<![CDATA[Future Focused: Sophisticated Estate Planning]]>a17821dd-28e0-50b0-a96a-ed607fd1f4aaTue, 10 Mar 2026 15:28:23 +0000Captivate.fmWiggin and Dana LLP's Erin Nicholls and Michael Clear https://artwork.captivate.fm/74903ff3-0614-4240-8cef-cf5ccc5ace55/Podcast-Logo-with-SM-draft-2-a.pngFuture Focused: Sophisticated Estate PlanningWiggin and Dana LLP's Erin Nicholls and Michael Clear Wiggin and Dana LLP's Erin Nicholls and Michael Clear Welcome to Future Focused: Sophisticated Estate Planning with Wiggin and Dana LLP, the show where you can learn high-level estate planning techniques in a manner that is accessible and understandable. This is the show where CPA’s, Insurance Professionals, Investment Bankers, Trust Companies, CFP’s, and more can firm up on their understanding of estate planning strategies so that they can better guide their clients to make wise decisions with their legacy. Future Focused is hosted by Erin Nicholls and Michael Clear, Partners of the Private Client Services department at Wiggin and Dana, LLP, with the aim of preserving the wealth that a family has worked so hard to create, we pride ourselves in offering value driven solutions and results. Head on over to Wiggin and Dana’s Private Client Services page where you can subscribe to this show on your favorite podcast platforms, share episodes with your clients, and follow our highly talented, creative, and experienced lawyers on LinkedIn for even more great insight. https://www.wiggin.com/services/private-client-services/?q=podcastsfalseepisodicnopodcastEp. 64 – PPLI in Practice: A Conversation with Carl PetersonEp. 64 – PPLI in Practice: A Conversation with Carl PetersonGain insights into how high‑net‑worth families are leveraging Private Placement Life Insurance (PPLI) in their long‑term planning strategies in the latest episode of Future Focused: Sophisticated Estate Planning. Hosts Michael Clear and Erin Nicholls sit down with Carl Peterson of Lindberg & Ripple to break down what PPLI really is, who it’s designed for, and why it’s gaining traction among investors with $5 million or more in investable assets.

Carl tackles common misconceptions, such as whether existing assets can be moved directly into a policy or how much investment control an owner can retain, while highlighting the significant tax advantages and administrative efficiencies that PPLI can offer.

Tune in for a clear, practical overview of one of today’s most powerful estate planning tools.

]]>Gain insights into how high‑net‑worth families are leveraging Private Placement Life Insurance (PPLI) in their long‑term planning strategies in the latest episode of Future Focused: Sophisticated Estate Planning. Hosts Michael Clear and Erin Nicholls sit down with Carl Peterson of Lindberg & Ripple to break down what PPLI really is, who it’s designed for, and why it’s gaining traction among investors with $5 million or more in investable assets.

Carl tackles common misconceptions, such as whether existing assets can be moved directly into a policy or how much investment control an owner can retain, while highlighting the significant tax advantages and administrative efficiencies that PPLI can offer.

Tune in for a clear, practical overview of one of today’s most powerful estate planning tools.

]]>772ea402-52d0-44b4-aa25-6c9d2ac81aadTue, 10 Mar 2026 04:00:00 -040025:01falsefull6464Ep. 63 – The Human Side of Planning with Brian LasherEp. 63 – The Human Side of Planning with Brian LasherIn this episode of Future Focused, host Michael Clear sits down with Brian Lasher, Managing Director at Euclid Harding, to explore why planning so often stalls – and what it takes to move forward with clarity and confidence.

Brian shares a human‑centered perspective on estate and succession planning, challenging the idea that these issues are primarily technical or tax-driven. He explains how fear, uncertainty, identity and unspoken expectations often create the real obstacles for families, business owners and leadership teams alike.

Together, Michael and Brian discuss why clarity matters before documents, how unaddressed blind spots quietly erode value and trust, and why succession planning is ultimately about people, not spreadsheets.

This episode is not about planning for the end it’s about planning for continuity, leadership, and confidence across generations.

]]>In this episode of Future Focused, host Michael Clear sits down with Brian Lasher, Managing Director at Euclid Harding, to explore why planning so often stalls – and what it takes to move forward with clarity and confidence.

Brian shares a human‑centered perspective on estate and succession planning, challenging the idea that these issues are primarily technical or tax-driven. He explains how fear, uncertainty, identity and unspoken expectations often create the real obstacles for families, business owners and leadership teams alike.

Together, Michael and Brian discuss why clarity matters before documents, how unaddressed blind spots quietly erode value and trust, and why succession planning is ultimately about people, not spreadsheets.

This episode is not about planning for the end it’s about planning for continuity, leadership, and confidence across generations.

]]>08d8c7df-100c-4b6e-8f8a-c0f05fb6c5c0Tue, 24 Feb 2026 04:00:00 -040035:18falsefull6363Ep. 62 – Modern Board Membership with R.J. Kornhaas: Duties, Risks, and OpportunitiesEp. 62 – Modern Board Membership with R.J. Kornhaas: Duties, Risks, and OpportunitiesIn this episode, host Michael Clear welcomes back Corporate Partner R.J. Kornhaas to unpack the critical responsibilities and risks associated with modern board membership. Michael and R.J. supply actionable insights on the legal and fiduciary duties board members must uphold, how to assess an organization before joining, and the questions every prospective director should ask. They share real-world advice for navigating boardroom dynamics and preparing for leadership roles, including when it might be appropriate to step down. Discover how effective governance and forward-thinking strategies can equip you to excel as a board member and make a lasting impact within an organization.

]]>In this episode, host Michael Clear welcomes back Corporate Partner R.J. Kornhaas to unpack the critical responsibilities and risks associated with modern board membership. Michael and R.J. supply actionable insights on the legal and fiduciary duties board members must uphold, how to assess an organization before joining, and the questions every prospective director should ask. They share real-world advice for navigating boardroom dynamics and preparing for leadership roles, including when it might be appropriate to step down. Discover how effective governance and forward-thinking strategies can equip you to excel as a board member and make a lasting impact within an organization.

]]>6a43ec45-ec41-4b68-bb8e-602ce81a5a6bTue, 10 Feb 2026 04:00:00 -040018:20falsefull6262Ep. 61 – Passing on Values with Legacy Letters: A Conversation with Allison DonaldsonEp. 61 – Passing on Values with Legacy Letters: A Conversation with Allison DonaldsonIn the latest episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes Allison Donaldson, Certified Financial Planner at HTG Investment Advisors. Michael and Allison discuss the interplay of legacy letters, also known as ethical wills, in estate planning and emphasize how these non-binding documents can convey personal values, stories, and intentions, helping to avoid family conflicts and clarify estate planning decisions. The conversation hits on potential issues around timing, level of detail and audience when forming a legacy letter, but ultimately the most important consideration is to get started. Whether you’re just starting your estate planning journey or looking to deepen its impact, this episode offers practical insights to help you create a legacy that truly reflects who you are.

]]>In the latest episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes Allison Donaldson, Certified Financial Planner at HTG Investment Advisors. Michael and Allison discuss the interplay of legacy letters, also known as ethical wills, in estate planning and emphasize how these non-binding documents can convey personal values, stories, and intentions, helping to avoid family conflicts and clarify estate planning decisions. The conversation hits on potential issues around timing, level of detail and audience when forming a legacy letter, but ultimately the most important consideration is to get started. Whether you’re just starting your estate planning journey or looking to deepen its impact, this episode offers practical insights to help you create a legacy that truly reflects who you are.

]]>7ffeb7ff-6721-46fd-bb29-53bdbec6ac42Wed, 21 Jan 2026 04:00:00 -040028:19falsefull6161Ep. 60 – Looking Back, Planning Ahead: Estate Planning in 2026Ep. 60 – Looking Back, Planning Ahead: Estate Planning in 2026In the latest episode of Future Focused: Sophisticated Estate Planning, Michael Clear and Erin Nicholls discuss the implications of the OBBBA legislation on estate and gift planning strategies, including why it may be more tax-efficient to gift during your lifetime as opposed to transferring wealth at death. They also delve into the connection between trusts and divorce, highlighting recent troubling court cases. Michael and Erin encourage listeners to remain proactive in their estate planning as laws and strategies evolve.

]]>In the latest episode of Future Focused: Sophisticated Estate Planning, Michael Clear and Erin Nicholls discuss the implications of the OBBBA legislation on estate and gift planning strategies, including why it may be more tax-efficient to gift during your lifetime as opposed to transferring wealth at death. They also delve into the connection between trusts and divorce, highlighting recent troubling court cases. Michael and Erin encourage listeners to remain proactive in their estate planning as laws and strategies evolve.

]]>ead6de18-ed23-4f51-8f75-e5d6e6f0c6ddTue, 06 Jan 2026 04:00:00 -040023:01falsefull6060Ep. 59 – Elevating the Practice from Within: In Conversation with Dan Maloney Part IIEp. 59 – Elevating the Practice from Within: In Conversation with Dan Maloney Part IIIn this episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes back Dan Maloney, Senior Practice Manager, discussing the introduction of "Will Power," an automation bot designed to streamline the drafting process from preparation of documents to task tracking and data collection. An example of robotic process automation, this innovative tool significantly reduces overall time spent on redundant and highly manual tasks, integrating seamlessly with existing systems to enhance workflow efficiency. From development through to implementation, the focus was always to enhance accuracy, minimize errors, and deliver faster, more predictable results to clients. In pursuit of these objectives, Dan and Michael also explore emerging technologies and innovative solutions to further elevate the practice of Private Client Services.

]]>In this episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes back Dan Maloney, Senior Practice Manager, discussing the introduction of "Will Power," an automation bot designed to streamline the drafting process from preparation of documents to task tracking and data collection. An example of robotic process automation, this innovative tool significantly reduces overall time spent on redundant and highly manual tasks, integrating seamlessly with existing systems to enhance workflow efficiency. From development through to implementation, the focus was always to enhance accuracy, minimize errors, and deliver faster, more predictable results to clients. In pursuit of these objectives, Dan and Michael also explore emerging technologies and innovative solutions to further elevate the practice of Private Client Services.

]]>e41d7088-4dd0-47b8-913a-ab7e6f4aa27aWed, 17 Dec 2025 04:00:00 -040026:32falsefull5959Ep. 58 – Navigating the Emotional Landscape of Probate Litigation with Matt BrownEp. 58 – Navigating the Emotional Landscape of Probate Litigation with Matt BrownIn this episode, host Michael Clear is joined by Matt Brown, a Litigation Partner at Wiggin and Dana, to explore the human side of probate litigation. Their conversation sheds light on the emotional challenges that often accompany major life events, such as the loss of a loved one. They emphasize the value of thorough preparation and maintaining composure in the courtroom, underscoring how honesty and clear communication can strengthen credibility. The discussion also examines the increasing role of mediation in resolving disputes outside of court and highlights the importance of proactive planning to reduce potential conflicts, while acknowledging that some disputes may be inevitable.

