Rosenberg + Walker: 3 signs your client’s investments aren’t tax friendly – AICPA Insights (Aug. 30, 2019)

Matt Rosenberg and April Walker have published their article, 3 signs your client’s investments aren’t tax friendly the AICPA Insights (Aug. 30, 2019). Their article begins as follows: You know a lot about your tax clients — their jobs, their kids’ names, what kind of cars they drive — and you know even more about their finances. Most of the time, your clients are happy to share their complete financial lives with you. … Continue reading Rosenberg + Walker: 3 signs your client’s investments aren’t tax friendly – AICPA Insights (Aug. 30, 2019)

The Virtual Family Office and Personal Financial Planning

By Susan M. Tillery Many consumers, as well as professional advisers, continue to think of personal financial planning as a tool to gather assets under management (AUM) or to sell products; however, CPA personal financial planners have developed a fee-for service model which offers integrated personal financial planning without AUM or product sales.  This model embodies … Continue reading The Virtual Family Office and Personal Financial Planning

Free AICPA Adviser’s Guide to Financial and Estate Planning – Volume 1

The AICPA has made available for download Volume 1 of its treatise, Sidney Kess & Steven Siegel, The AICPA Adviser's Guide to Financial and Estate Planning (9th ed.), which is 321 pages. This volume discusses the following topics: Chapter 1: the art of financial planningChapter 2: estate and client analysisChapter 3: the co-ownership of propertyChapter … Continue reading Free AICPA Adviser’s Guide to Financial and Estate Planning – Volume 1

The Great Convergence And The Death Of Fiduciary Differentiation (For RIAs)

The Kitces Report has made available for download its article entitled, "The Great Convergence And The Death Of Fiduciary Differentiation (For RIAs)." The Executive Summary is as follows: For the past several decades, RIAs have increasingly differentiated themselves and their advice from competing broker-dealers by the “best interests” fiduciary standard that RIAs owe to their … Continue reading The Great Convergence And The Death Of Fiduciary Differentiation (For RIAs)

David Pogue (NY Times): Your Best Tips for Managing the Family Money

Pogue outlines how he invited readers to send "their wisest words about preventing money management from fracturing families." He then separated the advice into two categories: advice relevant for couples, and advice relevant for kids. Sections included in his article are: before the wedding, money and marriage, notes on giving, and money and kids. Download … Continue reading David Pogue (NY Times): Your Best Tips for Managing the Family Money

Locus, Minimizing Taxes In Divorce Without The Alimony Deduction

Locus describes how recent laws have made balancing family dynamics while going through a divorce even more difficult. According to Locus, before 2019, a key divorce planning strategy for over 70 years was the alimony deduction, which allowed "divorcing couples to shift taxable income from the breadwinning spouse in a high tax bracket to the spouse earning … Continue reading Locus, Minimizing Taxes In Divorce Without The Alimony Deduction