Are You a Crummey Advisor or Just a Crummy Advisor?

Andy Rice News Leave a Comment

Crummy is defined as dirty, run-down, tacky, worthless or just plain lousy.  On the other hand, if you’re a “Crummey” advisor, that’s a good thing – especially if you’re making “Crummey” recommendations to your high-net-worth (HNW) clients.  Let me explain what I mean about making “Crummey” recommendations. A “Crummey Trust” is used when a parent wants to make lifetime gifts …

New Law Changes Affecting Estate & Trust Planning Education Event

Audrea News Leave a Comment

February 18, 2014 – February 18, 2014 2100A SouthBridge Parkway Map and Directions | Register AudreaAudrea attended the University of Alabama in Tuscaloosa, where she majored in one of the first approved financial planning programs taught at the University level. In 1998 Audrea graduated from The University of Alabama in Tuscaloosa with a Bachelor of Science degree in Family Consumer …

Your Clients & Their Children: Solutions To Joint Bank Accounts

Andy Rice News Leave a Comment

If you didn’t get a chance to read my first article on this subject, Your Clients and Their Children: The Problems with Joint Bank Accounts, it may be helpful to review it as a means of providing context for this article. As noted in that first posting, if a client couple wishes to make their bank accounts into joint accounts …

Your Clients & Their Children: The Problems With Joint Bank Accounts

Andy Rice News Leave a Comment

Do you get the recurring question from clients that I do, from time to time, about bank accounts? I’m referring to the issue where an elderly mother or father wants to add their child’s name to one or more of their bank accounts. In simple terms, the logic makes sense, as most parents want to assure that their bills, mortgages, …

Why You Still Shouldn’t Gamble on Gift and Estate Taxes

Andy Rice News Leave a Comment

Read Andy’s article published by Advisor One discussing “Why You Still Shouldn’t Gamble on Gift and Estate Taxes”. Andy RiceAndy graduated from the University of Alabama-Birmingham with a B.S. degree in Accounting. He is a Registered Investment Advisor Representative of Money Management Services, Inc and holds the designations of CPA (Certified Public Accountant), AIF® (Accredited Investment Fiduciary), CTS™ (Certified Tax …

Estate Administration Powers – Benefit Your Clients

Andy Rice News Leave a Comment

National Advisors Trust Company recently received authority from the Office of Thrift Supervision to offer estate administration and guardianship services in addition to the trustee, employee benefit, IRA, and custodian services that National Advisors Trust has offered since its original chartering. The new estate administration and guardianship services are now available to clients of advisory firms that are National Advisors …

“Donor Advised Funds: Maximize the Tax Benefits, Build a Legacy”

Andy Rice News Leave a Comment

Read Andy’s article published by Advisor One penning his thoughts on “Why Most Individuals Shouldn’t View Private Foundations As Only Available To The Ultra-Wealthy “… To Read More Click HERE   Andy RiceAndy graduated from the University of Alabama-Birmingham with a B.S. degree in Accounting. He is a Registered Investment Advisor Representative of Money Management Services, Inc and holds the …

Estate Planning – 2011 and 2012 Present Window of Opportunity

Audrea News Leave a Comment

Watch this Video regarding Estate Planning – 2011 and 2012 Present Window of Opportunity – presented by Forefield. AudreaAudrea attended the University of Alabama in Tuscaloosa, where she majored in one of the first approved financial planning programs taught at the University level. In 1998 Audrea graduated from The University of Alabama in Tuscaloosa with a Bachelor of Science degree in …

Planning for Estate Taxes in 2011 and 2012

Audrea News Leave a Comment

Watch a video on Planning for Estate Taxes in 2011 and 2012 – presented by Forefield. AudreaAudrea attended the University of Alabama in Tuscaloosa, where she majored in one of the first approved financial planning programs taught at the University level. In 1998 Audrea graduated from The University of Alabama in Tuscaloosa with a Bachelor of Science degree in Family …