Answering clients’ estate planning questions this December
This article offers answers to questions from clients who are concerned about protecting their estate from tax changes that might happen in 2021.
Estate planning
Great time for a GRAT
Grantor retained annuity trusts may be an optimal wealth-transfer vehicle for many.
Digital assets after death
Estate planning should account for a client’s digital assets, which often have significant financial or sentimental value.
Scholarship covers estate planning conference costs
Chris DeBlanc, tax supervisor at RSM US LLP, received the 2018 P. Thomas Austin Personal Financial Planning (PFP) Division Scholarship.
Talk to your tax clients now about charitable giving
Without guidance, clients can end up giving to charity in ways that aren’t tax-efficient.
Why family meetings are vital to estate planning
Lisa Featherngill, CPA/PFS, talks about why it’s so important for families to communicate about estate plans.
Exploring the estate tax: Part 2
This second part of a two-part article on everything practitioners should know about the estate tax covers estate tax planning techniques, including the marital deduction and the use of various types of trusts.
Exploring the estate tax: Part 1
This first installment of a two-part article on everything practitioners should know about the estate tax includes the unified estate tax rules and exemption amounts, estate valuation, portability, and what’s included in the gross estate.
Scholarship covers estate planning conference costs for emerging CPA
Shane Mason, tax supervisor at Raich Ende Malter & Co. LLP in New York City, received the 2017 P. Thomas Austin Personal Financial Planning Division Scholarship.
Use of trust disclaimers in estate planning
A beneficiary’s disclaimer could adjust the results of an existing irrevocable trust.
Preserve family wealth—and your practice—by engaging the next generation
As wealthy Baby Boomers transfer their assets to Millennials, CPAs can help families preserve their assets and build loyalty to the firm by developing relationships with the younger heirs.
Scholarship funds Estate Planning Conference costs
The annual scholarship is awarded to a CPA who has 15 years' or less experience in the workforce and less than 10 years' experience in estate planning.
How to work with a grieving client
A growing elderly population means an increasing number of clients losing spouses, and CPAs with strong emotional intelligence will have better relationships with their clients and get more referrals.
Why you should review the funding of your clients’ irrevocable trusts
CPAs, their clients, and other advisers should review funded irrevocable trusts for these points.
The elder planning documents your clients must have
It’s vital that your clients have certain documents in place to protect themselves and their assets in the event of their physical or mental incapacity.
Afraid to bring up elder planning with your aging clients?
When clients wait too long to plan, they can find themselves scrambling to pay unexpected bills.
Estate basis consistency and reporting: What practitioners need to know
The new law imposes a potentially elaborate reporting regime for values of estate property and ominous consequences for failures.
3 steps clients with kids in college need to take
It’s important clients have a plan in place in the unlikely event that they will need to make medical or financial decisions on behalf of their college-student children.
What to do when a client wants to give an LLC or limited partnership unit to charity
Many charitable organizations will not accept a gift of an LLC or limited partnership units because the entity’s business is not part of their charitable mission.
Don’t let your clients miss out on the IRD deduction
Many practitioners still have some questions about when and how the IRD deduction is used.
