November 21, 2024
Hargrove Firm was pleased to partner with NetLaw on their recent webinar focused on advanced estate planning strategies for financial advisors. The session featured a distinguished panel of Hargrove Firm’s attorneys, who shared expert insights on current estate planning trends, with a special emphasis on strategies for high-net-worth clients.
Key Takeaways from the Webinar:
- Navigating Changes in Estate Planning Laws
The panel discussed the evolving estate planning landscape and outlined strategies to help clients prepare for potential shifts in estate and gift tax laws. Key takeaways included proactive planning approaches designed to preserve wealth and minimize tax liabilities.
- The Role of SLATs for Ultra-High-Net-Worth Clients
Keven DuComb provided an in-depth overview of Spousal Lifetime Access Trusts (SLATs), explaining why they are especially beneficial for ultra-high-net-worth clients. He also covered alternative strategies for clients who do not fall into this category.
- Using LLCs and Valuation Discounts to Maximize Estate Tax Savings
Jessi Konrad discussed how Limited Liability Companies (LLCs) can be leveraged in estate planning to reduce taxable estates. She shared valuable insights on applying valuation discounts to help clients make tax-free lifetime gifts.
- Exploring Beneficiary Defective Inheritor’s Trusts (BDITs)
Roger Madden delved into the benefits of Beneficiary Defective Inheritor’s Trusts (BDITs) as part of a comprehensive estate planning strategy. He explained how these trusts, when used alongside LLCs and gifting techniques, can help reduce taxable estates, and provided guidance on identifying clients who could benefit from this strategy.
- Strategic Estate Planning for Business Owners
The panel explored essential estate planning strategies for business owners, particularly those preparing to exit their businesses. The discussion focused on optimizing tax strategies and creating effective succession plans.
Continue the Discussion
If you were unable to attend the webinar or would like to revisit the valuable insights shared, you can view the full recording below.
At NetLaw and Hargrove Firm, we are committed to providing financial advisors with the expertise, tools, and strategies necessary to effectively serve their high-net-worth clients. For additional information or to discuss how these strategies can be applied to your practice, contact our team at support@hargrovefirm.com. To schedule a demo, book a time with Alex Hargrove via Calendly.
Stay tuned for upcoming webinars and additional resources designed to help financial advisors navigate the evolving estate planning landscape.