]]>In this episode, host Michael Clear is joined by Matt Brown, a Litigation Partner at Wiggin and Dana, to explore the human side of probate litigation. Their conversation sheds light on the emotional challenges that often accompany major life events, such as the loss of a loved one. They emphasize the value of thorough preparation and maintaining composure in the courtroom, underscoring how honesty and clear communication can strengthen credibility. The discussion also examines the increasing role of mediation in resolving disputes outside of court and highlights the importance of proactive planning to reduce potential conflicts, while acknowledging that some disputes may be inevitable.

]]>4cc3aa39-939f-4340-9c27-c19a8ee92de2Tue, 02 Dec 2025 04:00:00 -040023:22falsefull5858Ep. 57 – Planning Strategies for Successful Business Transitions with Daniela SpanosEp. 57 – Planning Strategies for Successful Business Transitions with Daniela SpanosIn this episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes Corporate Partner Daniela Spanos to dive into planning strategies tailored for founder-owned businesses navigating an exit or a transition to a new form of ownership. They examine the key drivers behind seller decisions, such as liquidity needs and retirement goals, and explore how different buyer types, including private equity firms and strategic acquirers, shape those choices. The conversation highlights the critical role of counsel in structuring incentives, like equity retention after sale, and in addressing common tax-related diligence challenges. Michael and Daniela stress the importance of engaging trusted advisors early to manage complexities and ensure alignment with long-term business objectives.

]]>In this episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes Corporate Partner Daniela Spanos to dive into planning strategies tailored for founder-owned businesses navigating an exit or a transition to a new form of ownership. They examine the key drivers behind seller decisions, such as liquidity needs and retirement goals, and explore how different buyer types, including private equity firms and strategic acquirers, shape those choices. The conversation highlights the critical role of counsel in structuring incentives, like equity retention after sale, and in addressing common tax-related diligence challenges. Michael and Daniela stress the importance of engaging trusted advisors early to manage complexities and ensure alignment with long-term business objectives.

]]>cd19ccb3-4223-4741-b9f7-7af2fa3bbdb5Tue, 18 Nov 2025 04:00:00 -040024:48falsefull5757Ep. 56 – Navigating Self-Dealing Rules in Private Foundations with Victoria FiengoEp. 56 – Navigating Self-Dealing Rules in Private Foundations with Victoria FiengoOn this episode, host Erin Nicholls welcomes Victoria Fiengo, Private Client Services Associate, to discuss the complexities of self-dealing in private foundations. The discussion focuses on the importance of understanding the broad definition of disqualified persons to avoid impermissible self-dealing actions that the IRS would consider an abuse of its rules. In this vein, practitioners are reminded of the need for careful estate planning, particularly when considering private foundations as beneficiaries, as it can complicate estate administration. Tune in, as this episode serves as a guide for navigating numerous regulations surrounding private foundations and self-dealing.

 

]]>On this episode, host Erin Nicholls welcomes Victoria Fiengo, Private Client Services Associate, to discuss the complexities of self-dealing in private foundations. The discussion focuses on the importance of understanding the broad definition of disqualified persons to avoid impermissible self-dealing actions that the IRS would consider an abuse of its rules. In this vein, practitioners are reminded of the need for careful estate planning, particularly when considering private foundations as beneficiaries, as it can complicate estate administration. Tune in, as this episode serves as a guide for navigating numerous regulations surrounding private foundations and self-dealing.

 

]]>46e03899-19fe-406a-b4a1-9e75b910ed9cTue, 04 Nov 2025 04:00:00 -040026:23falsefull5656Ep. 55 - It’s Not You, It’s Business: The Reality of Business Divorce with Joseph MerschmanEp. 55 - It’s Not You, It’s Business: The Reality of Business Divorce with Joseph MerschmanOn this episode, host Michael Clear is joined by Wiggin and Dana Litigation Partner Joseph Merschman. Joe and Michael explore the concept of “business divorce,” referring to conflicts among co-owners of closely held companies. These disputes often arise from family tensions, unequal contributions, or shifts in the business’s direction. The episode highlights the importance of involving legal counsel early in the process, as most cases are typically settled, often through buyouts or even the sale of the business.

]]>On this episode, host Michael Clear is joined by Wiggin and Dana Litigation Partner Joseph Merschman. Joe and Michael explore the concept of “business divorce,” referring to conflicts among co-owners of closely held companies. These disputes often arise from family tensions, unequal contributions, or shifts in the business’s direction. The episode highlights the importance of involving legal counsel early in the process, as most cases are typically settled, often through buyouts or even the sale of the business.

]]>33741d75-b196-47d8-9989-b10ddd3bc728Tue, 21 Oct 2025 04:00:00 -040026:51falsefull5555Probate Disputes: Discussing Capacity, Influence, and Fraud with Mike KennyProbate Disputes: Discussing Capacity, Influence, and Fraud with Mike KennyIn this episode of Future Focused: Sophisticated Estate Planning, Host Michael Clear is joined by Litigation Partner Michael Kenny, where they discuss the complexities of probate disputes, focusing on will contests particularly related to undue influence and testamentary capacity. As people live longer and healthier lives, Michael Kenny notes that there is growing awareness of complex personal relationships that extend beyond traditional family heirs. They review legal standards, evidentiary challenges, emerging trends, and methods for reducing disputes during estate planning, such as including no-contest clauses and ensuring the decedent’s intentions are conveyed directly to the draftsperson rather than through an intermediary who could exert influence.

]]>In this episode of Future Focused: Sophisticated Estate Planning, Host Michael Clear is joined by Litigation Partner Michael Kenny, where they discuss the complexities of probate disputes, focusing on will contests particularly related to undue influence and testamentary capacity. As people live longer and healthier lives, Michael Kenny notes that there is growing awareness of complex personal relationships that extend beyond traditional family heirs. They review legal standards, evidentiary challenges, emerging trends, and methods for reducing disputes during estate planning, such as including no-contest clauses and ensuring the decedent’s intentions are conveyed directly to the draftsperson rather than through an intermediary who could exert influence.

]]>76cacca9-73cb-4859-8fa2-7b75c1ebeffaTue, 07 Oct 2025 04:00:00 -040027:36falsefull5454Elevating the Practice from Within: In Conversation with Dan MaloneyElevating the Practice from Within: In Conversation with Dan MaloneyIn this episode, Host Michael Clear is joined by a special guest, Senior Practice Manager Dan Maloney, who shares how his unique role helps shape client experience, team culture and business development at Wiggin and Dana. From onboarding and retention efforts to leveraging technology, like automation bots and project management software, and exploring creative marketing strategies, Dan offers a behind-the-scenes look at the operational heartbeat of the department. Tune in to hear how thoughtful strategy and collaboration drive excellence beyond the legal work.

]]>In this episode, Host Michael Clear is joined by a special guest, Senior Practice Manager Dan Maloney, who shares how his unique role helps shape client experience, team culture and business development at Wiggin and Dana. From onboarding and retention efforts to leveraging technology, like automation bots and project management software, and exploring creative marketing strategies, Dan offers a behind-the-scenes look at the operational heartbeat of the department. Tune in to hear how thoughtful strategy and collaboration drive excellence beyond the legal work.

]]>a9eddfcf-3626-4c8a-980a-9d39fc62fca4Wed, 24 Sep 2025 04:00:00 -040028:31falsefull5353Qualified Small Business Stock After OBBBA: Key Updates and OpportunitiesQualified Small Business Stock After OBBBA: Key Updates and Opportunities In this episode of Future Focused: Sophisticated Estate Planning, hosts Michael Clear and Erin Nicholls are joined by Corporate Partners Scott McClure and Len Gray to discuss how the One Big Beautiful Bill Act (OBBBA) is expanding opportunities with qualified small business stock (QSBS). OBBBA brought about key updates to QSBS, including an increased capital gain exclusion amount, a higher asset threshold for a company to qualify as a small business, and reduced holding periods. Tune in, as this conversation emphasizes the importance of proactive tax planning for founders and business owners to maximize their benefits under this new legislation.

]]> In this episode of Future Focused: Sophisticated Estate Planning, hosts Michael Clear and Erin Nicholls are joined by Corporate Partners Scott McClure and Len Gray to discuss how the One Big Beautiful Bill Act (OBBBA) is expanding opportunities with qualified small business stock (QSBS). OBBBA brought about key updates to QSBS, including an increased capital gain exclusion amount, a higher asset threshold for a company to qualify as a small business, and reduced holding periods. Tune in, as this conversation emphasizes the importance of proactive tax planning for founders and business owners to maximize their benefits under this new legislation.

]]>b524ddbb-7875-4836-825a-de5f35b6b88aTue, 19 Aug 2025 04:00:00 -040024:53falsefull5252Navigating the Complexities of Private Foundations: Best Practices and Compliance Insights with Erin Nicholls and Sara OsinskiNavigating the Complexities of Private Foundations: Best Practices and Compliance Insights with Erin Nicholls and Sara OsinskiIn this episode of Future Focused: Sophisticated Estate Planning, Partner Erin Nicholls and Associate Sara Osinski examine the complexities of managing private foundations. They focus on how the 5% minimum distribution requirement is calculated, including the role of administrative expenses. The conversation highlights the importance of federal compliance through Form 990-PF and stresses the need for accurate documentation. They also share best practices such as holding annual board meetings, consulting advisors, and obtaining pre-approval for scholarship programs. Key compliance risks like self-dealing are also addressed, reinforcing the importance of strong governance.

]]>In this episode of Future Focused: Sophisticated Estate Planning, Partner Erin Nicholls and Associate Sara Osinski examine the complexities of managing private foundations. They focus on how the 5% minimum distribution requirement is calculated, including the role of administrative expenses. The conversation highlights the importance of federal compliance through Form 990-PF and stresses the need for accurate documentation. They also share best practices such as holding annual board meetings, consulting advisors, and obtaining pre-approval for scholarship programs. Key compliance risks like self-dealing are also addressed, reinforcing the importance of strong governance.

]]>e27425a3-086a-4210-bb86-fc201124b2d7Wed, 30 Jul 2025 04:00:00 -040020:23falsefull515150 Episodes: A Lookback and Celebration50 Episodes: A Lookback and CelebrationToday marks a special milestone, our 50th episode! Since launching in 2023, we've had the privilege of engaging with thought leaders, innovators, and trusted advisors to explore the most pressing issues shaping families and their wealth. To celebrate, we’re taking a moment to reflect. In this episode, we’ll revisit some of the standout conversations that have defined our journey, from generational transitions and philanthropic strategy to the intricacies of tax and trust administration. Whether you've been with us from the start or are tuning in for the first time, we’re grateful to have you as part of this community. Here's to 50 episodes, and many more to come!

]]>Today marks a special milestone, our 50th episode! Since launching in 2023, we've had the privilege of engaging with thought leaders, innovators, and trusted advisors to explore the most pressing issues shaping families and their wealth. To celebrate, we’re taking a moment to reflect. In this episode, we’ll revisit some of the standout conversations that have defined our journey, from generational transitions and philanthropic strategy to the intricacies of tax and trust administration. Whether you've been with us from the start or are tuning in for the first time, we’re grateful to have you as part of this community. Here's to 50 episodes, and many more to come!

