Financial advisors with entrepreneurial clients—first-generation wealth creators—best take heed of Obama’s recently introduced plans to bring back the federal estate tax. Obama’s plan would actually raise taxes on farmers and small businesses despite decreased tax and increased exemptions. (FAs with old money clients, well, you’ve probably already helped them take steps to dampen estate taxes.)
For more, please go to VonAldo.com, the blog of Registered Rep. Editor-in-Chief David A. Geracioti.