Tag Archives: Financial Planning

“Trouble Ahead, Trouble Behind,” and You Know that Notion Never Crossed My Mind: Avoiding 5 Common Mistakes in Life Insurance Planning

“In a world of increasing commoditization, adding value is key. Advising on product selection and identifying common trouble spots in the development of a life insurance plan can offer advisors significant opportunities to provide value to their clients. Collaborating with other allied advisors early on in the client’s planning also can alleviate many of these problems without creating extensive delays to policy issuance.”

To see the full report, click here.

View Post

Premium Financing – Fraud Charge Against Insurer and Broker Dismissed

“Institutional premium financing loans to ILITs—requiring collateral from the grantor to protect any shortfall between the amounts loaned and the policy cash value—are very complicated propositions.  Generally, this kind of premium financing should be considered only when….”

To read the full report, click here.

View Post

Getting Everyone on the Same Page -­ Life Insurance Basics for the Allied Advisor

“The increased complexity and sophistication of life insurance products emphasize the importance of the advisor’s role in explaining the fundamental differences between life insurance products to the client.”

To read the full report, click here.

View Post

Rest in Peace: Adequate Disclosure on Gift Tax Returns – Seeking Closure on Clients’ Legacies

“If clients are going to spend the time and expense to plan, then they should also try to protect their efforts.  Adequate disclosure is a proactive tool for clients to ensure some finality in the valuation and potential taxation of their lifetime legacy planning.  Clients should plan to provide full and detailed disclosure, which will require extensive cooperation and coordination among all the client’s advisors (insurance, financial, accounting, legal) to avoid mistakes that could otherwise result in costly amendments of returns and additional audit and tax exposure to the client.”

To read the full report, click here.

View Post

The Hits Just Keep on Coming: 2016 Gift, Estates & Trusts Priorities – IRS Names Grantor Trusts Among New Items

“The Priority Guidance Plan indicates that 2016 could be an eventful year for estate and life insurance planning.  The potential uncertainty of the scope, content and timing of the planned guidance emphasizes the importance of having access to not only updated technical information but also to practical analyses of these tax developments, their real world application, and how advisors and clients should respond.”

To read the full report, click here.

View Post

Market Watch – Planning Before Interest Rates Rise

“Planning with estate “freezes” has been popular in this low interest rate environment. The potential for rising rates before year-end may incentivize clients to move sooner rather than later on these opportunities.”

To read the full report,  click here.

View Post

For Parents With Troubled Adult Children, Financial Hurdles Abound

“There are many painful, emotional issues surrounding crises like mental illness and addiction that affect children. But there are concrete financial steps parents can take that won’t worsen their child’s condition, enable their child’s addiction or, in the case of mental illness, run afoul of limitations on the number of assets a person can have and still qualify for government benefits.  One starting point is a special-purpose trust, which can provide care for the suffering child and peace of mind for the parent.”

To read the full article, click here:

View Post

Investors Rethink Stocks Given to Family Trusts

WSJ

“Some individuals who set up grantor retained annuity trusts, or GRATs, in previous years now are swapping out the investments they put into those trusts—and replacing them with other holdings, cash or promissory notes that are of equal value today.”

To read the full article, click here.

View Post