Martin M. Shenkman
Martin M. Shenkman, CPA, PFS, JD, is a Financial Planning contributing writer and an estate planner in Fort Lee, New Jersey. He is founder of Shenkman Law. Follow him on Twitter at @martinshenkman
Martin M. Shenkman, CPA, PFS, JD, is a Financial Planning contributing writer and an estate planner in Fort Lee, New Jersey. He is founder of Shenkman Law. Follow him on Twitter at @martinshenkman
Advisors must be prepared with tax and planning strategies to help when clients fall ill.
For ultrawealthy clients who own property, an adviser's starting point should be an irrevocable trust. But you can't stop there.
Bequests, endowments and other gifts demand expertise beyond traditional tax and estate help.
There's no point in waiting on new policy to initiate preparation that is protective and vital, no matter what the ultimate law may be.
Given how dysfunctional many families are during a crisis, a lack of coordination of agents can sow even more financial confusion, and even conflict.
Either a Clinton or Trump presidency could potentially bring changes in estate tax laws, so start preparing now.
The IRS has proposed regulations that could reduce or eliminate valuation discounts for the wealthy by the end of the year.
Planners may be called on to invest assets within a client’s trust, but the ability to do so can vary greatly. What's more, the election outcome could eliminate some trusts altogether.
If a client becomes incapacitated, who will give the financial planner directions?
Examining these issues may take the guesswork out of a client's estate plan.