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Expert Perspective

News, research and market insights from our team of experts.

e.Insight

Current Issue | June 14, 2017

Year-End Planning: A Time to Review Planning Strategies for Your Current and Projected Wealth

By: Julia Weaver, J.D., CWS®, Director, Family Office Services and The Trust Company of Oxford


During this season of Thanksgiving, we focus this issue of e.Insight on ways to maximize your legacy to your loved ones. A proactive review of your current estate plan can identify ways to maximize the impact of tax strategies you already have in place and to uncover new opportunities.

In his article, "Year-End Tax Planning Opportunities", Oxford Managing Director, Peter Reist, discusses timely strategies to shift more wealth away from the IRS and back to your heirs. Peter discusses how tax-efficient investing can maximize your overall return and how key planning strategies, such as charitable planning, gifting, retirement and other planning strategies, will enable you to retain more of your wealth for your heirs.

The article, "Year End Review of Gifting and Estate Freezing Strategies", discusses strategies to maximize the impact of current gifting strategies and other estate "freezing techniques". This article also addresses the impact of the now elevated federal estate tax exemption and how, for those without federal estate tax exposure, the greatest gift may be no gift at all.

Any estate planning analysis should begin with a thorough understanding of not only your current wealth profile, but also your future wealth trajectory. Your testamentary provisions will apply to your projected net worth and asset structure that you accumulate over your life expectancy, and not necessarily to the assets that you hold today. Hence, this data is critical in determining the optimal estate plan and ongoing planning recommendations. Our next issue of e.Insight will further discuss this important planning measure, as well as the critical role of a corporate fiduciary in the administration of a sound estate plan.