Daily Plan-It

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  • Daily Plan-It Volume 10 Issue 23
  • Attached is Volume 10 Issue 23 of The Daily Plan-It: The discussion on most cable TV news shows these days focuses on our suffering economy, falling home prices and spiraling stocks. As financial advisors, we understand why our clients are desperate to reduce the effect that the crisis has had on their assets. That is why we created a six-part series offering multiple strategies on how to take advantage of a down market.

  • Daily Plan-It Volume 10 Issue 22
  • Attached is Volume 10 Issue 22 of The Daily Plan-It: Clients want to know how to safeguard their assets. That is why we have gathered the latest banking rules to help you explain how.

  • Daily Plan-It Volume 10 Issue 21
  • Attached is Volume 10 Issue 21 of The Daily Plan-It: A blog posting caught our eye and intrigued us enough that we thought we would share it. In this blog, Ohio State Treasurer Richard Cordray recently recommended Living Trusts as a way to avoid probate.

  • Daily Plan-It Volume 10 Issue 20
  • Attached is Volume 10 Issue 20 of The Daily Plan-It: George Patton advised: "A good plan, violently executed now, is better than a perfect plan next week." As advisors, one of the difficult challenges we have is getting clients into action. If there is no urgency to act, then there is no strong motivation to act. There is just a lot of time to think about it. The downside is that while they are thinking about it, it may be costing their family money.

  • Daily Plan-It Volume 10 Issue 19
  • Attached is Volume 10 Issue 19 of The Daily Plan-It: A case in California raised an interesting issue: Can the Executor of the Estate sue to rescind a life-only annuity under the legal theory of mistake?

  • Daily Plan-It Volume 10 Issue 18
  • Attached is Volume 10 Issue 18 of The Daily Plan-It: Both presidential candidates are behind keeping the estate tax; neither supports its repeal. The only question is how do we help our clients to act now?

  • Daily Plan-It Volume 10 Issue 17
  • Attached is Volume 10 Issue 17 of The Daily Plan-It: Fall will be here before you know it, and in 2008 that can only mean one thing- the Presidential Election. One of the issues we'll be watching is taxation. While each one of us will be impacted differently, we wanted to provide you with a short summary of each candidate's position on three main tax issues.

  • Daily Plan-It Volume 10 Issue 16
  • Attached is Volume 10 Issue 16 of The Daily Plan-It: When set up properly and used effectively the Limited Liability Company (LLC) is powerful asset protection tool. A case out of the Federal Middle District of Florida is raising an interesting issue. Can a court order the sole owner of a single member Limited Liability Company (LLC) to surrender all rights, title, and interests in their LLC to satisfy a judgment?

  • Daily Plan-It Volume 10 Issue 15
  • Attached is Volume 10 Issue 15 of The Daily Plan-It: Most business owners want to keep things "simple". Nothing fancy, just "plain and simple". The business owners try and fit their often-complex life and growing business into a "simple" word-processed Will. A recent Florida appellate case illustrates how a "simple" will led to a lawsuit and a complex problem.

  • Daily Plan-It Volume 10 Issue 14
  • Attached is Volume 10 Issue 14 of The Daily Plan-It: The Family Limited Liability Company (FLLC) and its sister, Family Limited Partnerships (FLP) is a powerful concept that allows a family to do sophisticated estate, income tax, and asset protection planning. A recent taxpayer victory in the use of the concept has provided a roadmap to advisors and their clients on how to use this strategy.

  • Daily Plan-It Volume 10 Issue 13
  • Attached is Volume 10 Issue 13 of The Daily Plan-It: Every day many families are forced to make tough decisions about the health care of their loved ones. This painful situation occurs when a family must make the decision of removing a feeding tube or life support that is keeping a loved one alive. Now another Florida family faces a similar challenge.

  • Daily Plan-It Volume 10 Issue 12
  • Attached is Volume 10 Issue 12 of The Daily Plan-It: The End of the Ultimate Estate Plan?

