In this episode of the Practical Planner podcast, hosts Thomas Kopelman and David Haughton delve into the intricacies of the "One Big Beautiful Bill," exploring its unexpected twists and implications for estate planning, income tax brackets, and more. They discuss key changes, such as the increase in the estate tax exemption and the extension of income tax brackets, while offering insights into strategic planning opportunities for high-net-worth individuals. Tune in to understand how these developments could impact your financial strategies and what steps you can take to stay ahead. Don't miss this informative discussion that could shape your financial future!
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Everything you need to think about tax planning before the year's end
Join hosts Thomas Kopelman and David Haughton as they explore essential end-of-year tax planning strategies for financial advisors. This episode provides a comprehensive checklist, covering everything from maximizing deductions and charitable giving to Roth conversions and tax loss harvesting. Equip yourself with practical tips and insights to guide your clients through the tax season effectively. Enhance your advisory services with strategies that can save your clients money and improve their financial outcomes. Happy tax planning!
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How to Incorporate Estate Planning Into Your Practice
In this episode of the Practical Planner podcast, hosts Thomas Kopelman, Dave Haughton, and Anne Rhodes, delve into the crucial role advisors play in estate planning. They explore the three phases of advisor involvement: nudging clients to initiate their estate plans, assisting with implementation, and ensuring plans remain up-to-date. Through personal anecdotes and professional insights, they highlight the importance of advisors in guiding clients through life events and maintaining effective estate plans. Tune in to learn how advisors can go beyond asset management to truly impact their clients' lives.
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Why Trust Location Matters: Exploring Tax & Asset Protection States
In Episode 48, we provide financial advisors and planners with essential insights into the pivotal role of trust location in estate planning. Explore how selecting the right state can enhance tax efficiency and asset protection for your clients. Gain expert knowledge and actionable strategies to guide your clients in making informed decisions that align with their financial goals. Join us for a deep dive into optimizing trust locations to elevate your estate planning services.
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Top Client Questions
In this episode of the Practical Planner Podcast, hosts Thomas Kopelman and David Haughton tackle the top questions advisors frequently receive from clients about estate planning. They delve into the complexities beyond the federal level, exploring state-specific issues such as probate, homestead laws, and the nuances of Medicaid and Medicare. With insights into how different states handle estate and inheritance taxes, this episode is essential for anyone looking to optimize their estate planning strategy. Tune in to learn how to navigate these critical topics with your clients, and ensure their (and your) assets are protected for future generations.
Let's reimagine estate planning together.
We'll explore ways for advisors to better serve existing clients and grow your business. Unlike other shows that skim the surface of easily Googled topics, hosts Thomas Kopelman and Anne Rhodes provide takeaways that advisors can use to meet your clients wherever they are in the estate planning process.
What’s the difference between a will and a trust? What is an estate plan, and why do you need one? What are the biggest estate planning mistakes? The Practical Planner details everything advisors need for effective estate planning. We cover everything from the basics (defining terms like beneficiary, trustee, and family trust, breaking down estate tax 101) to the more complex (such as compliance for advisors, best practices with crypto, and charitable strategies).
The Practical Planner is a production of wealth.com. Wealth.com is the #1 Estate Planning Solution built for advisors. Our mission is to modernize estate planning through innovative technology.
Thomas Kopelman is the Head of Community at wealth.com, and was named as a Top 100 Advisor by Investopedia in 2022 and 2023, 2023 Young Advisor to Watch, and Top 23 Millennial Financial Advisor by Business Insider.
Anne Rhodes is the Chief Legal Officer at wealth.com. Prior to her current role, she was an estate planning attorney first at McDermott Will & Emery (New York), then at Perkins Coie (San Francisco).
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