Advisors need to be aware of deadlines that have use-it-or-lose-it consequences.
The survey points to a historic shift as billionaire entrepreneurs hand over their fortunes.
Buffett is the world's ninth-richest person, with a $120.8 billion net worth.
Showing the children what you did for the parents is one key, advisors say.
Fewer than one in five of affluent investors use their parents' advisors, according to Cerulli Associates.
Fewer than one-third of U.S. adults in a Northwestern Mutual survey say they have spoken with parents about estate planning.
The IRS crackdown on wealthy taxpayers includes a renewed focus on trusts, advisors say.
Advisors often have to bring up this sensitive topic with clients.
Experts are raising the alarm--AI will replace lawyers when it comes to estate planning.
Many of us are making moves in the wrong decade of life.
Older clients have different needs but can often help family members.
The federal estate tax exemption is scheduled to plummet in 2026.
Jenica Paulson is alleging in divorce proceedings that her husband is hiding assets, which he denies.
Advisors are often in the position of having to bring up this sensitive topic with clients.
Advisors have two years to plan for the sunset of certain provisions of the 2017 Tax Cuts and Jobs Act.
While Congress hasn't changed tax laws this year, the IRS has been busy issuing rulings, Slott said.
The estate planning gap is a significant contributor to wealth disparity, researchers said.
Roth IRAs offer clear tax advantages, but the behavioral issues might surprise advisors.
Wealth manager Lisa Kirchenbauer focuses largely on handling the financial affairs of a recently deceased loved one.