  • Daily Plan-It Volume 10 Issue 11
  • Attached is Volume 10 Issue 11 of The Daily Plan-It: Tax-advantaged 529 savings pans have become the best way to save for a child's college education. How do advisors find the best ones to recommend to their clients? Morningstar, Inc. has created a ranking system to offfer assistance.

  • Daily Plan-It Volume 10 Issue 10
  • Attached is Volume 10 Issue 10 of The Daily Plan-It: This unusual DPI stems from our commitment to making sure that you, our readers, have long and healthy lives. A recent report released by the Online Neurology Journal and Harvard Medical School details some important health factors that can reduce the risk of dementia, Alzheimer's, and a host of other potentially-avoidable health problems.

  • Daily Plan-It Volume 10 Issue 9
  • Attached is Volume 10 Issue 9 of The Daily Plan-It: Longtime Wall Street Journal columnist Jonathan Clements is moving on, but articulated the knowledge that he acquired over the years in his last column. The bottom line? Money gives you the freedom to pursue your passions; but you can always have a rich life by spending time with the people you love.

  • Daily Plan-It Volume 10 Issue 8
  • Attached is Volume 10 Issue 8 of The Daily Plan-It: Negative Inheritance occurs when the potential financial cost for a parent's care is larger than the inheritance that the parent can leave. This impact of this financial blind spot can be reduced through proper planning and discussion.

  • Daily Plan-It Volume 10 Issue 6
  • Attached is Volume 10 Issue 6 of The Daily Plan-It: If you want to successfully stand out from your peers, become proactive regarding your clients' estate planning. Help your clients find an outstanding estate planning attorney. Once they do, you can oversee the process and make sure that they avoid making three common estate planning mistakes.

  • Daily Plan-It Volume 10 Issue 5
  • Attached is Volume 10 Issue 5 of The Daily Plan-It: In the second part of our two-part series, we explain revocable and irrevocable trusts, living and testamentary trusts, and grantor trusts. With the help of these explanations, you can help your clients choose the right trust for their specific needs.

  • Daily Plan-It Volume 10 Issue 4
  • Attached is Volume 10 Issue 4 of The Daily Plan-It: In this first part of a two-part series, we provide a few of our favorite explanations for some of the terms we apply regularly during the trust planning process. Even the best experts are always seeking ways to explain legal and financial concepts to prospects and clients that can easily be understood.

  • Daily Plan-It Volume 10 Issue 3
  • Attached is Volume 10 Issue 3 of The Daily Plan-It

  • Daily Plan-It Volume 10 Issue 2
  • Attached is Volume 10 Issue 2 of The Daily Plan-It

  • Daily Plan-It Volume 10 Issue 1
  • Attached is Volume 10 Issue 1 of The Daily Plan-It: In an up real estate market and good stock market, everybody’s confidence is up. Thus, investing money into some form of planning was a sensible and reasonable approach. Now, the stock market is down and real estate is down. The credit crisis is causing a confidence crisis. How do you keep your professional practice afloat while you are wrestling with your clients and potential customers having a crisis in confidence?

  • Daily Plan-It Volume 9 Issue 26
  • You may be swamped trying to tie up loose ends before 2007 ends, but it's worth the effort to develop a marketing plan for 2008 before you actually close this year's books. Here are six steps to get a jump start for next year. We wish you a happy, healthy, and prosperous New Year!

  • Daily Plan-It Volume 9 Issue 25
  • With clients bypassing their professionals and going straight to the Internet to create their corporations and limited liability companies, many are forgetting to file their Sub S elections with the IRS. Don't worry. Now, thanks to new Notice 2007-166, this problem can easily be solved.

  • Daily Plan-It Volume 9 Issue 24
  • If any of your clients have been considering using an IRA to make a donation to charity, encourage him to do so before year's end. Unless Congress passes an extension, the law expires on December 31, 2007. Here's a quick overview of the rules.

  • Daily Plan-It Volume 9 Issue 23
  • A key point that advisors must address for their clients is the disposition of fine art and other collectibles after they pass. Some families have items of great value, both sentimental and financial. Here are some steps to take to minimize problems when creating an estate plan.

