Category Archives: Uncategorized

Year-End Planning Considerations

“As 2020 approaches, year-end planning considerations for clients include: 
(1) making use of temporarily higher transfer tax exemptions; (2) managing market gains in 2019; (3) planning to take advantage of continued low interest rates; (4) closing life insurance transactions; and (5) monitoring developments in generational split-dollar.”  

To read the full report, click here.

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Forget Something? Make Sure to Change Life Insurance Beneficiaries Post-Divorce

“Typically, after divorce, individuals no longer want their former spouses to receive life insurance death benefits. In many cases, the terms of the policy and/or applicable state laws will automatically revoke the designation of a former spouse as a life insurance beneficiary, but this is not always the case.” 

To read the full report, click here.

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Key Planning Insights from the 2014 Heckerling Institute – It’s a Whole New World

AALU WRMarketplace

“The current tax laws have revolutionized estate planning, eliminating the traditional emphasis on lifetime gift planning and stressing the need for highly customized client plans designed to minimize income tax exposure and to preserve overall wealth.”

To read the full report, click here.

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NAEPC Webinar: “How Collaborative Teams Work and Why They Are Essential For High Net Worth Clients

NAEPC

Wednesday, February 12, 2014
3:00 pm – 4:00 pm ET

“How Collaborative Teams Work and Why They Are Essential For High Net Worth Clients”
Expertise offered by:
Albert E. Gibbons, CLU®, ChFC®, AEP® (Distinguished) / AEG Financial Services
Program moderated by Paul S. Viren, CLU®, ChFC®, AEP®

About the program:

The more complex the wealth, the more sophistication is required of each advisor. It is not possible for one individual or even one firm to have the ability and skill to advise regarding investments, taxes, wealth transfer, business succession, risk management, family wealth issues, valuations, philanthropic strategies and the interrelationship between them all. This presentation will focus on how to form and focus superb estate planning teams that will serve the best interests of clients.

About the speaker:

Al Gibbons specializes in estate planning and life insurance planning for high net worth individuals, high-level corporate executives, and successful entrepreneurs. He works closely with professional tax advisors (attorneys, accountants, and trust officers) designing and implementing sophisticated life insurance strategies to help solve their clients’ unique estate protection needs. Creator of The 80/20 Estate Plan™, Al Gibbons’ expertise emphasizes an effective estate planning process that results in clients taking action and achieving the desired results. A talented thinker, speaker, and writer, he has achieved a national reputation and is sought after to explain what he does and why it is so effective. He is a Life Member of the Million Dollar Round Table and the prestigious Top of the Table. Al is an active member of the Forum 400, the Association for Advanced Life Underwriting, and Philadelphia Estate Planning Council.

This program is suitable for all levels of knowledge.

REGISTER HERE or online at http://www.naepc.org/events/webinar.

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New York Tax Commission Proposes Changes to State Gift and Estate Taxes

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In the Commission’s recently released report, it recommends reforming the state’s estate, gift, GST and income tax laws by (1) increasing the state’s estate tax exemption to $3 million and restructuring the estate tax rates, (2) repealing the state’s GST tax, (3) reinstating New York’s gift tax for gifts above a selected exemption threshold (or, alternatively, adding gifts above that threshold back into the taxpayer’s estate at death), and (4) “decoupling” from the federal income tax treatment of certain nonresident, non-grantor trusts (e.g., so-called Delaware Incomplete Non-Grantor Trusts (“DING”) trusts), allowing New York to tax the income of such trusts either at the grantor or beneficiary level. We are likely to see the Commission’s reforms, or versions thereof, introduced in New York’s next legislative session.

To read the full report, click here.

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