The recent tax reform has left some people wondering whether estate planning is still necessary. It is (we discuss this in detail here). If you die after 2026, the estate tax exemption goes back to 2017 limits (around $5 million or so). Above that, your children will see 40% of your wealth go to the federal… Read more »
If you’re thinking about estate planning, chances are you already own life insurance. If so, good job! Life insurance proceeds are generally not taxable, and you are taking steps to protect your wealth for future generations. But before you pat yourself on the back and go for another round of golf, you need to know… Read more »
What if you could make a significant difference for a cause that you really care about, without reducing your assets (or those of the next generation)? What if you could actually give money away and save money at the same time? Well, if you qualify for more permanent life insurance than you need, you can.… Read more »
What better way to show your love than to make sure that you have an estate plan that covers and protects your spouse, while at the same time maximizing wealth transfer to your children (and grandchildren)? Protection can come in the form of reducing the taxes that will be owed on your estate, or reducing… Read more »
When It is Time to Trash a Policy It was worthless. Well at least that is what Mr. Greene* said. He had obtained a life insurance policy as part of his compensation package while at his previous firm. The $5 million death benefit was meant to insure his salary (for his wife’s benefit), and the… Read more »
