Estate Planning

Category Archives

6 Takeaways from Cahill Tax Court Case: Intergenerational Split Dollar

The recent Estate of Cahill tax court case gives us a glimpse into the court’s view of intergeneration split dollar arrangements (GSD). In particular, the court focused on, among other things, the valuation of the loan repayment for estate tax purposes, as well as the appearance of the transaction as a vehicle for below market transfers to family members. Although the tax court did not issue a summary judgement and the case will now move to trial for a decision, the comments of the tax court are telling.


Estate Planning: The Cost of Waiting

Following the 2017 Tax Act, many advisors have asked how to respond to clients who say that there is no urgency in planning given the tax changes. To address this lack of urgency, consider the following:

  • the non-tax needs of the family–including liquidity to equalize gifts among heirs,
  • the preference heirs may have to buy each other out of unwanted assets, and
  • the desire to ensure long-term care for a special needs family member.

How Financial Planners Can Talk to Their Clients About Estate Planning

Financial planners operate in an ideal place to educate and guide their clients toward creating a robust estate plan.


Estate Planning Shifts Focus to Digital Realm

Estate planners must work with their clients to understand how important digital assets should be handled.


Blended Families Create Estate Planning Challenges

An increasing number of children in the U.S. live in blended households, meaning divorced parents are remarrying and forming new familial relationships. This creates estate planning considerations that many high net worth consumers may not be prepared to address. .


Too Many Family Businesses Are Without a Succession Plan

The majority of family businesses in the U.S. do not have a proper business succession plan in place for senior roles, according to  a recent report from PricewaterhouseCoopers US Family Business Survey. In fact, 73 percent of family businesses found themselves without a documented succession plan – a trend financial professionals must help their clients combat.


Estate Equalization with Life Insurance [Infographic]

Understand how estate equalization works, learn the benefits and considerations to take with this easy to use infographic. Estate equalization allows clients to leverage a pool of liquidity they can utilize to ensure beneficiaries receive their fair share.


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