Married taxpayers have estate planning options others don’t.
This article offers answers to questions from clients who are concerned about protecting their estate from tax changes that might happen in 2021.
Grantor retained annuity trusts may be an optimal wealth-transfer vehicle for many.
Estate planning should account for a client’s digital assets, which often have significant financial or sentimental value.
Chris DeBlanc, tax supervisor at RSM US LLP, received the 2018 P. Thomas Austin Personal Financial Planning (PFP) Division Scholarship.
Without guidance, clients can end up giving to charity in ways that aren’t tax-efficient.
Lisa Featherngill, CPA/PFS, talks about why it’s so important for families to communicate about estate plans.
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.
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.
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.
A beneficiary’s disclaimer could adjust the results of an existing irrevocable trust.
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.
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.
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.
CPAs, their clients, and other advisers should review funded irrevocable trusts for these points.
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.
When clients wait too long to plan, they can find themselves scrambling to pay unexpected bills.
The new law imposes a potentially elaborate reporting regime for values of estate property and ominous consequences for failures.
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.
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.