CELEBRATING BLACK HISTORY MONTH

CFP® Certificants in the News CFP BOARD encourages CFP® certificants and candidates to attend a Feb. 24 televised event featuring CFP Board Chair Kamila Elliot, CFP®. Here’s the invitation—“Join CFP Board Chair Kamila Elliott, CFP® during CNBC’s special Financial Faces of Change LinkedIn Live event on February 24 at 1:00 p.m. (Eastern). To celebrate Black History during February,…

Read More

How to Slash Gift, Estate, and Generation-Skipping Transfer Taxes: Part III

Good to Know This blog is the third of a three-part series that includes: Part I: Reducing the IRS valuation (but not the real value) of Client Assets, Part II: Creative Use of Installment Sales and Specialized Trusts, and Part III: Using Annuities, Charitable Trusts, and Other Techniques. Private Annuity Sale (PAS) A private annuity…

Read More

CFP Board awards record number of scholarships in 2021

CFP® Board Updates The CFP Board Center for Financial Planning recently released great news regarding scholarships provided for CFP® Certification Education.  In 2021, the Center provided more than $300,000 in funds to 80 scholarship awardees.  In total, the Center has provided 180 scholarships, totaling more than $800,000 since the launch of the first scholarship program…

Read More

How to Slash Gift, Estate, and Generation-Skipping Transfer Taxes: Part II

Good to Know This blog is the second of a three-part series that includes: Part I: Reducing the IRS valuation (but not the real value) of Client Assets, Part II: Creative Use of Installment Sales and Specialized Trusts, and Part III: Using Annuities, Charitable Trusts, and Other Techniques. Background—Eliminate Transfer Taxes This blog combines the…

Read More

ARE FINANCIAL ADVISORS READY FOR THE “ADVICE REVOLUTION?”

CFP® Certificants in the News According to a CFP Board article dated December 21, 2021, “The shift in wealth management toward financial advice and financial planning is undeniable. From managing the change in consumer expectations to recognizing the significant value that financial planners offer, many financial firms have accelerated their adoption of business models that…

Read More

How to Slash Gift, Estate, and Generation-Skipping Transfer Taxes: Part I

Good to Know Your high net worth clients may have two seemingly contradictory goals: Reducing or eliminating gift, estate, and generation-skipping transfer taxes and maintaining control over their net worth. Why do these goals seem contradictory? We have bad news and good news. First, the bad news—the Internal Revenue Code requires that the value of…

Read More

BENEFITS OF BECOMING A CFP® PROFESSIONAL

CFP® Certificants in the News Successfully passing the CFP Board exam and meeting the other certification requirements is cause for celebration, especially for intrepid career changers. Certification in hand, the next challenge for many is building a career. CFP Board recognizes this challenge and offers a starting point. According to CFP Board’s resource entitled WHY…

Read More

How to Avoid Paying An Extra $2.4 Million in Gift and Estate Tax.

Good to Know A married couple, both U.S. citizens, can jointly gift or bequeath as much as an astounding $24,120,0001 in 2022 without paying gift, estate, or generation-skipping transfer taxes. Each spouse has a $12,060,000 exclusion for gift and estate tax plus a generation-skipping transfer tax exemption of that same amount for 2022. These exclusions…

Read More

Guide to Careers in Financial Planning

CFP® Certificants in the News CFP Board’s CENTER FOR FINANCIAL PLANNING publishes an intriguing series of insights into career paths for the new certificant, career changer, and even experienced certificants. These insights can be found in the GUIDE TO CAREERS IN FINANCIAL PLANNING. The GUIDE identifies over six career paths, helps clarify the types of…

Read More