Clients may be more open to discussing serious illness planning than death planning
Despite concerns about saving, only 13% of respondents recently consulted an advisor
Although there are tools to help, financial advisors still say it’s best to maintain updated information
What to know before administering an estate
Strategic withdrawals allow clients to smooth out their income levels over retirement
Trustees must use Schedule 15 to report names, addresses and tax information numbers for beneficiaries
Agency requires names, addresses and taxpayer information numbers under expanded trust reporting rules
Challenges for business-owner clients include taxable disposition and compliance costs
It’s not too early to consider the estate implications if someone dies while holding an FHSA
The amount has been falling in real terms