]]>0d99ce5d-5b03-4da9-b2c3-ef8321437ab4Wed, 09 Jul 2025 04:00:00 -040026:08falsefull5050Speaker Showcase: Strategies for Navigating Disputes in Contested Matters with Steve Malech and Matt SmithSpeaker Showcase: Strategies for Navigating Disputes in Contested Matters with Steve Malech and Matt SmithIn the final episode of the Speaker Showcase, Partners Steve Malech and Matt Smith discuss the complexities of estate planning, particularly in the context of divorce and family disputes. They highlight the importance of clear definitions in legal documents, the potential for costly litigation, and the challenges posed by multi-jurisdictional assets. They emphasize the need for proactive legal advice to navigate these issues effectively and avoid misunderstandings that can lead to significant financial and familial turmoil.

]]>In the final episode of the Speaker Showcase, Partners Steve Malech and Matt Smith discuss the complexities of estate planning, particularly in the context of divorce and family disputes. They highlight the importance of clear definitions in legal documents, the potential for costly litigation, and the challenges posed by multi-jurisdictional assets. They emphasize the need for proactive legal advice to navigate these issues effectively and avoid misunderstandings that can lead to significant financial and familial turmoil.

]]>da911323-a816-4e01-96cc-047abe51c62fTue, 10 Jun 2025 04:00:00 -040020:09falsefull4949Speaker Showcase: Navigating the Business Life Cycle with Vanessa Maczko and Jack SousaSpeaker Showcase: Navigating the Business Life Cycle with Vanessa Maczko and Jack SousaIn the second episode of Future Focused: Sophisticated Estate Planning Speaker Showcase, Private Client Services Partner Vanessa Maczko and Corporate Partner Jack Sousa discuss estate planning strategies, with a focus on business owners and succession planning for both family and non-family enterprises. The discussion highlights the importance of structuring ownership using voting and non-voting shares to balance control with marketability. It also explores how liquidity solutions, such as life insurance, can support seamless ownership transitions in the event of a member’s passing.

By bridging corporate and estate planning, the conversation emphasizes the need for thoughtful equity transfer strategies and well-timed decisions that can significantly improve business valuation and long-term success.

]]>In the second episode of Future Focused: Sophisticated Estate Planning Speaker Showcase, Private Client Services Partner Vanessa Maczko and Corporate Partner Jack Sousa discuss estate planning strategies, with a focus on business owners and succession planning for both family and non-family enterprises. The discussion highlights the importance of structuring ownership using voting and non-voting shares to balance control with marketability. It also explores how liquidity solutions, such as life insurance, can support seamless ownership transitions in the event of a member’s passing.

By bridging corporate and estate planning, the conversation emphasizes the need for thoughtful equity transfer strategies and well-timed decisions that can significantly improve business valuation and long-term success.

]]>8d58ae4b-de61-48b9-892a-3c2299b1fb55Tue, 27 May 2025 08:00:00 -040020:15falsefull4848Speaker Showcase: Hot Topics in Estate Planning with Michael Clear and Erin NichollsSpeaker Showcase: Hot Topics in Estate Planning with Michael Clear and Erin NichollsIn the inaugural episode of our Speaker Showcase, Partners Michael Clear and Erin Nicholls explore the evolving landscape of estate planning, with a special focus on strategies for middle and high-net-worth clients in Connecticut. The discussion addresses the potential sunset of the estate and gift tax exemptions in 2026, offering practical gifting strategies to maximize the currently high exemption amount. Michael and Erin also highlight Connecticut's latest advancements in trust modifications and non-judicial settlement agreements, and caution practitioners on the potential tax implications that may arise from enacting these strategies. Don’t miss this insightful conversation on hot, hot topics in estate planning.

]]>In the inaugural episode of our Speaker Showcase, Partners Michael Clear and Erin Nicholls explore the evolving landscape of estate planning, with a special focus on strategies for middle and high-net-worth clients in Connecticut. The discussion addresses the potential sunset of the estate and gift tax exemptions in 2026, offering practical gifting strategies to maximize the currently high exemption amount. Michael and Erin also highlight Connecticut's latest advancements in trust modifications and non-judicial settlement agreements, and caution practitioners on the potential tax implications that may arise from enacting these strategies. Don’t miss this insightful conversation on hot, hot topics in estate planning.

]]>d18cf3f6-d330-4373-a54f-7ffeb5ef629cTue, 13 May 2025 08:00:00 -040017:59falsefull4747Unlocking Digital Asset Potential with Expert Jake ClaverUnlocking Digital Asset Potential with Expert Jake ClaverDigital Assets may be poised to revolutionize the financial world and the velocity of moving money across the economy. On this episode of Future Focused: Sophisticated Estate Planning, host Erin Nicholls and Corporate partner R.J. Kornhaas welcome guest Jake Claver, Managing Director of Digital Ascension Group, a multifamily office serving high-net-worth and ultra-high-net-worth clients. Jake shares his background in mergers and acquisitions and how his success in traditional markets ultimately led him to cryptocurrency and an expertise on digital assets. Discover how investment in digital assets could transform the future of financial transactions, providing opportunities for attorneys, financial advisors and CPAs to grow their knowledge and better advise their clients on these verticals. Tune in for valuable insights into the realm of digital assets.

]]>Digital Assets may be poised to revolutionize the financial world and the velocity of moving money across the economy. On this episode of Future Focused: Sophisticated Estate Planning, host Erin Nicholls and Corporate partner R.J. Kornhaas welcome guest Jake Claver, Managing Director of Digital Ascension Group, a multifamily office serving high-net-worth and ultra-high-net-worth clients. Jake shares his background in mergers and acquisitions and how his success in traditional markets ultimately led him to cryptocurrency and an expertise on digital assets. Discover how investment in digital assets could transform the future of financial transactions, providing opportunities for attorneys, financial advisors and CPAs to grow their knowledge and better advise their clients on these verticals. Tune in for valuable insights into the realm of digital assets.

]]>9f4dea9d-6e41-4480-9b87-cf6c4ff19ef4Tue, 01 Apr 2025 04:00:00 -040026:18falsefull4646Artful Estate Planning: Strategies for Collectors with Deborah RobinsonArtful Estate Planning: Strategies for Collectors with Deborah RobinsonThe disposition of unique assets like art collections requires proper planning. On this episode, Partner Michael Clear and Associate Kaitlyn Pacelli speak with Deborah Robinson, Partner at Art Market Advisors. Deborah emphasizes the importance of early conversations to streamline the process. She also dives into the implications of appraisals, sales, and the division of collections, offering valuable guidance for families and trustees. Tune in to gain valuable insights into managing unique assets during your lifetime and ensuring the proper plan is in place to dispose of those assets after death.

]]>The disposition of unique assets like art collections requires proper planning. On this episode, Partner Michael Clear and Associate Kaitlyn Pacelli speak with Deborah Robinson, Partner at Art Market Advisors. Deborah emphasizes the importance of early conversations to streamline the process. She also dives into the implications of appraisals, sales, and the division of collections, offering valuable guidance for families and trustees. Tune in to gain valuable insights into managing unique assets during your lifetime and ensuring the proper plan is in place to dispose of those assets after death.

]]>2bb1a401-d335-48ef-9720-129c10cf4567Thu, 06 Mar 2025 04:00:00 -040032:37falsefull4545Wealth Wars: Navigating the Battlefields of Family Disputes with Partner Steve MalechWealth Wars: Navigating the Battlefields of Family Disputes with Partner Steve MalechWhen families clash over control of substantial wealth, whether in connection with the testamentary wishes of a loved one or the management of assets in an estate or trust, hiring the right fiduciary and probate litigator can make all the difference. In this episode, Partner Michael Clear sits down with Wiggin and Dana Partner and Chair of the Fiduciary and Probate Litigation Practice Group, Steve Malech, to unpack the role of a fiduciary and probate litigator in family wealth disputes. Through compelling real-world examples, Steve highlights a variety of practical takeaways for fiduciaries, beneficiaries, and fellow attorneys, offering insights on managing emotions and navigating the intricate landscape of family wealth disputes. Tune in to learn more about the complexities of this practice area and reach out with questions.

]]>When families clash over control of substantial wealth, whether in connection with the testamentary wishes of a loved one or the management of assets in an estate or trust, hiring the right fiduciary and probate litigator can make all the difference. In this episode, Partner Michael Clear sits down with Wiggin and Dana Partner and Chair of the Fiduciary and Probate Litigation Practice Group, Steve Malech, to unpack the role of a fiduciary and probate litigator in family wealth disputes. Through compelling real-world examples, Steve highlights a variety of practical takeaways for fiduciaries, beneficiaries, and fellow attorneys, offering insights on managing emotions and navigating the intricate landscape of family wealth disputes. Tune in to learn more about the complexities of this practice area and reach out with questions.

]]>19b90530-1bf0-461a-84e5-e07109839d34Tue, 18 Feb 2025 04:00:00 -040031:29falsefull4444Strategic Gifting: Reducing Taxes by Removing AssetsStrategic Gifting: Reducing Taxes by Removing AssetsHow can you reduce taxes by removing assets from your estate? In this episode, Partner Michael Clear answers this question, highlighting several gifting strategies to shift wealth out of a taxable estate. Michael touches on strategies like making annual exclusion gifts, direct payments for tuition and medical expenses, opening 529 accounts, and creating life insurance trusts. Be sure to tune into this insightful episode and ensure you are prepared for the year ahead. If you have any questions on incorporating gifting strategies within your overall estate plan, please reach out.

]]>How can you reduce taxes by removing assets from your estate? In this episode, Partner Michael Clear answers this question, highlighting several gifting strategies to shift wealth out of a taxable estate. Michael touches on strategies like making annual exclusion gifts, direct payments for tuition and medical expenses, opening 529 accounts, and creating life insurance trusts. Be sure to tune into this insightful episode and ensure you are prepared for the year ahead. If you have any questions on incorporating gifting strategies within your overall estate plan, please reach out.

]]>076a4572-b3da-434d-ba88-8d6f44d5cde9Wed, 29 Jan 2025 07:30:00 -040014:22falsefull4343Speaker Series: Family Office and Strategic Investments with Erin Nicholls, R.J. Kornhaas and Dimitri TournasSpeaker Series: Family Office and Strategic Investments with Erin Nicholls, R.J. Kornhaas and Dimitri TournasIn the final episode of our speaker series, Partners and Family Office Co-Chairs, Erin Nicholls, R.J. Kornhaas, and Dimitri Tournas delve into the unique capabilities and services offered to high net worth individuals and family offices, highlighting the firm’s expertise in real estate, corporate transactions, and personalized private client services. This episode also explores the evolving landscape of family offices, including the importance of proper governance and tailored legal counsel. Be sure to tune in to discover how we collaborate across departments to provide comprehensive solutions for our clients.

