Inheritance Tax Saving Wills - Not Just For The Very Rich!

Inheritance Tax is a subject which most people think of very infrequently if at all. The attitude is normally that it won't apply to me - it's just something for rich people to worry about - or that I'll be dead so it won't worry me anyway. The fact is people don't like thinking about death at all, let alone any financial consequences!

Trustee of a Trust

What is the trustee of a trust? What is the accountability of a trustee and the fiduciary relationship to the beneficiaries? How does the trustee relate to an irrevocable trust? What's a trust protector?

How to Invest When You Have No Money

A quick discussion of three easy ways to invest from $25 to $250 dollars.

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

Heirloom Antiques for the Comfort of Being Home

When you purchase a hand made or antique item today you are buying character and quality that adds to the beauty, comfort and gives you the feeling of being grounded, provides a conversation starter, and sense of being home. Leaving this item to your heirs becomes part of your legacy and intersects their history with yours, and provides a deeper connectedness and sense of home. Some advice on purchasing quality antique or art items that will add to your legacy.

Will Contest - What Is It? How Can You Protect A Will?

What is a Will Contest? Anna Nicole Smith, James Brown example in Will Contest. Valid objections to pursuing a Will Contest- testator never signed Will- Will did not meet statutory requirements- testator was under the influence when drafting Willl- testator lacked mental capacity. How to protect your Will? Attorney uses language to minimize ambiguity. Attorney used Non-contest Provision or Forfeiture Clause to Will which means beneficiary who chooses to contest Will loses any right to inheritance.

Financial Directive - Advanced Estate Tax Planning, Power of Attorney Issues

What is a financial directive? Financial directive is like power of attorney and is a legal financial instrument that empowers your Agent over all your financial matters and should be a part of advanced estate tax planning. The financial directive is enacted when you become disabled or incapacitated. Discusses limitations of agent as fiduciary with no general or limited power of appointment in the financial directive.

Charitable Gift Annuity - Immediate, Deferred, College, Flexible Annuity

What is a Charitable Gift Annuity? Different types of Charitable Gift Annuities or annuity options: Immediate Annuity begin receiving payments immediately following final contribution date, Deferred Annuity allows donor to predetermine future date of payments, College Annuity for child's college fund, Flexible Annuity allows annuitant to decide start date of payments. American Council on Gift Annuities (ACGA) sets uniform gift annuity rates for use by charitable organizations. Example of Chartible Gift Annuity.

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?

Why Most People's Beneficiaries Will Not Receive Benefits

Today I am going to talk a little about the problems I see with beneficiary selections on both IRAs and Life Insurance. First let's review exactly what a...

Single Member LLC- Charging Order, Creditor Claims, Pass-through

Single member LLC is not enough to protect the member from creditor claims. The Charging Order does not define the creditor as a substituted limited partner for tax purposes to protect the single member LLC. Fraudulent conveyance and Civil Conspiracy can be judged against the financial planner, lawyer or accountant. What is the Uniform Fraudulent Transfer Act.

Protect, Provide & Profit - A Family Limited Partnership

Wealth builders are finding that this entity allows them to pass on their estate's equity, retain control of the properties, reduce tax rates and protect the assets from lawsuits. Its called a Family Limited Partnership.

A Proactive Approach To An Exit Strategy Is The Only Approach To A Successful Exit Strategy

Today, there is a noticable lack of consistency in how Exit Strategy services are delivered to business owners. This inconsistency exists, even though succeeding a business is one of the most important and complex financial decisions that will be made in a business owners lifetime. In this article, John Leonetti, Esq., M.S. Finance, CM&AA discusses how a proactive approach to an Exit Strategy is the only approach to a successful Exit Strategy.