- posted 8 years ago
How to Build Your Financial Dream Team
Some good things in this article to review - for example, they point out that "a good estate lawyer  shoul dbe weighing whether you should make moves to take advantage of the current $5 million gift-tax exclusion -- which is scheduled to drop to $1 million in 2013 -- rather than waiting until the end of 2012 to make recommendations."
[As an aside, that's a huge drop - and while it's easy to think that anyone who's got enough money that this kind of thing is an issue probably has folks like these attorneys on call - they don't - and the $1 million exemption hits a *lot* more people.]
The article reiterates a point that I've made many times - that just about anyone may call himself a "financial adviser" (which is *not* the same thing as a "registered investment advisor") - and that "insurance sales people, stockbrokers, accountants and even lawyers might call themselves "financial advisers".
A couple of organizations mentioned in the article as places to go to look for a good financial advisor include NAPFA, the CFP Board, and the FPA.
Anyway, it's a nice article with some important points about how to build a "team" - insurance, attorney, accountant, advisor.
-- David S. Meyers, CFP(R) http://www.MeyersMoney.com
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