Here’s a brief glance at what you’ll find in the March/April 2016 Estate Planner.
Taking stock of your estate plan: Why business owners should consider an ESOP
Employee stock ownership plans (ESOPs) offer closely held business owners an exit strategy and a tax-efficient technique for sharing equity with employees. An ESOP can also be a powerful estate and retirement planning tool. This article explains how ESOPs can help business owners address several planning challenges, including lack of liquidity and the need to provide for children outside the business. A sidebar looks at the pros and cons of S corporation ESOPs.
Can a 529 plan benefit your estate plan?
One of the many pressures on parents is ensuring that there will be enough funds to put their children through college. And, along the same lines, they also want the peace of mind that their wealth will be preserved for their children and grandchildren after death. One option that can cover both dilemmas is a 529 plan. This article details how a 529 plan can provide college savings and significant estate planning benefits.
The donor advised fund: A powerful vehicle for charitable giving
Philanthropic individuals can choose between using a donor advised fund (DAF) or a private foundation. This article explains how a DAF — typically sponsored and managed by a community foundation or commercial investment company — offers many of the benefits of a private foundation at a fraction of the cost.
Estate Planning Red Flag:  You’ve named a family member as executor
The executor’s role is critical to the administration of an estate and the overall achievement of the estate planning objectives. Naming a trusted family member as executor may be a natural choice, but it may not be the best. This brief article explains why naming a trusted advisor and a loved one as co-executors may be a better choice.