The southern China resident said he doesn't want his wife and child to get lazy.
You must ask clients with excess IRA assets about where they want their money to go.
Private foundations offer a host of tax benefits to wealthy clients and are easier to establish than you might think.
These tips will help clients and win over attorneys as referral sources.
Two-thirds of investors said they struggle with dividing their assets fairly.
"Advisors who truly grow are the ones who do so in challenging times,” consultant John Bowen said.
Seventy-two percent of women do not have an estate plan, the study found.
Advisors need to make sure their clients know how a recession would really impact their lives.
For the first time in a long time, advisors may soon have to help clients make painful retirement choices.
Changes in inflation and interest rates are making people re-evaluate estate planning decisions.
Ask clients with excess IRA assets about where they want their money to go.
Keep these trends in mind if you want to help wealthy donors turbocharge their impact.
The central bank created major distortions in a market where many Americans have most of their wealth. Why?
Donor-advised funds help philanthropists turn noncash assets into charitable donations.
The next 10 years are likely to be very different from the last 10 years.
Just because inflation may have peaked doesn't mean it's gone.
Down times are an opportunity for client acquisition and mergers and acquisitions, they say.
Clients often forget the red tape when extending financial help to loved ones, advisors say.
One advisor says he saves clients up to a million dollars in lifetime taxes by timing conversions.
Estate planning techniques and strategies that should be considered now.