Advisorca is live-tweeting the 15th annual STEP conference, so stay tuned for tips and updates.
Comments are now open on the Budget 2013 proposal to eliminate the tax benefits of trusts and certain estates, which are taxed at graduated rates.
Many affluent investors avoid the subject because it touches on uncomfortable issues, including mortality and making sure loved ones are taken care of.
Last week, North America’s biggest funeral company, Service Corporation, ate up Stewart Enterprises last week for $1.4-billion.
Beth Israel Medical Center let copper heiress Huguette Clark live in a hospital room for 20 years while various officials campaigned her for donation dollars, says the New York Times.
Legacy: everybody has a different idea of what it looks like. But excessive taxes, legal hassles or family conflict shouldn’t be part of it.
Estate planning centres on one main goal: preserving estate assets. While advisors offer planning advice and employ various strategies to reduce the tax liability of the deceased’s estate, even the best efforts can be fruitless if the estate faces claims that wind up in court.
Understand the basic rules applicable to deceased taxpayers, estates and trusts
Retired clients are considered risk-averse, but there are always exceptions.
The resignation, removal and substitution of trustees.