]]>In the final episode of our speaker series, Partners and Family Office Co-Chairs, Erin Nicholls, R.J. Kornhaas, and Dimitri Tournas delve into the unique capabilities and services offered to high net worth individuals and family offices, highlighting the firm’s expertise in real estate, corporate transactions, and personalized private client services. This episode also explores the evolving landscape of family offices, including the importance of proper governance and tailored legal counsel. Be sure to tune in to discover how we collaborate across departments to provide comprehensive solutions for our clients.

]]>a2226d68-4249-4ddb-92a1-16cb85fa5d63Tue, 03 Dec 2024 04:00:00 -040012:44falsefull4242The Role of Legal Counsel in Private Investments with R.J. KornhaasThe Role of Legal Counsel in Private Investments with R.J. KornhaasOn this episode, hosts Erin Nicholls and Michael Clear welcome corporate Partner R.J. Kornhaas to discuss the intricacies of investing in privately held businesses and business succession planning. They delve into essential considerations, such as the types of investments—including convertible notes and preferred stock—and emphasize the importance of having legal counsel review documents to safeguard investor interests. Whether you're an advisor, a founder or investor in a privately held company, tune in to explore how to navigate private investments wisely and understand the role of legal counsel in mitigating risks, ensuring compliance, and facilitating successful transactions.

]]>On this episode, hosts Erin Nicholls and Michael Clear welcome corporate Partner R.J. Kornhaas to discuss the intricacies of investing in privately held businesses and business succession planning. They delve into essential considerations, such as the types of investments—including convertible notes and preferred stock—and emphasize the importance of having legal counsel review documents to safeguard investor interests. Whether you're an advisor, a founder or investor in a privately held company, tune in to explore how to navigate private investments wisely and understand the role of legal counsel in mitigating risks, ensuring compliance, and facilitating successful transactions.

]]>c9d50391-bfbc-47af-a0a4-72fab934ccfbTue, 12 Nov 2024 04:00:00 -040030:23falsefull4141Speaker Series: Hot Topics in International Estate Planning with Carolyn ReersSpeaker Series: Hot Topics in International Estate Planning with Carolyn ReersOn the fifth episode of our speaker series, Partner Carolyn Reers explores the growing trend of high-net-worth individuals seeking residency or citizenship abroad for tax benefits and safety. She highlights popular destinations like Malta, St. Kitts and Nevis, and St. Lucia for citizenship through investment, as well as Italy, Malta, Portugal, Switzerland, Greece, and Spain for golden visa programs. Carolyn also explains the complexities of the U.S. expatriation tax regime and the challenges of maintaining U.S. tax compliance while living abroad. Tune in to gain valuable insights into international planning and compliance in today’s global landscape.

]]>On the fifth episode of our speaker series, Partner Carolyn Reers explores the growing trend of high-net-worth individuals seeking residency or citizenship abroad for tax benefits and safety. She highlights popular destinations like Malta, St. Kitts and Nevis, and St. Lucia for citizenship through investment, as well as Italy, Malta, Portugal, Switzerland, Greece, and Spain for golden visa programs. Carolyn also explains the complexities of the U.S. expatriation tax regime and the challenges of maintaining U.S. tax compliance while living abroad. Tune in to gain valuable insights into international planning and compliance in today’s global landscape.

]]>16588b9a-9d20-4394-967b-49eda204559dMon, 28 Oct 2024 04:00:00 -040018:06falsefull4040Speaker Series: The Corporate Transparency ActSpeaker Series: The Corporate Transparency ActOn the fourth episode of our speaker series, Partners Erin Nicholls, R.J. Kornhaas and Dimitri Tournas dive into the key compliance requirements of the Corporate Transparency Act (CTA) and its impact on small to medium-sized companies. They break down the new federal beneficial ownership registry, the filing requirements, and the challenges of identifying beneficial owners. Tune in to gain insight into the information needed to meet the CTA's obligations and what it means for your business.

]]>On the fourth episode of our speaker series, Partners Erin Nicholls, R.J. Kornhaas and Dimitri Tournas dive into the key compliance requirements of the Corporate Transparency Act (CTA) and its impact on small to medium-sized companies. They break down the new federal beneficial ownership registry, the filing requirements, and the challenges of identifying beneficial owners. Tune in to gain insight into the information needed to meet the CTA's obligations and what it means for your business.

]]>a967bcd9-86d0-413c-b29a-094891225f40Tue, 15 Oct 2024 04:00:00 -040008:08falsefull3939From the Sidelines to the Spotlight: Winning Strategies with Thomas ArcherFrom the Sidelines to the Spotlight: Winning Strategies with Thomas ArcherIn this powerhouse episode, hosts Erin Nicholls and Michael Clear step up to the plate with Thomas Archer, a certified financial planner and owner of the Thomas J. Archer Companies, to discuss the nuances of estate planning and business succession for high net-worth individuals, including professional athletes and business owners.  Archer, not one to sit on the sidelines, shares his personal journey from a humble beginning to amassing a clientele that includes billionaires and professional athletes, emphasizing the importance of proper financial planning, asset protection, and the pitfalls of lacking financial literacy. This episode is a playbook on effective strategies for preserving wealth across generations and underscores the significance of understanding the changing tax landscape. Tune in for an insightful discussion on making informed decisions that ensure your financial legacy is in the hall of fame, not the hall of shame.

]]>In this powerhouse episode, hosts Erin Nicholls and Michael Clear step up to the plate with Thomas Archer, a certified financial planner and owner of the Thomas J. Archer Companies, to discuss the nuances of estate planning and business succession for high net-worth individuals, including professional athletes and business owners.  Archer, not one to sit on the sidelines, shares his personal journey from a humble beginning to amassing a clientele that includes billionaires and professional athletes, emphasizing the importance of proper financial planning, asset protection, and the pitfalls of lacking financial literacy. This episode is a playbook on effective strategies for preserving wealth across generations and underscores the significance of understanding the changing tax landscape. Tune in for an insightful discussion on making informed decisions that ensure your financial legacy is in the hall of fame, not the hall of shame.

]]>dfd00de6-4ff5-4f25-bfe4-5b1db448926dTue, 01 Oct 2024 04:00:00 -040029:26falsefull3838Counsel for the C-Suite: Management Representation in M&A with Christian Chandler and James GreifzuCounsel for the C-Suite: Management Representation in M&A with Christian Chandler and James GreifzuIn a typical M&A transaction, the interests of the executives and management team can significantly diverge from the other parties to the transaction making it essential to retain independent counsel, separate from the buyer and the seller. In this episode, Erin Nicholls and Michael Clear are joined by Partners Christian Chandler and James Greifzu, co-chairs of the Wiggin and Dana Management Team Representation practice group. They discuss their role in ensuring executives are properly represented in deals and the importance of early and informed legal representation to ensure that their interests are protected and aligned with the transaction's goals. The conversation highlights the complexities of executive compensation, employment agreements, tax issues and more to ensure a smooth transaction. Tune in for a deeper understanding of the crucial role legal counsel plays in facilitating smooth and beneficial business sales and transitions.

]]>In a typical M&A transaction, the interests of the executives and management team can significantly diverge from the other parties to the transaction making it essential to retain independent counsel, separate from the buyer and the seller. In this episode, Erin Nicholls and Michael Clear are joined by Partners Christian Chandler and James Greifzu, co-chairs of the Wiggin and Dana Management Team Representation practice group. They discuss their role in ensuring executives are properly represented in deals and the importance of early and informed legal representation to ensure that their interests are protected and aligned with the transaction's goals. The conversation highlights the complexities of executive compensation, employment agreements, tax issues and more to ensure a smooth transaction. Tune in for a deeper understanding of the crucial role legal counsel plays in facilitating smooth and beneficial business sales and transitions.

]]>92859c33-e8c3-4072-a9f0-44748740969cTue, 17 Sep 2024 04:00:00 -040030:45falsefull3737Speaker Series: Divorce-Proofing Your Dynasty with TrustsSpeaker Series: Divorce-Proofing Your Dynasty with TrustsNavigating estate planning amidst divorce can be complex. On the third episode of our speaker series, Partner Matt Smith emphasizes the need for adaptable and forward-thinking strategies to protect assets across varying state laws. Highlighting cases where outdated estate plans clash with the modern realities of marriage, divorce, and inheritance, Matt delves into crafting lifetime trusts, navigating state-specific trust codes, and integrating prenups to safeguard one’s financial future.  He also underscores the persistent challenge of ensuring estate plans remain effective in the face of life’s uncertainties and changes in law. Tune in to gain valuable insights on safeguarding assets in the face of marital dissolution.

]]>Navigating estate planning amidst divorce can be complex. On the third episode of our speaker series, Partner Matt Smith emphasizes the need for adaptable and forward-thinking strategies to protect assets across varying state laws. Highlighting cases where outdated estate plans clash with the modern realities of marriage, divorce, and inheritance, Matt delves into crafting lifetime trusts, navigating state-specific trust codes, and integrating prenups to safeguard one’s financial future.  He also underscores the persistent challenge of ensuring estate plans remain effective in the face of life’s uncertainties and changes in law. Tune in to gain valuable insights on safeguarding assets in the face of marital dissolution.

]]>3675652b-2898-40da-96ae-01d41296aa77Tue, 10 Sep 2024 04:00:00 -040009:48falsefull3636Business Valuation Strategies with Evan Levine and Nainesh Shah of Complete AdvisorsBusiness Valuation Strategies with Evan Levine and Nainesh Shah of Complete AdvisorsTiming is crucial for clients looking to gift before the potential sunset of the estate and gift tax

exemption at the end of 2025.In today’s episode, Partner Erin Nicholls sits down with Evan Levine, Founder of Complete Advisors as well as his colleague, Nainesh Shah, lead analyst, who specializes in business valuations for trust and estate planning, gift tax planning, and complex entities. They discuss the critical role of business valuations in estate and gift tax planning and the intricacies of determining discounts for lack of marketability and control, emphasizing the tailored approach needed for each unique scenario. Tune in to gain valuable insights that could significantly impact your estate planning strategies before the looming tax changes take effect.

]]>Timing is crucial for clients looking to gift before the potential sunset of the estate and gift tax

exemption at the end of 2025.In today’s episode, Partner Erin Nicholls sits down with Evan Levine, Founder of Complete Advisors as well as his colleague, Nainesh Shah, lead analyst, who specializes in business valuations for trust and estate planning, gift tax planning, and complex entities. They discuss the critical role of business valuations in estate and gift tax planning and the intricacies of determining discounts for lack of marketability and control, emphasizing the tailored approach needed for each unique scenario. Tune in to gain valuable insights that could significantly impact your estate planning strategies before the looming tax changes take effect.

]]>70786370-0e8e-4b46-b5bf-454d1cbf1e3aTue, 03 Sep 2024 04:00:00 -040031:19falsefull3535Speaker Series: Prenups – Protecting Your Assets Before Saying “I Do”Speaker Series: Prenups – Protecting Your Assets Before Saying “I Do”With our second episode in our speaker series, Partner Helen Heintz dives into the increasingly common practice of drafting prenuptial agreements. Highlighting the evolution of her clientele over nearly two decades, Helen outlines the shift towards safeguarding inherited wealth in first and second marriages—primarily driven by concerned parents wanting to protect assets for their children. Helen further explores the nuances of these agreements across different states, such as Connecticut and New York, emphasizing the importance of disclosure, representation, and the distinction between separate and marital property. This episode is a must-listen for anyone interested in the mechanics and significance of marital agreements in asset protection and estate planning.

