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Wealth Management News & Resources

Life Insurance Can Be a Powerful Estate Planning Tool for Nontaxable Estates

Life Insurance Can Be a Powerful Estate Planning Tool for Nontaxable Estates


For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate taxes and other expenses. Today, the gift and estate tax exemption has climbed to $11.4 million, so estate taxes are no longer a concern for the vast majority of families.

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Business Owners: How Prepared Are You for a Successful Transition?

Business Owners: How Prepared Are You for a Successful Transition?


Recent studies by the Exit Planning Institute (EPI) show that 66% of the current American business market is owned by Baby Boomers, who are set to transition their businesses to new owners over the next zero to ten years.(1) According to the folks at the EPI that represents approximately $10 Trillion in business value.

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No, It’s Not Unusual to Include Your Pet in Your Estate Plan

No, It’s Not Unusual to Include Your Pet in Your Estate Plan


An unexpected outcome of the recent death of designer Karl Lagerfeld is that the topic of estate planning for pets has been highlighted. Lagerfeld’s beloved cat, Choupette, played a major role in his brand. The feline was the subject of a coffee table book and has a large Instagram following.

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Have You Properly Substantiated Your 2018 Charitable Gifts?

Have You Properly Substantiated Your 2018 Charitable Gifts?


Donating to charity is a key estate planning strategy for many people. It reduces the size of your taxable estate and it can help you leave a lasting legacy with organizations you care about.

The benefit of making such gifts during life rather than at death is that you may be eligible for an income tax deduction.

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Building an On-Off Switch into Your Estate Plan

Building an On-Off Switch into Your Estate Plan


The right estate planning strategy for you likely is the one that will produce the greatest tax savings for your family. Unfortunately, there can be tension between strategies that save estate tax and ones that save income tax. This is especially true now that the Tax Cuts and Jobs Act nearly doubled the gift and estate tax exemption — but only temporarily.

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