Protecting Your Assets with a Trust

Protecting Your Assets with a Trust

KEY POINTS Why trusts 25 years ago are not the same as trusts today. Set up trusts for your kids, and specify exactly how they can use the money. Use trusts to protect your kid’s inheritance from creditors and the estate tax in the long run. The idea of creating...
A Most Excellent Estate Planning Adventure

A Most Excellent Estate Planning Adventure

Estate planning isn’t at the top of most party conversation topic lists, but maybe it should be. It is actually a topic that gets easier to think about when you feel free to let discussions spin a little. And a friend who is a financial planner says it’s best to start...
Don’t Own Life Insurance on Yourself

Don’t Own Life Insurance on Yourself

Most people put “buy more life insurance” on the very bottom of the things that excite me list. But if you’ve realized that life insurance is often the most cost effective answer to several very important problems, you have probably also heard talk of an irrevocable...
The “Other” Taxes You Should Know About

The “Other” Taxes You Should Know About

At this time of year, you can’t help but think about income taxes, but there are a few other taxes that you should know a little about. The Estate Tax The US tax system imposes an estate tax when a taxpayer dies. Every taxpayer has a credit against the estate tax that...
Estate Planning Isn’t JUST About Taxes.

Estate Planning Isn’t JUST About Taxes.

It’s a very common sentiment. You need an estate (as in Downton Abbey) before you need an estate plan. People with a lot of money can achieve nearly unbelievable tax savings with the right kind of plan, but that’s estate TAX planning. Plain old “estate planning” is...


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