Even with the waning of the pandemic, there has been a surge of clients feeling the need to review and update their estate planning documents. With children now grown and retirement ahead, new planning and insurance arrangements need to be made.
It is very effective to give money to charity through an IRA distribution sent directly to that charity. Your Required Minimum Distribution is thus turned into a Qualified Charitable Distribution.
The pandemic is forcing business owners to think more about estate planning for their families and succession plans for their businesses.
"Using life insurance successfully can be a complicated - and sometimes very complicated—wealth planning exercise," Joseph Darby III and Kimberly Furnald write in Financial Advisor Magazine. The authors aren't referring to the use of insurance as a way to provide a...