Senior Class Money Talk

Listen to round table discussion now.

“Senior Class Money Talk” with Investments Senior Vice President and Branch Manager of Raymond James & Associates, Rick Hadrava. 

Topic of discussion is centered around trusts, trust accounts and the new tax act. 

Panelists:
Matthew T. McClintock, JD, Executive Director of WealthCounsel
Todd Hudgins of Horizon Attorneys & Counselors at Law PLC
Boyd E. Nelson III, J.D. of Raymond James & Associates 

Discussion:

1. New Tax Act passed Dec. 2010:
   a. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (TRUIRJCA)
   b. Portability
   c. Estate tax only impacts a small percentage of Americans. Every person needs to put a structure around the way their inheritance ultimately passes during their life and once they are gone.
2. Charitable planning
3. Since the law is so uncertain, you really need to see a knowledgeable attorney who can help you plan and make sure the estate plan if for you.
4. The importance of funding the trust. (Creating a trust is the first step, but the client's assets must be transferred into the trust, a process called "funding the trust.") 
5. Implication of no estate plan
6. Estate planning isn’t “death” planning. It is also planning if you are disabled. 

Listen to round table discussion now.

 
(35 minutes)