Estate Planning Implications to Act on Now
October 29, 2020
With historically low interest rates and high tax exemptions, the time for executing efficient strategies for estate planning is now. There are many theories that tax exemptions and interest rates could change substantially in the coming years, creating complications for estate planning in the near future.
Because lifetime exemptions are due to reset in 2025, now is a good time to revisit the use of any residual exemption amounts. Establishing family loans and refinancing current loans may also be valuable, while the formation of income-generating trusts and charitable trusts could be especially worthwhile.
Factors like state residency options are also worth exploring, plus it’s beneficial to ensure to plan around the new 10-year limit on retirement benefits shifted to non-spouse beneficiaries. This detail, included in the SECURE Act, can make a big financial difference over the long haul.
Click here to read our full article for more on how to navigate coming changes to estate planning.
Articles and Commentary: Information provided in written articles are for informational purposes only and should not be considered investment advice. There is a risk of loss from investments in securities, including the risk of loss of principal. The information contained herein reflects Sand Hill Global Advisors' (“SHGA”) views as of the date of publication. Such views are subject to change at any time without notice due to changes in market or economic conditions and may not necessarily come to pass. SHGA does not provide tax or legal advice. To the extent that any material herein concerns tax or legal matters, such information is not intended to be solely relied upon nor used for the purpose of making tax and/or legal decisions without first seeking independent advice from a tax and/or legal professional. SHGA has obtained the information provided herein from various third party sources believed to be reliable but such information is not guaranteed. Certain links in this site connect to other websites maintained by third parties over whom SHGA has no control. SHGA makes no representations as to the accuracy or any other aspect of information contained in other Web Sites. Any forward-looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. No reliance should be placed on any such statements or forecasts when making any investment decision. SHGA is not responsible for the consequences of any decisions or actions taken as a result of the information provided in this presentation and does not warrant or guarantee the accuracy or completeness of this information. No part of this material may be (i) copied, photocopied, or duplicated in any form, by any means, or (ii) redistributed without the prior written consent of SHGA. Video Presentations All video presentations discuss certain investment products and/or securities and is being provided for informational purposes only, and should not be considered, and is not, investment, financial planning, tax, or legal advice; nor is it a recommendation to buy or sell any securities. Investing in securities involves varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular client’s financial situation or risk tolerance. Past performance is not a guarantee of future returns. Individual performance results will vary. The opinions expressed in the video reflect SHGA's or Brenda Vingiello’s (as applicable) views as of the date of the video. Such views are subject to change at any point without notice. You should not treat any opinion expressed by SHGA or Ms. Vingiello as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of general opinion. Nothing presented herein is or is intended to constitute investment advice, and no investment decision should be made based solely on any information provided on this video. There is a risk of loss from an investment in securities, including the risk of loss of principal. Neither SHGA nor Ms. Vingiello guarantees any specific outcome or profit. Any forward-looking statements or forecasts contained in the video are based on assumptions and actual results may vary from any such statements or forecasts. SHGA or one of its employees may have a position in the securities discussed and may purchase or sell such securities from time to time. Some of the information in this video has been obtained from third party sources. While SHGA believes such third-party information is reliable, SHGA does not guarantee its accuracy, timeliness, or completeness. SHGA encourages you to consult with a professional financial advisor prior to making any investment decision. For disclosures, including additional information on credential designations of SHGA representatives please see our Form ADV Part 2A and 2B Disclosure Brochures, which can be obtained by clicking here.
SHGA Third-Party Article Disclosure: This article is provided for informational purposes only. This article is published by an unaffiliated third party and the link above takes you to the website of an unaffiliated third party. SHGA is providing this link as a convenience only and such provision does not imply that SHGA or any of our employees, officers, or directors endorse, sponsor, approve, or guarantee any content on the third-party site. While SHGA believes such third-party information contained in this article is reliable, SHGA does not guarantee its accuracy, timeliness, or completeness. The opinions expressed in this article reflects those of the author at the time of publication, and such views are subject to change at any point without notice. You should not treat any opinion expressed in these articles as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of general opinion. While some of the articles may discuss certain investment products, they should not be considered, and are not intended to be, investment, financial planning, tax, or legal advice; nor a recommendation to buy or sell any securities. Investing in securities involves varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular client’s financial situation or risk tolerance. Past performance is not a guarantee of future returns. Individual performance results will vary. Any forward-looking statements or forecasts contained in the article are based on assumptions and actual results may vary from any such statements or forecasts. SHGA or one of its employees may have a position in any of the securities discussed and may purchase or sell such securities from time to time. SHGA encourages you to consult with a professional financial advisor prior to making any investment decision.
Search topics here include: a financial advisor; a financial planner; about financial advisor; advisor financial planning; advisors near me; affordable financial advisor; affordable financial advisor near me; appointment with financial advisor; are fee only financial advisors worth it; are financial advisors free, are investment advisors worth it; financial advisor; California state income tax; states with no income tax; financial planning; estate planning
