Katie Kuehner-Hebert

Advisors can benefit only if they actually interact and then follow up.

Don’t be too ‘salesy,’ but rather highlight advice and expertise.

Some advisors set up expectations during the onboarding process.

Advisors can benefit only if they actually interact and then follow up.

Family office advisor Rick Flynn rebrands his practice and teams with two other veterans.

Provide informative and entertaining tidbits to engage clients and attract new ones.

Advisors may want to help clients research charitable giving, which overall could top $8 trillion as more baby boomers retire, according to a new study from Merrill Lynch and Age Wave. Advisors can help clients with their research.

Munis are a great option for high-income taxpayers, but be mindful of the AMT.

Munis are a great option for high-income taxpayers, but be mindful of the AMT.

These are now less common as an estate must have more than $10.8 million to be taxed.

These are now less common as an estate must have more than $10.8 million to be taxed.

For starters, these may be subject to the 3.8% net investment income tax.

For starters, these may be subject to the 3.8% net investment income tax.

Clients can consider gifting up to $14,000 to as many individuals each year before gift taxes kick in.

Clients can consider gifting up to $14,000 to as many individuals each year before gift taxes kick in.

Clients should consider spreading out transfers over their lifetime to lower tax liabilities.

Strategizing Wealth Transfers to Heirs to Lower Taxes

Advisors should tell parents that this may not be in the entire family’s best interest.

Some think they should if it interferes with their retirement plans, but others say it isn’t their place.

The speed of converting funds from a traditional to a Roth IRA depends on the tax implications, as well as the client’s age, health, need of funds and estate planning considerations.