Category: Estate Planning

Vanilla

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Jan 06, 2026

Though an often overlooked part of financial planning, estate planning is a critical part of a well-rounded wealth management strategy. In fact, estate planning is about much more than just creating a will. A thoughtful estate plan is a comprehensive strategy for things like:  Managing one’s wealth during life and after death Ensuring one’s family is cared for Supporting causes that align with one’s values Minimizing taxes and fees Documenting wishes in case of incapacitation Planning for one’s future legacy The common myth that estate planning is only for the ultra-wealthy is patently false. Estate planning benefits individuals at all...

Sarah D. McDaniel, CFA

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Jan 05, 2026

Let’s face it—most people procrastinate. Deadlines are often the only motivators that spur action, and for financial planning, this “crunch time” tends to hit in November and December. Unfortunately, this end-of-year rush isn’t ideal for a number of reasons: The holidays: Advisors and clients alike are juggling travel, vacations, and family obligations. Emotional decision-making: Whether it’s the stress of family reunions or the joy of celebrations, emotions can cloud judgment. Rushed choices: Big-picture financial planning requires clarity and focus, neither of which are easy to achieve in a hectic environment. The result? A less-than-optimal setup for making critical long-term decisions....

Vanilla

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Dec 18, 2025

As your clients’ lives evolve, so should their estate plan. Your role as their financial advisor is to guide them through each stage, ensuring their plans stay relevant and aligned with their goals while working alongside estate attorneys to protect what they've built. In this article, we’ll take a closer look at how to position your estate planning services and deliver real value throughout the entire estate planning process. Why estate planning requires wealth management expertise For even simple estates, clients need professional help beyond drafting documents. They need someone who understands how their wealth connects to their legacy goals....

Vanilla

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Dec 09, 2025

All of your clients need estate planning. Many of them don't realize it yet. Only a little over 50% of Baby Boomers have a trust, will, or an estate plan in place, a figure that decreases with each subsequent generation. Meanwhile, your ability to retain their families through generational wealth transfers hangs in the balance. Only 27% of heirs plan to keep their benefactor's wealth advisor, dropping to 20% for those who have already received an inheritance. Estate planning isn't just critical for your clients. It's critical for your practice. As an advisor, you can influence your clients’ ability to...

Vanilla

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Dec 01, 2025

Over the next two decades, $124 trillion will transfer from baby boomers to younger generations. Your clients are part of this colossal shift, and they want help navigating it. Research confirms this: 93% of clients want estate planning advice from their advisor. Beyond the legal structures of estate planning, legacy planning is increasingly a key component of a comprehensive financial plan. Where estate planning focuses on wills, trusts, and tax strategies, legacy planning adds another dimension, addressing personal values, family dynamics, charitable intentions, and the stories your clients want to pass down.  Legacy planning: Estate planning plus intent Your clients...

Vanilla

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Nov 11, 2025

Choosing the wrong power of attorney (POA) can leave families scrambling during a crisis. Each state has its own rules governing these documents, and understanding which POA is suitable for a situation matters more than most people realize. In this guide, we break down the six main types of POAs for individuals, families, caregivers, financial advisors, and estate planners who need clarity on this essential part of estate planning. 1. General power of attorney A general power of attorney is a legal document that gives one person (called the agent or attorney-in-fact) broad authority over another person’s (called the principal)...

Jennifer Raess JD, CFP®, CLU®

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Nov 05, 2025

The IRS has released its inflation-adjusted numbers for 2026, confirming key updates for estate, gift, and income tax planning. These changes, combined with provisions from the One Big Beautiful Bill Act (OBBBA), will reshape how advisors approach gifting, deductions, and trust taxation. Now is the time for advisors to revisit clients’ estate strategies to prepare for 2026. Here's a snapshot of the key changes advisors need to know: 2026 Changes at a Glance Category 2025 2026 Lifetime estate & gift exemption $13.99M/person $27.98M/married couple $15M/person $30M/married couple Annual gift exclusion $19,000/ $38,000 if gift splitting $19,000/ $38,000 if gift splitting...

Jennifer Raess JD, CFP®, CLU®

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Oct 28, 2025

The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, introduces some significant charitable giving changes starting in 2026. It expands opportunities for everyday donors while tightening limits for high-income taxpayers. With year-end approaching, advisors should review these shifts now to help clients maximize charitable impact and tax benefits before the new rules take effect in 2026. The impact of these changes will vary depending on whether clients itemize their deductions, making it important to tailor charitable strategies accordingly. New rule for non-itemizing individuals Starting in 2026, taxpayers who take the standard deduction can claim an "above-the-line"...

Vanilla

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Oct 08, 2025

By nature, the practice of estate planning has a level of seriousness and substantiality that few other advisor-client conversations will ever reach. When you bring technology into that process, you want to make sure it reflects the importance of the topic at hand.  Choosing an estate planning software that brings the appropriate credibility and accuracy is no small task, and it’s easy to get lost in the details when comparing solutions.  To help cut through the noise, we built the Buyer’s Guide to Estate Planning Platforms for Advisory Firms, which walks through the criteria to consider when choosing a solution...