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Planning for Advanced Asset Protection Asset protection is vitally important in our ever more litigious society, and more wealth planning teams are needed who understand the intricacies of this area and can collaboratively implement advanced strategies. Whether creating an entire plan for the client or creating additional asset protection measures added on to an existing plan, you want to know...

Practice Transition Plan A large part of many financial service professionals' practices is helping clients with business succession planning. Yet only 29% of these professionals have created a formal practice transition plan for their own businesses. In this edition of The Planner, we will look at some of the steps involved in transition planning for a financial service practice, including...

An Overview of Estate Planning Our clients expect their estate planning will cause their property to go to whom they want, the way they want, when they want and that it will minimize the impact of taxes, professional fees and court costs. They also expect their estate planning will help them keep control of their property while they are alive...

Continuum of Care: Client Update Meetings/Financial Control System. You want a satisfying, long-term relationship with clients, meaningful recurring revenue and referrals from existing clients. Your clients want a trusted advisor relationship with you and they want coordinated estate, financial and tax planning that protects them, their family, and their business interests. A client update process or financial control system is...

IRA's And Qualified Retirement Plans For Wealth Transfer Planning Coordinating retirement plans with wealth transfer planning can be challenging. This is primarily because retirement accounts are driven by income tax laws designed to encourage Americans to accumulate wealth for retirement, not for transferring wealth upon death. In this edition of The Planner we will examine some of the critical rules...

Asset Protection The Team Approach Asset protection planning is a growing area of practice for many members of the estate planning team. But, it is not something that one member of the team can do alone. It may not take a village, but it does take a team. In addition to specific legal strategies that may be of critical importance...