Now that the status quo of tax planning has been upended by the passage of the Tax Cuts and Jobs Act of 2017, wills, trusts, and portfolios are all due for a once-over and advisors are bracing to make sense of some of the most sweeping tax changes in decades. To read the full article in FinancialPlanning, click: Avoid “Dangerous” Planning Generalizations After New Tax Law.
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Affluent Americans aren’t Getting Inheritance Help, Survey Finds Even the richest Americans aren’t getting professional help and creating plans to pass wealth on to the next generation, according to a survey by RBC Wealth Management. Less than a third have a comprehensive plan, the survey found. To read the full article in InvestmentNews, click: Many Wealthy Americans haven’t Planned for the Transfer of their Assets.
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Clues to Finding a Missing Will Wills sometimes go missing. Places to check include probate court, safe deposit boxes and hiding places around the home. Also, consider contacting relatives and reviewing bank statements. The Kansas & Missouri Estate Planning Blog reminds you that good communication can help prevent this type of problem altogether. To read the full article in WealthManagement.com, click: What If My Client Can’t Find a Loved One’s Will?