Estate - Do You Owe Taxes On That Gift?

This article discusses gifts and if you will owe income taxes on them.

Estate - Will You Lose Your Home To Medicaid?

The largest financial risk that seniors face today is the potential of assisted living and nursing home costs to devour the nest egg that has taken a lifetime to build. Many will end up relying on Medicaid to pay these costs. If that's the case for you, chances are that Medicaid will come after your home when you die.

In Estate Planning – An Ounce of Prevention is Worth a Pound of Cure

In Estate Planning – An Ounce of Prevention is Worth a Pound of Cure

Financial Directive Powers - Real Property, Business, Medicaid, Taxes, Personal Property

How does the financial directive differs in powers from a power of attorney? Collection powers to forgive, request and sue for money. Real property and personal property powers to bargain- banking powers- file and prepare tax returns- family maintenance for customary standard of living- conduct business interests for principal- social security benefits like Medicaid or Medicare.

ILIT - The Irrevocable Life Insurance Trust

If you are contemplating buying life insurance to pay estimated future estate taxes, you will probably want to use an Irrevocable Life Insurance Trust. Here's why...

Offshore Annuity, Deferred Variable Annuity

An Offshore Annuity is an annuity that will gain interest at a rate determined by the investment portfolios, and either the owner or annuitant will be taxed at beginning of withdrawal period. Used in wealth preservation. Offshore Trust is usually owner of Offshore Annuity. Difference of Deferred Variable Annuity. Benefits of Offshore Annuity: flexibility, asset protection, tax advantages. On fraudulent transfer laws of Offshore Annuity and Offshore Trust. How to purchase an Offshore Annuity?

Spendthrift Trusts – Checks And Balances For Dysfunctional Beneficiaries

You want to pass on your hard earned assets BUT one of your heirs is an X-factor. Drugs, alcohol, gambling have entered their lives - you're not sure they can act responsibly - here's where the Spendthrift Trust comes in...

Fraudulent Conveyance, Civil Conspiracy, Uniform Fraudulent Transfer Act

What is Fraudulent Conveyance? What is Civil Conspiracy? What does the Uniform Fraudulent Transfer Act state? Example of Single Member LLC units as shares of ownership in public stocks. Asset protection is placing title of assets in another legal entity. List of common methods of holding assets by individuals and possible legal entities.

Living Will

a living will can make difficult medical decisions so you family does not have too.

Charitable Trust Funds

Charitable trust funds provide tax benefits as well as fund charities.

This Is Very Useful Information On Offshore Asset Protection Trusts

When you look into Offshore Asset Protection Trust you are likely to wonder what it is and why you might consider one. An Offshore Asset Protection Trust is a way for you to protect your Foreign Assets not on American Soil. Offshore Asset are where you have a Bank account in another, own property that is not on U.S. Soil or U.S. owned lands.

Revocable Trust vs Irrevocable Trusts

A Revocable Trust or living trust is a legal arrangement used in estate planning that provides for the management and distribution of your property when you die. This will be stated on a Declaration of trust or Trust agreement. The trustor transfers property to the trustee, who holds the property for the beneficiary.

Independent Retirement Account - Defined, What Are The Options?

What is an Independent Retirement Account (aka IRA)? What are the factors in an inherited IRA from a spouse and a non-spouse? What happens when there is more than one qualified beneficiary named in a distribution? What happens when a non-qualified beneficiary is named in a distribution of an IRA?

Six Tips On A Florida Living Trust - Sunshine Estate Planning

A living trust helps avoid the expense and delays of probate in Florida. It also allows you to hand over management of your assets to someone else if you become incapacitated.