Wealth Planning

Papers and podcasts concerning trust and estate, tax, and financial planning matters as they relate to personal goals and investment strategy.

Wealth Planning

2015 Federal Tax Reference Guide The 2015 Federal Tax Reference Guide lists tax facts for the 2015 tax year and includes tables divided into four categories that affect taxes paid by an individual: Investment Related, Income, Retirement Plan Contributions and Estate.
Protecting the Inherited IRA Until recently, parents had thought they could leave their remaining retirement accounts to each other or their children and have them remain protected from creditors. This past summer, we learned that inherited retirement accounts are not necessarily protected from creditors after all. Our Senior Wealth Strategist, Terry LaBant, provides us with some insight into a recent Supreme Court case that impacts inherited IRAs.
Wealth Planning Following Windsor Following the Supreme Court’s Windsor decision, the IRS held that the term “marriage” includes marriages between any individuals when recognized by state law. Similarly, the IRS later ruled that the terms “husband and wife” (separately or collectively) and “spouse” refer to any individuals lawfully married under state law. This expands wealth planning opportunities available to married couples whose marriages previously were not recognized by their state of domicile. The paper provides us with some insight into a recent decision that provides more equality for wealth planning between married couples.
So, Where Do You Live? The new tax act passed by Congress earlier this year has brought more certainty to estate and income tax discussions for individuals. This paper is about the cost of state taxes and the potential impact on planning and wealth.
Your Family Limited Partnership: Hoping it Worked ...? Senior Wealth Strategist Terry LaBant explains Family Limited Partnerships and Family Limited Liability Companies and their historic, current and potential future uses as a planning tools.
"Landlords" and the Surtax Taxpayers who own real estate that produces taxable income may end up paying an additional Surtax on that income this year. This paper reviews (1) how the Surtax operates, the history of passive activity loss rules, and how taxpayers may be classified as real estate professionals who otherwise do not pay the Surtax on their rental income.
Navigating the Tax Landscape: A New Frontier Understanding that we have heard and read much about the "American Tax Relief Act of 2012", this paper is designed to summarize the highlights of the Act in simple terms.
The Apples and Oranges of Charitable Giving Families can foster their charitable giving legacy in many ways, including the use of private foundations and donor advised funds. As the two differ greatly in terms of structure and operations, this paper highlights some points to consider when making your philanthropic decisions.
Stretching the Inherited IRA Many of us take advantage of saving through our retirement plans each year. Not only can retirement contributions provide current income tax deductions, but the assets themselves can grow tax free as well. This paper discusses the varying complexities associated with beneficiary designations, receiving distributions and account titling.
The Surtax Cometh... When President Obama and Congress enacted the Affordable Care Act, it included a federal surtax scheduled to arise on January 1, 2013. This paper highlights some major points regarding the surtax and potential implications on the investment income of "wealthy" taxpayers.
Foreshadowing Change? President Obama recently released his 2013 federal budget proposal which recommends substantial changes to wealth transfer tax laws. Senior Wealth Strategist Terry LaBant summarizes the President’s proposed changes.
Featured Video
SVP and Co-PM Eli Pars interview on Fox Business
January, 2015

SVP and Co-Portfolio Manager Eli Pars discusses the Greek elections and the company’s outlook for convertible bonds given volatile global markets.