The U.S. Supreme Court issued a ruling in June 2024 that continues to ripple across the business planning community. Its ruling in Connelly v. U.S., which had been appealed from a decision in favor of the IRS by the U.S. 8th Circuit Court of Appeals, upended conventional wisdom regarding the use of buy-sell agreements in
Giving a producer confidence to work in advanced markets with high net worth clients by providing ESTATE PLANNING support.
Helping a producer write $IO million in new life insurance policies by designing a compelling BUSINESS SUCCESSION plan.
Helping a producer write $35 million in new life insurance policies by designing a compelling EXECUTIVE BENEFIT plan.
Maximizing your life after retirement by designing a compelling LONG-TERM CARE plan.
The Act authorizes $2.1 trillion in aid to reduce the economic impact of the Covid-19 pandemic. This legislation provides relief for individuals and businesses that have been negatively impacted by the COVID-19 outbreak. The Act* includes the following key provisions:
The SECURE Act brought sweeping changes to the post-death tax treatment of qualified retirement accounts. Specifically, it eliminated the prior “stretch” treatment of post-death distributions for most non-spouse beneficiaries, making them subject to the so-called 10-Year Rule. The Act also mandated the full withdrawal of certain accounts within 10 years of the accountholder’s death for
Regulation Best Interest (BI) is a Securities and Exchange Commission (SEC) rule (effective July 1, 2020) that requires broker-dealers to only recommend financial products and services to their customers that are in their customer’s best interests, and to clearly identify any potential conflicts of interest and financial incentives the broker-dealer may have with those products.
New York State amended Regulation 187 to establish what is referred to as the “Best Interest Rule. The amendments are effective August 1, 2019 for annuity transactions and February 1, 2020 for life insurance transactions. The amendments extend the standard of care insurance companies, agents, and brokers must now exercise when making recommendations to prospective
