The Estate Plan: Has the current estate tax climate ended the need for trusts?

Has the current estate tax climate ended the need for trusts? Let’s hope not, because there are still valid reasons advisors should have this structure in their arsenal. In the early part of the last decade, the most common reason for families to replace their wills with a Revocable Living Trust was to reduce exposure … Continue reading

Nine Things Women Should Know About Estate Planning (Forbes article)

Estate Planning Is A Women’s Issue While important to both sexes, estate planning often affects women more profoundly. Women live longer on average and tend to marry older spouses, making them three times as likely as men to be widowed at 65. So for women, estate planning is a crucial part of retirement planning. And … Continue reading

Gifting To An Annuity: A New Strategy For Estate Planning

Young adults today know that their retirement may not be like the retirement enjoyed by their parents. With fewer employers providing defined benefit pension plans, coupled with concerns about the future viability of Social Security, most young adults must build their retirement savings via contributions to an employer-sponsored 401(k) plan and their own personal savings. … Continue reading

Financial Underwriting Tips For The Estate Market

The Tax Relief Act of 2010, which was signed into effect in December, brought significant changes to the estate, gift and generation skipping transfer taxes. Much has already been written about the window of opportunity that exists in 2011 and 2012 because of the act’s dramatic increase in the exemption to $5 million and the … Continue reading

“B” Trust Funding—Paying Life Insurance Premiums Without Impairing Cash Flow

The Challenge One of the greatest challenges of estate planning is to design an estate plan to transfer wealth while providing the necessary liquidity to pay estate taxes and other transfer costs. Life insurance is frequently used to provide this liquidity, but paying the life insurance premiums can be a difficult second challenge—especially when one … Continue reading