The Impact of Changes to Carried Interest on Wealthy Clients

Presented by

David Lesperance

About this talk

Both Hillary Clinton and Donald Trump have promised to get rid of the “carried interest” taxation that benefits many wealthy individuals. This provides favorable treatment of long-term capital gains compensation for certain categories of business owners, partners and executives. Should this occur, this compensation will be taxed at normal income rates, which are double the normal long-term capital gains tax rates. Advisors whose high net worth clients are facing this risk need to create a backup plan to reduce their clients’ current tax obligations without sacrificing their quality of life. In this webinar, David will review the elements of such backup plans and outline the specific steps needed to prepare for the possible elimination of the carried interest treatment. Advisors will learn: •How carried interest works; •How to identify clients who could be affected by its elimination; •The elements of a viable backup plan; and •How to discuss and mitigate the “hard” and “soft” issues that serve as motivating factors in triggering a backup plan. David will answer attendees’ questions during the webinar and will be available to continue the discussion on APViewpoint. The CFP Board has accepted this program for 1 hour of CE credit towards the CFP® certification. In addition, IMCA has accepted this program for 1 hour of CE credit towards the CIMA®, CIMC® and CPWA® certifications. If you provide the required information during the webinar registration process and stay for the entire session we can report your attendance to these organizations.

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