]]>With our second episode in our speaker series, Partner Helen Heintz dives into the increasingly common practice of drafting prenuptial agreements. Highlighting the evolution of her clientele over nearly two decades, Helen outlines the shift towards safeguarding inherited wealth in first and second marriages—primarily driven by concerned parents wanting to protect assets for their children. Helen further explores the nuances of these agreements across different states, such as Connecticut and New York, emphasizing the importance of disclosure, representation, and the distinction between separate and marital property. This episode is a must-listen for anyone interested in the mechanics and significance of marital agreements in asset protection and estate planning.

]]>980918f3-879b-445b-938b-d41de24221d6Tue, 20 Aug 2024 04:00:00 -040012:48falsefull3434Navigating the Tax Landscape: Insights on GiftingNavigating the Tax Landscape: Insights on GiftingOn this episode, Partner Vanessa Maczko details where we are now with taxes and gifting, and where we are going. She discusses what is not a taxable gift and how to use your estate and gift tax exemptions. Vanessa also delves into what it means when the high exemption rates are expected to sunset in 2026, and what can be done with little to no exemption left. Tune in to learn more about this important topic, and why it may be beneficial to gift now before it’s too late!

]]>On this episode, Partner Vanessa Maczko details where we are now with taxes and gifting, and where we are going. She discusses what is not a taxable gift and how to use your estate and gift tax exemptions. Vanessa also delves into what it means when the high exemption rates are expected to sunset in 2026, and what can be done with little to no exemption left. Tune in to learn more about this important topic, and why it may be beneficial to gift now before it’s too late!

]]>78692c71-cb3f-4a99-a479-7519e424e42eTue, 06 Aug 2024 04:00:00 -040014:57falsefull3333Seal the Deal: The Art of Selling Companies with M&A Expert Jacob KoenigSeal the Deal: The Art of Selling Companies with M&A Expert Jacob KoenigJacob Koenig, Managing Director and Partner of Woodbridge International, sits down with Partners Erin Nicholls and Michael Clear to discuss his firm’s unique approach to selling companies, including their focus on marketing and their ability to reach an extensive network of well-vetted potential buyers. The conversation touches on current market conditions and the importance of sticking to a timeline for closing deals. Jacob emphasizes the need for project management and clearly defined roles in the deal closing process, stating that it is crucial to keep everyone's feet to the fire and ensure that the timeline is followed to prevent delays that could kill the deal.

]]>Jacob Koenig, Managing Director and Partner of Woodbridge International, sits down with Partners Erin Nicholls and Michael Clear to discuss his firm’s unique approach to selling companies, including their focus on marketing and their ability to reach an extensive network of well-vetted potential buyers. The conversation touches on current market conditions and the importance of sticking to a timeline for closing deals. Jacob emphasizes the need for project management and clearly defined roles in the deal closing process, stating that it is crucial to keep everyone's feet to the fire and ensure that the timeline is followed to prevent delays that could kill the deal.

]]>314daddb-a602-40d6-b5ff-6747009cc4deTue, 30 Jul 2024 04:00:00 -040026:12falsefull3232The Entrepreneur’s Guide to Equity: Structuring for Success: Part 2The Entrepreneur’s Guide to Equity: Structuring for Success: Part 2On this episode, Partners Erin Nicholls and Michael Clear continue their conversation with Wiggin and Dana Partner Jack Sousa, on entrepreneurship, equity, and entity structuring. They dive deep into the entrepreneur's guide to equity, employee stock options, and the strategic importance of early legal advice, with particularly valuable insights on estate planning synergy and innovative legal structures like convertible notes and SAFEs. Jack also hits on the wiggin(x) Startup Kit which provides emerging high-growth companies with an overview of some of the key issues to keep in mind as you start and grow your business. A crucial listen for anyone navigating startup ventures and estate planning.

]]>On this episode, Partners Erin Nicholls and Michael Clear continue their conversation with Wiggin and Dana Partner Jack Sousa, on entrepreneurship, equity, and entity structuring. They dive deep into the entrepreneur's guide to equity, employee stock options, and the strategic importance of early legal advice, with particularly valuable insights on estate planning synergy and innovative legal structures like convertible notes and SAFEs. Jack also hits on the wiggin(x) Startup Kit which provides emerging high-growth companies with an overview of some of the key issues to keep in mind as you start and grow your business. A crucial listen for anyone navigating startup ventures and estate planning.

]]>f5eb3777-8834-46ca-8c15-e8d0154f0328Tue, 16 Jul 2024 04:00:00 -040022:59falsefull3131Launching “Future Focused: Private Wealth Insights”Launching “Future Focused: Private Wealth Insights”In the latest podcast episode, host Michael Clear introduces the “Future Focused: Private Wealth Insights” blog, a platform designed to help optimize and protect your financial future. Explore domestic and international estate planning strategies, tax optimization, and more, with regularly updated content to keep you informed about the latest trends and developments. Visit www.privatewealthinsights.com to learn more and subscribe for exclusive content.

]]>In the latest podcast episode, host Michael Clear introduces the “Future Focused: Private Wealth Insights” blog, a platform designed to help optimize and protect your financial future. Explore domestic and international estate planning strategies, tax optimization, and more, with regularly updated content to keep you informed about the latest trends and developments. Visit www.privatewealthinsights.com to learn more and subscribe for exclusive content.

]]>9d4380bd-a100-4ec0-a876-74c2a94cdefcTue, 02 Jul 2024 04:00:00 -040004:36falsebonus3030The Entrepreneur's Guide to Equity: Structuring for SuccessThe Entrepreneur's Guide to Equity: Structuring for SuccessDiscover the intersection between founding ventures and estate planning on today’s episode of Future Focused. Wiggin and Dana Partner Jack Sousa, a founder of wiggin(x) and co-chair of our Emerging Company and Venture Capital Group sits down with Partners Erin Nicholls and Michael Clear and offers invaluable insights into the client experience on Wiggin(x), a unique venture aimed at revolutionizing the startup ecosystem for founders. Don’t miss out on this engaging conversation that navigates the complex terrain of equity and legacy planning. From equity considerations, entity choices, and strategic planning for early-stage companies, Wiggin(x) is here to assist founders as they take the first step towards making well-informed decisions about their business and legacy planning.

]]>Discover the intersection between founding ventures and estate planning on today’s episode of Future Focused. Wiggin and Dana Partner Jack Sousa, a founder of wiggin(x) and co-chair of our Emerging Company and Venture Capital Group sits down with Partners Erin Nicholls and Michael Clear and offers invaluable insights into the client experience on Wiggin(x), a unique venture aimed at revolutionizing the startup ecosystem for founders. Don’t miss out on this engaging conversation that navigates the complex terrain of equity and legacy planning. From equity considerations, entity choices, and strategic planning for early-stage companies, Wiggin(x) is here to assist founders as they take the first step towards making well-informed decisions about their business and legacy planning.

]]>7e1ca2c2-5b0d-450d-87f6-933c7a0995f3Tue, 18 Jun 2024 08:00:00 -040022:39falsefull2929A Guide for Business Owners: Navigating the Complexities of Estate PlanningA Guide for Business Owners: Navigating the Complexities of Estate PlanningBusiness owners have their own set of challenges to address when considering estate planning strategies, including family concerns, personal concerns and operation of the business itself. On this episode, Partner Michael Clear supplies a roadmap of estate planning options for business owners that seek to address these challenges. He reviews the three phases of estate planning, which are foundational planning, continuity and liquidity planning, and advanced planning. Ultimately, the goal is to get the business owner through each phase, but what do these phases mean and how do we get there? Tune in for answers to these questions, and more!

]]>Business owners have their own set of challenges to address when considering estate planning strategies, including family concerns, personal concerns and operation of the business itself. On this episode, Partner Michael Clear supplies a roadmap of estate planning options for business owners that seek to address these challenges. He reviews the three phases of estate planning, which are foundational planning, continuity and liquidity planning, and advanced planning. Ultimately, the goal is to get the business owner through each phase, but what do these phases mean and how do we get there? Tune in for answers to these questions, and more!

]]>ef7ee318-7f95-4616-8235-b843fba00f81Thu, 06 Jun 2024 04:00:00 -040015:46falsefull2828The CTA is Here to Stay: Reporting Requirements under the Corporate Transparency ActThe CTA is Here to Stay: Reporting Requirements under the Corporate Transparency ActOn this episode, Partners Michael Clear and Erin Nicholls review the requirements under the Corporate Transparency Act (“CTA”) now in effect. They discuss what exemptions available to entities, who the beneficial owners are, when to file reports, and other insights into what is needed to comply with the CTA.

Be sure to tune into this episode and review our other related content to learn more. Feel free to contact a Wiggin and Dana attorney with any questions.

]]>On this episode, Partners Michael Clear and Erin Nicholls review the requirements under the Corporate Transparency Act (“CTA”) now in effect. They discuss what exemptions available to entities, who the beneficial owners are, when to file reports, and other insights into what is needed to comply with the CTA.

Be sure to tune into this episode and review our other related content to learn more. Feel free to contact a Wiggin and Dana attorney with any questions.

]]>23932fbf-0ece-49e3-865e-4da4d2cabc33Tue, 09 Apr 2024 04:00:00 -040022:17falsefull2727Teaching the Value of the Dollar: Guest Tom Henske Makes Total CentsTeaching the Value of the Dollar: Guest Tom Henske Makes Total CentsDo your children think money grows on trees? Do they understand the value of a dollar? On this week’s episode, Partner Michael Clear sits down with Tom Henske, author of It Makes Total Cents, which gives parents tools to have an honest conversation with their kids about the value of money and the importance of starting the conversation at a young age. With a background in structuring life insurance portfolios for high-net-worth individuals and financial planning, Tom has made it his business to not only help clients prepare the money for their kids, but to also prepare the kids for the money. Be sure to tune in to learn more and check out totalcents, where you can find Tom’s book and podcast, and The Affluent Insurance Advisor, for life insurance policy information. 

]]>Do your children think money grows on trees? Do they understand the value of a dollar? On this week’s episode, Partner Michael Clear sits down with Tom Henske, author of It Makes Total Cents, which gives parents tools to have an honest conversation with their kids about the value of money and the importance of starting the conversation at a young age. With a background in structuring life insurance portfolios for high-net-worth individuals and financial planning, Tom has made it his business to not only help clients prepare the money for their kids, but to also prepare the kids for the money. Be sure to tune in to learn more and check out totalcents, where you can find Tom’s book and podcast, and The Affluent Insurance Advisor, for life insurance policy information. 

