Top 5 Tax Questions About Powers of Appointment, Answered

By WealthCounsel Staff on Feb 4, 2022 10:00:00 AM

FAQ

Powers of appointment are useful estate planning tools that allow the grantor of the power to choose someone they trust to instruct the fiduciary in control of the assets to redirect the distribution of the assets from their estate or trust. This distribution can take place many years after the grantor’s death.

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10 Strategies to Reduce the Value of a Client’s Estate

By WealthCounsel Staff on Jan 28, 2022 10:00:00 AM

estate-size-reduction

Clients want their estates to grow until it is tax time—when they want to give the Internal Revenue Service as small a target as possible. While the federal wealth transfer tax exemptions run into the millions of dollars, some clients’ estates exceed these amounts and result in large estate tax bills. Fortunately, several methods are available to reduce the amount of a client’s estate for tax purposes. Here are ten strategies to limit your client’s exposure.

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Young Adults Increase Demand for Estate Planning Services

By WealthCounsel Staff on Oct 1, 2021 10:00:00 AM

millennial

Estate planning services are in high demand as a result of the COVID-19 pandemic. Surprisingly, young adults are more likely than their middle-aged counterparts to have a will. This demand presents a unique opportunity to offer estate planning services to the eighteen to thirty-four year old demographic, as well as their older counterparts whose planning efforts are lagging behind.

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