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Wealth Transfer and Estate Taxes: Protecting Your Client’s Legacy with Julian Movsesian

A&A Editorial Team, Regulatory, Wealth

Wealth Transfer & Estate Taxes: Key Strategies | Julian Movsesian, Succession Capital Alliance

The coming decades will witness the most significant intergenerational wealth transfer in history, with upwards of $124 trillion in wealth expected to change hands. Your role as a financial professional during this Great Wealth Transfer will be more than just discussing products for high-net-worth clients but helping to safeguard their legacy so that they can pass it on to the next generation.

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Frequently Asked Questions

Q: What is the federal estate tax exemption for 2026?
A: The exemption remains at $13.99 million per person, but state-level taxes may still apply.

Q: How do irrevocable life insurance trusts help with estate taxes?
A: They keep life insurance proceeds out of the taxable estate, providing liquidity without increasing tax liability.

Q: What is a spousal lifetime access trust (SLAT)?
A: A SLAT allows one spouse to transfer assets into a trust for the other, reducing taxable estate value while maintaining access.

Q: Why is lifetime gifting important in wealth transfer?
A: Gifting appreciating assets early can help keep estates under state exemption thresholds and reduce future tax exposure.

Q: What is life insurance premium financing?
A: It’s a strategy that uses loans to fund life insurance premiums, reducing out-of-pocket costs and mitigating gift tax exposure.

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Key takeaways

    1. Despite stopping a reduction to the federal estate tax exemption, recent legislative changes seeking to cut federal costs may cause some states to increase their estate or inheritance taxes.
    2. Strategies like trust structuring, lifetime gifting, and life insurance premium financing can help your clients, where appropriate, to help protect their legacy and transfer it to their beneficiaries intact.
    3. Certain qualifications and/or registration may be needed to successfully assess client needs and discuss the topics and strategies referenced in this article. If you do not have the proper qualifications/registrations, consider reaching out to your trusted network of professionals with the specific expertise needed such as tax and legal advisors. 
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