Thank you to everyone who joined NetLaw’s recent webinar on advanced estate planning strategies tailored for financial advisors. The session featured an engaging discussion with a panel of experts from Hargrove Firm, who shared valuable insights on the latest trends in estate planning, particularly for high-net-worth clients.
Key Takeaways from the Webinar:
- Navigating the Evolving Estate Planning LandscapeThe panelists examined the current estate planning environment and strategies for helping clients prepare for potential changes in estate and gift tax laws. The discussion focused on proactive planning approaches that can help protect client wealth across various scenarios.
- SLATs: A Tool for the Super RichKeven DuComb explored the benefits of Spousal Lifetime Access Trusts (SLATs), highlighting why they are most effective for ultra-high-net-worth individuals. He also covered potential limitations and alternatives for clients outside this category.
- LLCs and Valuation DiscountsJessi Konrad discussed how LLCs can be utilized in estate planning to reduce taxable estates. She provided actionable insights into applying valuation discounts to maximize tax-free lifetime gifts.
- Beneficiary Defective Inheritor’s Trusts (BDITs)Roger Madden delved into BDITs, explaining how they work in conjunction with LLCs and gifting strategies to further reduce a client’s taxable estate. He also compared BDITs to other trust structures and shared tips for identifying ideal client profiles.
- Special Estate Planning Considerations for Business OwnersThe panel shared strategies for business owners planning to exit their businesses, focusing on optimizing tax positions and the importance of proper succession planning.
Continue the Conversation
For those who couldn’t attend or want to revisit some of the in-depth discussions, the full webinar recording is available below.
The team at NetLaw and Hargrove Firm is dedicated to providing financial advisors with the tools and strategies needed to serve their high-net-worth clients effectively. For any questions or to discuss how these strategies can apply to your practice, please contact the team at support@hargrovefirm.com. To schedule a demo, feel free to book a time with our team via Calendly.