]]>50ec0e5f-edc2-4b73-b771-e661d4f58d94Tue, 26 Mar 2024 04:00:00 -040029:23falsefull2626Lessons Learned with Larry Lipoff: Live From the 58th Annual Heckerling Institute on Estate Planning ConferenceLessons Learned with Larry Lipoff: Live From the 58th Annual Heckerling Institute on Estate Planning ConferenceOn this episode, Partner Michael Clear sits down with Larry Lipoff, CPA, TEP, CEBS, who is a Director in CohnReznick’s Trusts and Estates Practice, to discuss the key takeaways from the 58th Annual Heckerling Institute on Estate Planning Conference. They dive into topics such as the “Rockefeller Waterfall,” planning with fluctuating interest rates, a possible upheaval in residential and commercial real estate, trustee liability, gift splitting, and more. Tune in as Michael and Larry break down a number of topics that will inevitably affect how practitioners advise their clients on estate planning well into the future.

]]>On this episode, Partner Michael Clear sits down with Larry Lipoff, CPA, TEP, CEBS, who is a Director in CohnReznick’s Trusts and Estates Practice, to discuss the key takeaways from the 58th Annual Heckerling Institute on Estate Planning Conference. They dive into topics such as the “Rockefeller Waterfall,” planning with fluctuating interest rates, a possible upheaval in residential and commercial real estate, trustee liability, gift splitting, and more. Tune in as Michael and Larry break down a number of topics that will inevitably affect how practitioners advise their clients on estate planning well into the future.

]]>4f782e87-ca47-4b04-b694-3096fc5d6fe8Tue, 05 Mar 2024 04:00:00 -040018:10falsefull2525Life Insurance and Trust Planning: Insights from Special Guest Sarah MooreLife Insurance and Trust Planning: Insights from Special Guest Sarah MooreLife insurance can be a valuable estate planning tool for generational wealth planning, creating liquidity and time diversification. On this week’s episode, Michael Clear and special guest Sarah Moore, Director of Advisor Relations at the Coyle Company, a firm that handles estate planning and business planning matters, discuss the importance of reviewing existing life insurance policies and portfolios to ensure they align with long-term estate planning goals.  They delve into the impact of rising interest rates on life insurance policies and loans, and the need for trustees to regularly review policies for optimal performance. Tune in to learn how life insurance and proper trust planning can be a powerful estate planning tool for high-net-worth clients.

]]>Life insurance can be a valuable estate planning tool for generational wealth planning, creating liquidity and time diversification. On this week’s episode, Michael Clear and special guest Sarah Moore, Director of Advisor Relations at the Coyle Company, a firm that handles estate planning and business planning matters, discuss the importance of reviewing existing life insurance policies and portfolios to ensure they align with long-term estate planning goals.  They delve into the impact of rising interest rates on life insurance policies and loans, and the need for trustees to regularly review policies for optimal performance. Tune in to learn how life insurance and proper trust planning can be a powerful estate planning tool for high-net-worth clients.

]]>e6de5101-285d-46b8-8508-d8211a5ffe7cTue, 20 Feb 2024 04:00:00 -040010:10falsefull2424A Closer Look at Conservatorships: What You Should KnowA Closer Look at Conservatorships: What You Should KnowThe role of a conservator is often misunderstood and recent headlines about celebrity conservatorships tend to paint conservatorships in a negative light. However, in this episode, Hosts Erin Nicholls and Michael Clear, provide context to understanding the differences between conservatorship of the person and of the estate, voluntary and involuntary conservatorships, and how planning documents like powers of attorney and living trusts can help protect against the need for a conservatorship. This informative and engaging discussion is a must-listen for anyone interested in better understanding the real-world implications of conservatorships, as well as alternative strategies for managing one’s health and financial well-being.

]]>The role of a conservator is often misunderstood and recent headlines about celebrity conservatorships tend to paint conservatorships in a negative light. However, in this episode, Hosts Erin Nicholls and Michael Clear, provide context to understanding the differences between conservatorship of the person and of the estate, voluntary and involuntary conservatorships, and how planning documents like powers of attorney and living trusts can help protect against the need for a conservatorship. This informative and engaging discussion is a must-listen for anyone interested in better understanding the real-world implications of conservatorships, as well as alternative strategies for managing one’s health and financial well-being.

]]>02850af0-5802-4a73-98d1-997c4dcacbd9Tue, 06 Feb 2024 04:00:00 -040019:04falsefull2323Sun, Sand, and State Residency: Navigating Florida’s Domicile RulesSun, Sand, and State Residency: Navigating Florida’s Domicile RulesWith so many people fleeing their northern home states and heading south for a sunnier lifestyle, it’s more important than ever to understand the process of changing domicile and residence. On this week’s episode, Partner Michael Clear travels to sunny Florida and chats with Florida-based Partner Veronica Bauer on the necessary “checklist” to declare domicile and residence in the state of Florida. They cover important steps such as obtaining a Florida driver's license, registering to vote, and filing a Declaration of Domicile. They also provide insights into the homestead exemption and how to avoid triggering events that could affect your domicile status. Their conversation is informative and provides helpful tips for those considering a move to Florida, so tune in to learn more.  

]]>With so many people fleeing their northern home states and heading south for a sunnier lifestyle, it’s more important than ever to understand the process of changing domicile and residence. On this week’s episode, Partner Michael Clear travels to sunny Florida and chats with Florida-based Partner Veronica Bauer on the necessary “checklist” to declare domicile and residence in the state of Florida. They cover important steps such as obtaining a Florida driver's license, registering to vote, and filing a Declaration of Domicile. They also provide insights into the homestead exemption and how to avoid triggering events that could affect your domicile status. Their conversation is informative and provides helpful tips for those considering a move to Florida, so tune in to learn more.  

]]>1622b685-3eeb-4e71-b270-4cfa17d66545Tue, 23 Jan 2024 04:00:00 -040020:37falsefull2222Estate Planning in 2024: Opportunities and Challenges AheadEstate Planning in 2024: Opportunities and Challenges AheadReady to kick off the New Year and make good on all those estate planning resolutions? On this first episode of 2024, Partners Erin Nicholls and Michael Clear highlight the estate planning opportunities resulting from changes in estate, gift and generation-skipping tax exemptions and discuss why 2024 is a good year to consider making big gifts before the exemptions are halved in 2026. They also discuss the importance of reviewing and updating your estate plans, including planning for beneficiaries, trust funding and making any desired changes to fiduciaries. 2024 will be the year to set clear goals, plan strategically, and focus on estate planning before it’s too late.

]]>Ready to kick off the New Year and make good on all those estate planning resolutions? On this first episode of 2024, Partners Erin Nicholls and Michael Clear highlight the estate planning opportunities resulting from changes in estate, gift and generation-skipping tax exemptions and discuss why 2024 is a good year to consider making big gifts before the exemptions are halved in 2026. They also discuss the importance of reviewing and updating your estate plans, including planning for beneficiaries, trust funding and making any desired changes to fiduciaries. 2024 will be the year to set clear goals, plan strategically, and focus on estate planning before it’s too late.

]]>f2e4c9cd-339c-4e84-bf53-bfee7f185dbbTue, 09 Jan 2024 04:00:00 -040013:58falsefull21212023 Year in Review - Future Focused: Sophisticated Estate Planning2023 Year in Review - Future Focused: Sophisticated Estate PlanningAs we wrap up 2023, let us take a look back at some of the important estate planning topics that were discussed throughout the year. Our Partners Erin Nicholls and Michael Clear and their distinguished guests shared their expertise on a wide range of subjects, including Using Trusts for Your Beneficiaries, SLATs, Estate Planning and Digital Assets, Key Considerations with Generation-Skipping Transfer Tax, How to Include Family Members in an Estate Planning Conversation, The Corporate Transparency Act, and Prenuptial Agreements. You can access the full episodes by clicking the link below to better understand these topics. Plus, we have exciting plans to bring you more informative and insightful episodes next year, so stay tuned!

 

]]>As we wrap up 2023, let us take a look back at some of the important estate planning topics that were discussed throughout the year. Our Partners Erin Nicholls and Michael Clear and their distinguished guests shared their expertise on a wide range of subjects, including Using Trusts for Your Beneficiaries, SLATs, Estate Planning and Digital Assets, Key Considerations with Generation-Skipping Transfer Tax, How to Include Family Members in an Estate Planning Conversation, The Corporate Transparency Act, and Prenuptial Agreements. You can access the full episodes by clicking the link below to better understand these topics. Plus, we have exciting plans to bring you more informative and insightful episodes next year, so stay tuned!

 

]]>c591a7ce-5341-479e-b08e-f74664ada63cTue, 26 Dec 2023 08:00:00 -040013:06falsefull2020And Just Like That, 2023 is Over: Preparing for 2024And Just Like That, 2023 is Over: Preparing for 2024As 2023 draws to a close, we gear up for a busy holiday season and start planning for 2024 (#FutureFocused). On this week’s episode, Partners Erin Nicholls and Michael Clear highlight a few things that clients and advisors should focus on as we near the end of the year, including putting the finishing touches on estate plans, making annual exclusion gifts, charitable donations, and required minimum distributions from IRAs. Tune in to learn more and check back in the new year for fresh episodes on even more interesting, sophisticated estate planning strategies.







]]>As 2023 draws to a close, we gear up for a busy holiday season and start planning for 2024 (#FutureFocused). On this week’s episode, Partners Erin Nicholls and Michael Clear highlight a few things that clients and advisors should focus on as we near the end of the year, including putting the finishing touches on estate plans, making annual exclusion gifts, charitable donations, and required minimum distributions from IRAs. Tune in to learn more and check back in the new year for fresh episodes on even more interesting, sophisticated estate planning strategies.







]]>ef3f956f-53e4-4407-acc7-63bb317c072cTue, 12 Dec 2023 04:00:00 -040009:15falsefull1919Prenuptial Agreements: Safeguarding Your Family’s Financial FuturePrenuptial Agreements: Safeguarding Your Family’s Financial FutureOn this episode of “Future Focused: Sophisticated Estate Planning,” Partners Erin Nicholls and Michael Clear sit down with Partner Helen Heintz to discuss the intricacies of prenuptial agreements. From the nuances of defining separate and marital property to navigating potential pitfalls, they review the complexities and importance of prenups in protecting wealth. Helen also sheds light on the significance of full disclosure, the ideal timeline for drafting agreements, and addresses common misconceptions, offering valuable insights for professionals guiding their clients through the prenuptial process. Tune in to gain a comprehensive understanding of prenuptial agreements and how they play a crucial role in estate planning.

]]>On this episode of “Future Focused: Sophisticated Estate Planning,” Partners Erin Nicholls and Michael Clear sit down with Partner Helen Heintz to discuss the intricacies of prenuptial agreements. From the nuances of defining separate and marital property to navigating potential pitfalls, they review the complexities and importance of prenups in protecting wealth. Helen also sheds light on the significance of full disclosure, the ideal timeline for drafting agreements, and addresses common misconceptions, offering valuable insights for professionals guiding their clients through the prenuptial process. Tune in to gain a comprehensive understanding of prenuptial agreements and how they play a crucial role in estate planning.

