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 »
While we may or may not agree with President Donald Trump’s policies, the recent tax reform does allow for an increase of wealth transfer to the next generation for the next 8 years. The estate tax exemption limit has increased from around $5 million to about $11.2 million (the IRS website notes that the adjustment… Read more »
By now, you have heard that the estate tax exemption doubled from about $5 million per individual ($10 million or so per couple) in 2017 to $11.2 million per individual in 2018, and now $11.4 million in 2019 (or $22.8 million per couple). Time to get rid of the all the plans you have to… Read more »
It’s never too late to start making better choices. Each New Year offers an opportunity for a bit of healthy introspection, a chance to do something differently. Here is why creating a Family Legacy Trust should be at the top of the New Year’s Resolution list this year: New tax reform laws effective as of… Read more »
“Despite their wealth and business savvy, more than one-third of high-net-worth families have not taken the most basic steps to protect and provide for their loved ones when they die,” CNBC.com cites a 2015 millionaire survey. Don’t Get Overwhelmed You’re not alone if the words ‘estate planning’ make you feel like a deer in the… Read more »
Let’s face it, even with the new tax laws in place, insurance policies are the most tax efficient ways to generate wealth and transfer it to the next generation. Savvy advisors and investors know that well-managed assets should include a strategic use of life insurance, along with other investment vehicles. An Investor’s Secret Weapon Just… Read more »
You can’t help but catch your breath a little as you gaze into the eyes of your first grandchild, baby Ava. You hold her closely, feeling the warm bundle settle in your arms, and you gently kiss the top of her delicate, sweet face. You want nothing more than for her to be happy and… Read more »
