estate and generation skipping transfer (GST) taxes. The current political differences between Republicans and Democrats make it unlikely the House and the Senate will reach a compromise which could win the … Continue reading