Lastly, the Bettses are passionate about proper planning and advocate the importance of
estate planning to family and friends.
Many clients may need to move up a level on the
estate planning hierarchy to simplify the estate administration process for their heirs using a revocable trust or to give heirs the flexibility needed to take retirement plan distributions.
New grandparents would also be well advised to update
estate planning documents to provide a generation-skipping component, including a current gifting program.
Drimal professor of
estate planning at the American College, Bryn Mawr, Pa.
Specifically, the Library includes: CCH Tax Tracker News, a daily news service; Practitioner's Strategies, a series of columns by
estate planning practitioners; and,
Estate Planning Review, a monthly newsletter covering financial and
estate planning trends.
Financial planners should review existing
estate planning insurance policies.
Vern Kozlen, executive vice president of City National Investments, said successful
estate planning involves the transfer of a person's assets to his or her beneficiaries quickly and with minimal tax consequences.
Nor is
estate planning something to do in cookie-cutter fashion and without forethought.
A wide selection of educational offerings for Continuing Professional Education (CPE) credit as well as a special offering of the Institute for Business, Financial and
Estate Planning Symposium, will be provided at the National Society of Accountants' 2000 Annual Convention.
Succession planning is the major issue in family businesses; until you have the succession plan in effect, you can't really do the
estate planning," says Jeffrey Galant, tax partner at Goodkind Labeton Rodoff & Socharow, who specializes in family-owned companies.
One set is for
estate planning, one is for liability, and one is a demo disc for previewing legal software.
Estate planning for families with a member who has a disability is different from other types of
estate planning, because there is so much more that has to be done.
This
estate planning software program is designed for the professional just getting started in
estate planning as an additional client service or career path.
You should begin your
estate planning by exploring ways to minimize gift or estate taxes, which typically range from 37 percent to 55 percent.
Estate Planning includes discussions of: the use of wills; living trusts; gifts in trust; insurance trusts; estate and gift tax returns; gifts of purchases of stock; financial planning for retirement and the use of traditional and Roth IRAs; family estate plans; discount valuation of intra-family gifts of a minority interest in a closely held family business context; LLCs; like-kind exchanges; and the use of charitable transfers.
