What steps have you taken to help your clients update their estate plans with IRAs and other retirement plans? Henderson, Caverly, Pum & Trytten LLP Partner Steven E. Trytten sat down with Wilmington Trust’s President, Western Region Brian Oard and Chief Wealth Strategist Alvina Lo at the 2019 Hawaii Tax Institute to discuss how to maximize your estate plan to take advantage of the Secure Act changes.Download Transcript >Please see important disclosures at the end of the video.
What are the advantages of CITs for advisors, consultants, and plan sponsors?May lower fees. By ensuring access to CITs, advisors can support plan sponsors and participants by maximizing every dollar the participant puts aside for retirement.A streamlined process. By employing CITs as part of the solution, advisors can use their buying power to streamline their work with clients and a single manager for a strategy.Addressing potential fiduciary risk.
Amid chaos, there is a silver lining for estate planning opportunities. Although we are facing many challenges on the health, economic, and market fronts, we would be remiss not to explore the positive ways that your estate plan can benefit from low interest rates and depressed asset values.There are several wealth and estate planning strategies that are particularly attractive in this kind of climate.
