Insight on business, estate planning, finance, life insurance and tax-free retirement.
Thursday November 17, 2011
I wanted to re-post this article that I received from Roccy DeFrancesco earlier this week. This article (written by Jim Duggan) does a great job explaining where the estate tax debates are currently and who is (or is not) responsible for changes with the current creation of the Super Committee.
Roccy DeFrancesco, JD, CWPP™, CAPP™, or CMP™
Founder, The Wealth Preservation Institute
269-216-9978
The Super Committee's Not-so-Super...
Posted in Estate Planning , Estate taxes | Make a Comment
Monday January 10, 2011
"Put not your trust in money, but put your money in trust." Oliver Wendell Holmes
The Revocable Living Trust has been in existence in the United States for well over 200 years (Patrick Henry is said to have drafted the first). Until recent years they have been reserved for the wealthy: the Rockefellers, the Kennedys, the Astors. Even former President George W. Bush has been quoted saying his assets are in a trust. As a method of estate planning, the living trust is...
Posted in Estate Planning , Legal Planning , Living Trust | Make a Comment
Wednesday January 5, 2011
What is the longest distance between two points? In my experience, it's typically a shortcut.
Our society has created a culture that allows instant access to any and all the information we desire. We are self-diagnosing our own medical conditions without going to the doctor, buying life insurance on-line without an agent's advice, preparing our own trust, building our own websites and the list goes on an on. The old cliche, "you get what you pay for" has apparently escaped the minds...
Posted in Business , Estate Planning , Financial Myths , Investing , Legal Planning , Life Insurance , Retirement | Make a Comment
Wednesday November 17, 2010
Often I am asked about the differences between Trust in regards to estate planning. Below I have covered the four most common types of trust.
This trust is for married couples with estates of such size that estate tax avoidance is not the primary goal and the need for more than one credit is not necessary. In the Marital Trust, you do not reap some of the benefits of the A/B/C Trust. This type of trust is appropriate for smaller estates because there are...
Posted in A/B Trust , Estate Planning , Individual Living Trust , Irrevocable Insurance Trust , Legal Planning , Living Trust , Marital Living Trust | Make a Comment
Monday January 11, 2010
“Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt,” observed William Cobbett on 1804.
Sadly, history repeats itself today. Our national debt is too high and will have to be repaid by either raising taxes, cutting benefits, or printing money. Current retirement plans are failing and not suitable for most individuals, and while market returns have proven themselves worthy in some past...
Posted in Equity Indexed UL , Estate Planning , Financial Strategies , Retirement , Taxes | Make a Comment
Thursday February 5, 2009
Estate planning is the process of accumulation and distribution of an estate to fully encompass the objectives of the estate owner. If you hear the term "estate planning" and believe it is only for the super wealthy, you may be surprised to learn most people have a need for a properly designed estate plan, they just do not know the right questions to ask to get the ball rolling. What everyone does know is the end result they are after. They know what possessions they want to distribute,...
Posted in Estate Planning , Life Insurance | Make a Comment (1)