Theres been a fundamental shift in advisors main estate planning concerns in recent years. With estate-tax exemptions considerably higher, theres less need to worry about estate-tax minimization. Instead, there is a greater emphasis on income tax considerations and an opportunity to offer a different array of valuable planning ideas.
While some of these tips might require the involvement of the clients lawyer or CPA, others are entirely within the scope of the wealth manager. Here are a few key ways advisors can add value for elderly clients, as well as for their heirs.
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