  • Daily Plan-It Volume 9 Issue 22
  • These days, more people are working from home, and traveling with their laptops. Here are some tips to help you purchase your mobile office and enable you to take your work anywhere that you go.

  • Daily Plan-It Volume 9 Issue 21


  • Daily Plan-It Volume 9 Issue 20
  • Clients who are widowed or financially successful often hesitate to enter into marriage for fear that their assets may not be protected in case of divorce. A prenuptial agreement offers protection, and can alleviate a client's fears.

  • Daily Plan-It Volume 9 Issue 19
  • After divorce, most people don't want to sit down with lawyers and financial professionals to review their financial planning. But it's essential, especially in the case of beneciary designations.

  • Daily Plan-It Volume 9 Issue 18
  • It's common to have clients who are on their second, third, or even fourth or fifth marriages. These clients have special financial and estate planning neeeds. It's important to address these issues while they are still living, in order to assure a smooth financial transition to their heirs.

  • Daily Plan-It Volume 9 Issue 17


  • Daily Plan-It Volume 9 Issue 16


  • Daily Plan-It Volume 9 Issue 15
  • Estate planning often stops dead in its tracks when parents have to choose a guardian for their children. Here are some helpful tips to help parents make the right decisions, and avoid procrastination.

  • Daily Plan-It Volume 9 Issue 14


  • Daily Plan-It Volume 9 Issue 13


  • Daily Plan-It Volume 9 Issue 12
  • In recent years, nonprofit charities have outpaced for-profit ventures at the rate of two to one. If your clients have been pondering the idea of giving back to society, a nonprofit start-up may be right for you. Here are some guidelines to help you make that decision.

  • Daily Plan-It Volume 9 Issue 11


  • Daily Plan-It Volume 9 Issue 9


  • Daily Plan-It Volume 9 Issue 8


  • Daily Plan-It Volume 9 Issue 7
  • Financial planners can benefit from trends by identifying them and crafting techniques to target them. One such emerging market is baby boomers who are divorcing later in life. They're generally affluent and in need of professional financial support.

  • Daily Plan-It Volume 9 Issue 6


  • Daily Plan-It Volume 9 Issue 5
  • The struggle for control of Dale Earnhardt, Inc. is heating up between the CEO and President, Teresa Earnhardt, and her stepson, Dale Earnhardt, Jr. But what was Dale Earnhardt, Sr.'s vision when he created the company? Was it his dream to have his children ultimately be behind the business' wheel? Proper estate planning may have helped turn his vision--whatever it was--into a reality.

  • Daily Plan-It Volume 9 Issue 4


  • Daily Plan-It Volume 9 Issue 3
  • Parents often agonize over estate planning decisions for their adult chldren. How should they fairly distribute assets without hurting anyone's feelings? In Part Two of "Parenting and Estate Planning," we offer tips on helping parents of adult children handle these tough decisions.

  • Daily Plan-It Volume 9 Issue 2


  • Daily Plan-It Volume 9 Issue 1
  • Even though the new year has already started, it's never too late to make resolutions to help your business thrive. Here are some ideas to help you help your clients get what they want in 2007. As the lengendary Zig Ziglar says, "Help enough other people get what they want, and you will get what you want."

  • Daily Plan-It Volume 8 Issue 25
  • Daily Plan-It Volume 8 Issue 24
  • Daily Plan-It Volume 8 Issue 23
  • Daily Plan-It Volume 8 Issue 22
  • Daily Plan-It Volume 8 Issue 21
  • Daily Plan-It Volume 8 Issue 20
  • Daily Plan-It Volume 8 Issue 19
  • Daily Plan-It Volume 8 Issue 18
  • Daily Plan-It Volume 8 Issue 17
  • Daily Plan-It Volume 8 Issue 16
  • Daily Plan-It Volume 8 Issue 15
  • Daily Plan-It Volume 8 Issue 14
  • Daily Plan-It Volume 8 Issue 13
  • Daily Plan-It Volume 8 Issue 12
  • Daily Plan-It Volume 8 Issue 11
  • Daily Plan-It Volume 8 Issue 10

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