Episode Details

In this episode of the Life Matters Podcast, host Jenna Washatka, Head of Advanced Sales at Penn Mutual, welcomes Jonathan Forster, an estate planning attorney and leader in the private wealth space at Baker & Hostetler LLP, to discuss estate planning after tax reform and what financial professionals should know.

Estate planning involves more than how much a client can pass on without paying federal estate taxes. Jonathan explains why it helps to look at the family's full financial picture and how financial professionals can help clients make decisions without overwhelming them.

You'll hear about:

• How recent tax changes affect estate planning
• What giving assets away during life can mean for the taxes a family pays later
• Why trusts need regular reviews with the client's financial, legal, and tax professionals
• How to look at life insurance's value across generations of a family
• What Rockefeller trusts, dynasty trusts, and private split dollar arrangements are and when they may be useful
• Why giving families more control over a trust can sometimes create unexpected problems

This episode is for financial professionals who work with high-net-worth clients or  whose wealth has recently increased. The discussion can help you ask better questions, work more closely with attorneys and tax professionals, and keep the family's wishes at the center of the planning conversation.
 

Have a question or comment for Jenna? Drop her an email at: LifeMatters@PennMutual.com   

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Penn Mutual's Financial Professional Resource Site: https://gateway.pennmutual.com/  

This podcast is for informational purposes. Guests’ views, comments, and opinions on products, services, or strategies do not necessarily represent the views of or imply endorsement by The Penn Mutual Life Insurance Company or its affiliates. Product availability, benefits and provisions vary by state. 

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