A family-owned business stands to lose 55% of all its assets when it passes from one generation to the next. This is due to the federal 'death tax' that is applied to a portion of estates...more
How does your client want to set up their IRA? Do they want to leave it to their spouse upon their passing? Or maybe their children? How about a combination of both? Learn about the fixed life expectancy, recalculated and charitable remainder trust methods and which may be best for your client...more
In part due to the more than nine years of US stock market gains coupled with the fact that the economy is in the midst of its longest running expansion ever, the growth of millionaires is creating a new class of Americans who need to be concerned with estate taxes and the infamous 'Death Tax'...more
A qualified personal residence trust is effective when your client does not want their home or vacation home considered part of their estate. This helps them to depreciate the value of their estate, therefore helping to lessen the estate taxes their heirs will be hit with. But is this right for them?
An IRA can be stretched out over the lifetime of several beneficiaries, therefore helping out the IRA owner?s spouse as well as the children and the grandchildren. How does this ?stretch? IRA work?
A common reason for setting up an estate plan is to save your client money on tax liability when his estate is passed on to his recipients. Find out how you can help them to fix that problem.