]]>80b8ff01-01a6-4ae4-9579-e8aabe9e6076Tue, 28 Nov 2023 08:00:00 -040020:47falsefull1818Purr-fectly Prepared: Estate Planning for PetsPurr-fectly Prepared: Estate Planning for PetsFor many, pets are part of their family like any other family member, sometimes more so. That said, who cares for your pets after your death, and what money can be set aside for their support? Questions like these are addressed on this episode of “Future Focused: Sophisticated Estate Planning,” where Partners Erin Nicholls and Michael Clear discuss various estate planning approaches, including making a bequest, funding a pet trust and designating entrusted people to care for your pets after your death.

]]>For many, pets are part of their family like any other family member, sometimes more so. That said, who cares for your pets after your death, and what money can be set aside for their support? Questions like these are addressed on this episode of “Future Focused: Sophisticated Estate Planning,” where Partners Erin Nicholls and Michael Clear discuss various estate planning approaches, including making a bequest, funding a pet trust and designating entrusted people to care for your pets after your death.

]]>2b774257-1cd5-4b04-875c-0f131a287f7fTue, 17 Oct 2023 04:00:00 -040014:13falsefull1717Home Sweet Loan: Helping Loved Ones Buy a HomeHome Sweet Loan: Helping Loved Ones Buy a HomeFor many potential home buyers, purchasing a home can be daunting, especially in today’s housing market. It is often a huge financial burden, and many will need some assistance to close the deal. On this episode of “Future Focused: Sophisticated Estate Planning,” Partners Erin Nicholls and Michael Clear discuss several available options to assist with purchasing a home for a family member, including intrafamily loans, purchasing through a trust, or gifting money. Tune into this episode to learn more and contact your Wiggin and Dana attorney with any questions and for further guidance.

]]>For many potential home buyers, purchasing a home can be daunting, especially in today’s housing market. It is often a huge financial burden, and many will need some assistance to close the deal. On this episode of “Future Focused: Sophisticated Estate Planning,” Partners Erin Nicholls and Michael Clear discuss several available options to assist with purchasing a home for a family member, including intrafamily loans, purchasing through a trust, or gifting money. Tune into this episode to learn more and contact your Wiggin and Dana attorney with any questions and for further guidance.

]]>e20c931b-c5f2-4528-b7a0-d38c24c802a0Tue, 03 Oct 2023 04:00:00 -040013:31falsefull1616The Corporate Transparency Act: Navigating Reporting and ComplianceThe Corporate Transparency Act: Navigating Reporting and ComplianceThere has been a longstanding effort globally and a lot of pressure on the United States to implement some sort of registry on a federal level for ownership of small and mid-sized entities. On today’s episode of “Future Focused, Sophisticated Estate Planning,” Partners Erin Nicholls and Michael Clear chat with Partner Carolyn Reers about the Corporate Transparency Act (CTA), which requires disclosure of previously private beneficial ownership, formation, and management information for certain entities to the Federal government with the purpose of detecting and, ultimately, preventing money laundering and terrorist activities using these entities.

Be sure to tune into this episode to learn how the CTA has dramatically changed the landscape of small to mid-sized business reporting in the United States and do not hesitate to contact your Wiggin and Dana Private Client Services attorney with any questions.

]]>There has been a longstanding effort globally and a lot of pressure on the United States to implement some sort of registry on a federal level for ownership of small and mid-sized entities. On today’s episode of “Future Focused, Sophisticated Estate Planning,” Partners Erin Nicholls and Michael Clear chat with Partner Carolyn Reers about the Corporate Transparency Act (CTA), which requires disclosure of previously private beneficial ownership, formation, and management information for certain entities to the Federal government with the purpose of detecting and, ultimately, preventing money laundering and terrorist activities using these entities.

Be sure to tune into this episode to learn how the CTA has dramatically changed the landscape of small to mid-sized business reporting in the United States and do not hesitate to contact your Wiggin and Dana Private Client Services attorney with any questions.

]]>1920541c-bc09-4fbd-a4c2-62177c96907fTue, 19 Sep 2023 08:15:00 -040034:10falsefull1515From Cradle to College: Strategies for Funding Educational ExpensesFrom Cradle to College: Strategies for Funding Educational ExpensesFunding education at any level can be a large expense and may require a lot of advanced planning. In this episode of "Future Focused: Sophisticated Estate Planning," hosts Erin Nicholls and Michael Clear discuss key strategies for funding educational expenses. They explore various options, including the direct payment of tuition, 529 educational funding plans, and the use of trusts. Erin and Michael highlight the flexibility and tax advantages of these strategies, making it a must-listen for clients as well as professionals in the field of estate planning. Be sure to tune into this episode to learn how to optimize these strategies to meet your needs and contact your Wiggin and Dana Private Client Services attorney if you have questions about funding educational expenses.

Related Content:


]]>Funding education at any level can be a large expense and may require a lot of advanced planning. In this episode of "Future Focused: Sophisticated Estate Planning," hosts Erin Nicholls and Michael Clear discuss key strategies for funding educational expenses. They explore various options, including the direct payment of tuition, 529 educational funding plans, and the use of trusts. Erin and Michael highlight the flexibility and tax advantages of these strategies, making it a must-listen for clients as well as professionals in the field of estate planning. Be sure to tune into this episode to learn how to optimize these strategies to meet your needs and contact your Wiggin and Dana Private Client Services attorney if you have questions about funding educational expenses.

Related Content:


]]>cba9467c-099f-461a-a277-dfc2bde859afTue, 05 Sep 2023 09:30:00 -040024:53falsefull1414Trustee Troubles: A Beneficiary’s Guide to Trustee RemovalTrustee Troubles: A Beneficiary’s Guide to Trustee RemovalTrustees behaving badly? In this episode of "Future Focused," hosts Erin Nicholls and Michael Clear discuss trusts and mechanisms available for a trust beneficiary to remove a trustee. From understanding the roles of trustees and educating beneficiaries to exploring communication breakdowns, compromise options, and even judicial routes, Michael and Erin provide expert insights and strategies for reclaiming control and resolving trust-related grievances.

Be sure to tune into this episode and contact your Wiggin and Dana Private Client Services attorney if you have questions about the role of a trustee or if you are considering removing a trustee.

Related Content:


]]>Trustees behaving badly? In this episode of "Future Focused," hosts Erin Nicholls and Michael Clear discuss trusts and mechanisms available for a trust beneficiary to remove a trustee. From understanding the roles of trustees and educating beneficiaries to exploring communication breakdowns, compromise options, and even judicial routes, Michael and Erin provide expert insights and strategies for reclaiming control and resolving trust-related grievances.

Be sure to tune into this episode and contact your Wiggin and Dana Private Client Services attorney if you have questions about the role of a trustee or if you are considering removing a trustee.

Related Content:


]]>fedd6d06-c598-4c6a-bdf3-d9dafe11f73aTue, 25 Jul 2023 04:00:00 -040015:12falsefull1313Private Foundations 101: Annual Administrative RequirementsPrivate Foundations 101: Annual Administrative RequirementsIn this episode of “Future Focused,” Partners Erin Nicholls and Michael Clear discuss the operation of family foundations as a wealth planning strategy. They highlight the trade-offs between donor advised funds and private foundations, focusing on the annual requirements of private foundations. They cover topics such as federal reporting, the 5% minimum distribution requirement, state-level reporting, annual meetings, and grant-making best practices. This episode provides valuable insights for high-net-worth individuals interested in philanthropic endeavors and sheds light on the complexity of administering private foundations.

Be sure to tune in and contact your Wiggin and Dana Private Client Services attorney to discuss charitable planning options that may be right for you or for your client.

Related Content:


]]>In this episode of “Future Focused,” Partners Erin Nicholls and Michael Clear discuss the operation of family foundations as a wealth planning strategy. They highlight the trade-offs between donor advised funds and private foundations, focusing on the annual requirements of private foundations. They cover topics such as federal reporting, the 5% minimum distribution requirement, state-level reporting, annual meetings, and grant-making best practices. This episode provides valuable insights for high-net-worth individuals interested in philanthropic endeavors and sheds light on the complexity of administering private foundations.

Be sure to tune in and contact your Wiggin and Dana Private Client Services attorney to discuss charitable planning options that may be right for you or for your client.

Related Content:


]]>0e74742b-eb38-48b8-843e-2d0480484395Tue, 11 Jul 2023 04:00:00 -040016:22falsefull1212The Estate Plan Audit: Addressing Changes in Assets, Relationships and TaxesThe Estate Plan Audit: Addressing Changes in Assets, Relationships and TaxesIn an ever-evolving landscape, it's crucial to audit an estate plan and ensure it keeps pace with your life. On this episode, Partners Erin Nicholls and Michael Clear dive into the importance of revisiting your estate plan, examining the impact of changes in asset levels, evolving inter-personal relationships, relocating to a new state, and changes tax laws. They provide valuable insight into conducting a successful estate plan audit, equipping you with the knowledge and tools to safeguard your legacy.

Be sure to tune in and reach out to your Wiggin and Dana Private Client Services attorney to conduct an estate plan audit.

 

]]>In an ever-evolving landscape, it's crucial to audit an estate plan and ensure it keeps pace with your life. On this episode, Partners Erin Nicholls and Michael Clear dive into the importance of revisiting your estate plan, examining the impact of changes in asset levels, evolving inter-personal relationships, relocating to a new state, and changes tax laws. They provide valuable insight into conducting a successful estate plan audit, equipping you with the knowledge and tools to safeguard your legacy.

Be sure to tune in and reach out to your Wiggin and Dana Private Client Services attorney to conduct an estate plan audit.

 

]]>771028d4-ca6b-40f7-a26f-0c406847c718Tue, 20 Jun 2023 04:00:00 -040023:30falsefull1111Life After Leaving the Nest: Key Estate Planning Considerations for High School GradsLife After Leaving the Nest: Key Estate Planning Considerations for High School GradsWith summer swiftly approaching, many families will be celebrating high school graduations and making plans to send those children off to college. But many are not prepared for the reality that parents lose their ability to access health and financial information related to their children after those children become young adults. Parents, therefore, may find themselves unable to assist their child with critical decisions as a child moves away from the home, often to a college campus.

On this episode Partners Erin Nicholls and Michael Clear highlight the key documents that are essential to ensuring financial and medical decision-making powers are in place should the unexpected happen. They will give insight as to why having a Power of Attorney, Health Care Documents and a Will in place is essential for many young adults.


We know this time of year can be exciting and stressful for many families and adding one more item to the to-do list is not preferred, but using this major life event to (i) educate a young adult about estate planning and (ii) ensure continuity in care is vitally important. Tune into this week’s episode to learn how Wiggin and Dana’s Private Client Services team can help clients and their young adult children plan for the future.

]]>With summer swiftly approaching, many families will be celebrating high school graduations and making plans to send those children off to college. But many are not prepared for the reality that parents lose their ability to access health and financial information related to their children after those children become young adults. Parents, therefore, may find themselves unable to assist their child with critical decisions as a child moves away from the home, often to a college campus.

