Stories: Advisor Stories

How much is too much? That's a question many parents ask as they structure lifetime gifts and bequests to children in their financial and estate plans. Wealthy clients are sometimes concerned that leaving millions of dollars, or even hundreds of thousands, to...

Over the years, you've no doubt experienced a wide range of what clients perceive as wealthy. You've likely also observed that clients have different assumptions about what it takes to be a "philanthropist." The interplay between a client's perception of...

Without legislation to prevent it, the sunsetting of current estate tax laws at the end of 2025 will dramatically reduce the federal estate tax exemption from $13.61 million per person in 2024 to approximately $7 million in 2026 (this includes adjustments for...

At the end of 2024's first quarter, an estimated 485,000 Americans could count themselves among the so-called "401(k) millionaires," meaning the balance in their employer-sponsored retirement plans has reached the $1 million level. Thanks in part to stock...

It's relatively straightforward to see how philanthropy figures into the financial and estate plans you build for individuals and families. After all, many of these clients are already supporting their favorite community causes, and it's your job to make sure...

When your client is getting ready to make a contribution to a fund at the community foundation or another charity, remind them not to automatically reach for the checkbook! Here are other (and typically more tax savvy) options to consider.  Marketable...

No matter how frequently you remind clients to pause before they automatically reach for the checkbook to make their charitable gifts, many clients still give cash! As an attorney, accountant or financial advisor, you are well aware that giving long-term...

By Jesse W. Hurst, CFP®, AIF®, Senior Wealth Manager and CEO at Impel Wealth Management, and Julie E. Firestone, Principal at Singerman, Mills, Desberg & Kauntz Co., L.P.A. Thirty years ago, in the pre-First Energy days, Ohio Edison hired my (Jesse...

Just as each of your clients has a unique estate plan and financial plan to meet the client's particular situation and goals, each of your philanthropic clients needs a unique charitable giving plan. For example, for some clients, giving shares of highly...

Your charitably minded clients certainly have no shortage of options for their philanthropic dollars. Many clients use their donor-advised funds, for example, at the community foundation to support favorite charities across the country, including alma maters,...