1. The annual gift tax exemption is $14,000 per person. Which means every individual can gift $14,000 to as many people as they desire without having to file ANY gift tax returns.
Perfect time to fund (gift) an irrevocable life insurance trust and leverage the estate by removing assets and purchasing life insurance within the ILIT.
Read MoreThe obvious answer is spending down principal. What causes a client to do this though? In my twenty plus years or working with clients and advisors the common answer is not that people spend with disregard to their assets but that an emergency comes up they have not prepared for.
Read MoreWhen I first started in the insurance business 20 years ago I was taught to begin planning for the following year in late October so it was completed by mid-December and I could hit the ground running the first day back in January.
Read MoreA recent survey by Investor’s Business Daily indicated that 79.5% of clients are somewhat or very satisfied with their financial advisor. While impressive it is down from the prior year.
The number one factor in satisfaction was trust by a large measure. Next was performance.
Read MoreWelcome to our new website. Our goal is to make it functional for you, giving you the information quickly in a way that will help you help your clients.