On this episode Partners Erin Nicholls and Michael Clear highlight the key documents that are essential to ensuring financial and medical decision-making powers are in place should the unexpected happen. They will give insight as to why having a Power of Attorney, Health Care Documents and a Will in place is essential for many young adults.


We know this time of year can be exciting and stressful for many families and adding one more item to the to-do list is not preferred, but using this major life event to (i) educate a young adult about estate planning and (ii) ensure continuity in care is vitally important. Tune into this week’s episode to learn how Wiggin and Dana’s Private Client Services team can help clients and their young adult children plan for the future.

]]>99e43e72-b521-4a92-9aaa-8518d6d25fc3Tue, 06 Jun 2023 04:00:00 -040012:19falsefull1010Location, Location, Location: Benefits of Jurisdiction Selection in Trust PlanningLocation, Location, Location: Benefits of Jurisdiction Selection in Trust PlanningOn this episode, join Partners Erin Nicholls and Michael Clear as they dive into a discussion on jurisdiction selection in the context of advanced planning strategies. What does it mean to select a jurisdiction when establishing a trust, and what benefits are available when considering one jurisdiction over another? Erin and Michael address these questions and more, with a primary focus on the following factors: (i) the rule against perpetuities, (ii) bifurcation of trustee duties, and (iii) income tax implications. These and other factors help to determine which jurisdiction is best suited to address a client’s specific goals.

 

There is a lot to consider when selecting a jurisdiction for a trust, so tune into this episode to learn more and be sure to reach out to the Wiggin and Dana’s Private Client Services team to further assist.

]]>On this episode, join Partners Erin Nicholls and Michael Clear as they dive into a discussion on jurisdiction selection in the context of advanced planning strategies. What does it mean to select a jurisdiction when establishing a trust, and what benefits are available when considering one jurisdiction over another? Erin and Michael address these questions and more, with a primary focus on the following factors: (i) the rule against perpetuities, (ii) bifurcation of trustee duties, and (iii) income tax implications. These and other factors help to determine which jurisdiction is best suited to address a client’s specific goals.

 

There is a lot to consider when selecting a jurisdiction for a trust, so tune into this episode to learn more and be sure to reach out to the Wiggin and Dana’s Private Client Services team to further assist.

]]>e5f6bed3-f6c1-4484-92a7-2c1c8bbf92deTue, 23 May 2023 04:00:00 -040017:22falsefull99Beyond the Documents: How to Include Family Members in an Estate Planning ConversationBeyond the Documents: How to Include Family Members in an Estate Planning ConversationOn this episode, join Partners Dan Daniels and Michael Clear as they discuss the importance of educating the next generation on an estate planning matters. From the protection of assets in cases of divorce or litigation, to aligning a child’s assumptions with reality, you will gain insight on how best to structure a family meeting and facilitate a productive conversation for all members involved. Whether it be a pending marriage or a death in the family, these life events often trigger the need for a family meeting where family members can gain insight about the flow of assets under the plan and who has decision making powers.

 

We know how difficult these conversations can be, so tune into this week’s episode to learn how Wiggin and Dana’s Private Client Services team can assist you in your own discussions with the next generation on estate planning matters.

]]>On this episode, join Partners Dan Daniels and Michael Clear as they discuss the importance of educating the next generation on an estate planning matters. From the protection of assets in cases of divorce or litigation, to aligning a child’s assumptions with reality, you will gain insight on how best to structure a family meeting and facilitate a productive conversation for all members involved. Whether it be a pending marriage or a death in the family, these life events often trigger the need for a family meeting where family members can gain insight about the flow of assets under the plan and who has decision making powers.

 

We know how difficult these conversations can be, so tune into this week’s episode to learn how Wiggin and Dana’s Private Client Services team can assist you in your own discussions with the next generation on estate planning matters.

]]>893c8e25-7dd5-45a2-b0e7-007bfe65497dTue, 09 May 2023 04:00:00 -040031:13falsefull88Fixing my Irrevocable Trust: DecantingFixing my Irrevocable Trust: DecantingOn this episode, join Partners Erin Nicholls and Michael Clear as they discuss mechanisms we have at our disposal to “fix” an irrevocable trust. The use of decanting, which is traditionally thought of as moving all the assets of one trust to a new trust, is one such mechanism. With the adoption of the Uniform Trust Code in the majority of US States, Erin and Michael contrast the use of common law and statutory decanting, and highlight some of the requirements and issues with both approaches. For example, the situs of an irrevocable trust may need to move to a different jurisdiction. Although decanting is often relied upon to fix an irrevocable trust, there are potentially serious tax implications if not handled carefully. Fortunately, there may be other mechanisms available – stay tuned for our next episode on alternate ways to “fix” an irrevocable trust.

]]>On this episode, join Partners Erin Nicholls and Michael Clear as they discuss mechanisms we have at our disposal to “fix” an irrevocable trust. The use of decanting, which is traditionally thought of as moving all the assets of one trust to a new trust, is one such mechanism. With the adoption of the Uniform Trust Code in the majority of US States, Erin and Michael contrast the use of common law and statutory decanting, and highlight some of the requirements and issues with both approaches. For example, the situs of an irrevocable trust may need to move to a different jurisdiction. Although decanting is often relied upon to fix an irrevocable trust, there are potentially serious tax implications if not handled carefully. Fortunately, there may be other mechanisms available – stay tuned for our next episode on alternate ways to “fix” an irrevocable trust.

]]>befba6bd-ebc9-4174-8a45-0e8e6f5fab3bTue, 25 Apr 2023 04:00:00 -040031:50falsefull77Key Considerations with Generation-Skipping Transfer TaxKey Considerations with Generation-Skipping Transfer TaxOn this episode, join Partners Erin Nicholls and Michael Clear as they discuss key considerations when addressing Generation-Skipping Transfer (GST) Tax. With a particular focus on interesting planning opportunities and things to look out for when addressing GST tax. Erin and Michael emphasize the importance of thinking strategically about GST tax and its effects on estate planning. For example, if gifts to a grandchild are in the form of qualified education or medical expenses paid directly to the educational organization or medical provider, the gifts may qualify for the “Med-Ed Exclusion” and not be subject to GST tax. Also, in addition to the more well-known gift tax annual exclusion, each person has a GST tax annual exclusion amount that they may allocate to gifts made to certain individuals, thereby potentially qualifying these gifts as free from gift and GST tax.

 

Keep in mind that planning for GST tax can be complicated, so tune into this week’s episode for an overview of different ways to consider GST tax in estate planning.

]]>On this episode, join Partners Erin Nicholls and Michael Clear as they discuss key considerations when addressing Generation-Skipping Transfer (GST) Tax. With a particular focus on interesting planning opportunities and things to look out for when addressing GST tax. Erin and Michael emphasize the importance of thinking strategically about GST tax and its effects on estate planning. For example, if gifts to a grandchild are in the form of qualified education or medical expenses paid directly to the educational organization or medical provider, the gifts may qualify for the “Med-Ed Exclusion” and not be subject to GST tax. Also, in addition to the more well-known gift tax annual exclusion, each person has a GST tax annual exclusion amount that they may allocate to gifts made to certain individuals, thereby potentially qualifying these gifts as free from gift and GST tax.

 

Keep in mind that planning for GST tax can be complicated, so tune into this week’s episode for an overview of different ways to consider GST tax in estate planning.

]]>be2512b3-addd-4ac9-945b-1fa322f238c3Tue, 11 Apr 2023 04:00:00 -040016:48falsefull66Estate Planning for Digital AssetsEstate Planning for Digital AssetsOn this episode, join Partners Michael Clear and Vanessa Maczko as they discuss estate planning considerations for digital assets, which often require special attention when compared to more traditional assets, like real property and marketable securities. For example, sentimental digital assets (such as social media accounts, email, photos on your computer or cell phone), may require specific language in your estate plan for your fiduciaries to access and protect them after your death. Cryptocurrency and other valuable digital assets (such as NFTs) require even more forethought to transfer to your beneficiaries. With that in mind, Michael and Vanessa offer insightful commentary on creative estate planning techniques for properly incorporating digital assets in an estate plan.

Our article, "Understanding Digital Assets in the Context of Estate Planning" has additional reading on this topic. Read now.


]]>On this episode, join Partners Michael Clear and Vanessa Maczko as they discuss estate planning considerations for digital assets, which often require special attention when compared to more traditional assets, like real property and marketable securities. For example, sentimental digital assets (such as social media accounts, email, photos on your computer or cell phone), may require specific language in your estate plan for your fiduciaries to access and protect them after your death. Cryptocurrency and other valuable digital assets (such as NFTs) require even more forethought to transfer to your beneficiaries. With that in mind, Michael and Vanessa offer insightful commentary on creative estate planning techniques for properly incorporating digital assets in an estate plan.

Our article, "Understanding Digital Assets in the Context of Estate Planning" has additional reading on this topic. Read now.


]]>91ad9b07-4717-4a23-96b6-4aa7a5ad1b22Tue, 28 Mar 2023 04:00:00 -040019:17falsefull55Legacy Assets in Estate PlanningLegacy Assets in Estate PlanningIn this episode, Erin Nicholls and Michael Clear discuss strategies for preserving family legacy assets across generations. With a particular focus on the management and division of interests in real property, such as family compounds and homesteads, Erin and Michael discuss considerations related to carrying costs, ownership structures, bloodline protection, and transfers of interest, while also being mindful of a family’s overall estate planning goals.

]]>In this episode, Erin Nicholls and Michael Clear discuss strategies for preserving family legacy assets across generations. With a particular focus on the management and division of interests in real property, such as family compounds and homesteads, Erin and Michael discuss considerations related to carrying costs, ownership structures, bloodline protection, and transfers of interest, while also being mindful of a family’s overall estate planning goals.

]]>f3e14588-287d-49c6-adbc-867cd221df94Tue, 14 Mar 2023 04:00:00 -040017:42falsefull44SLATs: are two too good to be true?SLATs: are two too good to be true?Discussing Spousal Lifetime Access Trusts and strategies for using them for each spouse.

]]>Discussing Spousal Lifetime Access Trusts and strategies for using them for each spouse.

]]>f6da9b5c-a448-4f59-865f-89cc12b3f201Tue, 28 Feb 2023 04:00:00 -040021:17falsefull33SLATs and GiftingSLATs and GiftingDiscussing Spousal Lifetime Access Trusts (SLATs) and how they can be a great idea for clients considering making a large gift.

]]>Discussing Spousal Lifetime Access Trusts (SLATs) and how they can be a great idea for clients considering making a large gift.

]]>30fe0111-ada5-4f78-9a42-3f80b237f3c2Tue, 14 Feb 2023 04:00:00 -040022:43falsefull22Using Trusts for Your BeneficiariesUsing Trusts for Your BeneficiariesUnderstanding the role of trusts and how modern trusts can be designed for flexibility

]]>Understanding the role of trusts and how modern trusts can be designed for flexibility

]]>7e2813b0-7cd7-4125-ba47-aa1988302655Fri, 06 Jan 2023 04:00:00 -040021:25falsefull11