Wealth Management Articles

Our team has put together a collection of helpful and informative articles regarding wealth management.

If you're interested in learning more about wealth management, these articles may have just what you're looking for.

Portability versus the traditional credit shelter trust

Married couples have had a new estate planning choice these past few years.

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2015 IRS Retirement Plan Limits

To make it possible for voluntary retirement savings to keep up with inflation, the various numerical limits embedded within qualified retirement plans are indexed for inflation. In October the IRS announced the numbers that will apply in 2015.

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When Estate Planning Becomes Basis Planning

New conventional wisdom for many “smaller” estates: Avoid lifetime transfers, especially of appreciated assets, and maximize asset values at death.

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Quantitative Easing 3

In late October the Fed announced the end of the third installment of Quantitative Easing, a program of buying government bonds begun in September 2012

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Women and Money

One enduring theme of the last half-century is that stereotypes about “women’s work” and “men’s work” generally are unproductive. The sexes have equal intellectual capacities, and associating gender with occupation is particularly unhelpful, both for individuals seeking to make the most of their talents and for society at large.

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Why Your Family May Need a Corporate Fiduciary

The fiduciary standard is the highest standard of care recognized by the law. A salesman is under no obligation to determine that his product is appropriate for a buyer, or that the buyer can afford it, or that the purchase is in the best interests of the buyer. A fiduciary does have those obligations and more.

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Five Traps for Amateur Trustees

An item in Barron’s a few years ago by Lauren Foster demonstrates that being a trustee may be harder than some people expect. Foster’s observations are must reading for anyone who expects to be a trustee, or who has nominated a family member to serve as a fiduciary.

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Who Pays the Estate Tax?

Very often a will and a trust will have a “tax apportionment” clause to settle the question of which legacies will bear the burdens of taxation.  Typically, both marital and charitable bequests are exempted, because they do not themselves trigger death taxes. However, one is free to overrule that approach if so desired, if tax minimization is not a concern.

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Q&A on IRAs

A new report from the GAO estimates that 43 million taxpayers have IRAs, worth an estimated $5.2 trillion.  Some 42.3 million of these IRAs are worth less than $1 million, and 800,000 are worth more.  314 taxpayers have IRAs worth $25 million or more.  That is some serious capital, which can raise serious questions.  Here are four that crossed our desk recently.

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Financial Management for Single Seniors

Facts of life: Most retirees will be single for some period of time, and most of those singles will be women.

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Inherited IRAs

If you are a beneficiary of an estate that includes an IRA, we have two words for you: It’s complicated.

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Trusts for Special Needs

Parents and grandparents of a child with a lifelong disability, such as autism, have a special estate planning challenge. On the one hand, they want to provide the financial support that the child never may be able to provide for himself or herself. On the other hand, they want to protect the child’s eligibility for the full range of government support programs, including health care.

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