The Importance of Equitable Estate Planning

Have you considered the factors that may promote inequality in wealth transfer? Provided by: Tony Rodriguez   Suzanne is widowed and has four adult children. Her investment portfolio is worth $1 million, and she owns a bed-and-breakfast inn worth $1 million as well. Can she conveniently and equally bequeath these assets to her kids to [...]

By |2018-01-12T16:52:27+00:00January 12th, 2018|Estate Planning|0 Comments

Estate Planning: Be the Banker with Intra-family Loans

If you are an investor frustrated by our low interest rate environment cloud, do not fret; there is a silver lining. It’s a great time to consider intra-family loans as a way to transfer wealth without triggering gift taxes. You can truly make a difference in the lives of future generations with this estate planning [...]

Choosing a Personal Representative

When your clients are drafting their will, an important decision will be made – choosing a Personal Representative (executor) to settle the estate.   It’s essential to ensure the Personal Representative is both capable and comfortable fulfilling the role. Personal Representative Duties: Your Personal Representative (or PR) will wear many different hats during the estate settlement [...]

By |2016-11-11T18:04:05+00:00October 3rd, 2016|Estate Planning, Uncategorized|0 Comments

Estate Planning Techniques

Providing for Your Children — With Strings Attached As a parent, you may have concerns about your children’s ability to handle the assets they will someday inherit from you. Perhaps you feel that your children lack the financial maturity to manage and protect a sizable inheritance. Or, maybe you’re worried that sudden wealth could have [...]

By |2016-11-11T18:04:06+00:00October 3rd, 2016|Estate Planning, Uncategorized|0 Comments

Choosing a Trustee

One of the most important decisions your clients will make when establishing a trust is the selection of a trustee. A trustee is responsible for distributing income and principal to the beneficiaries of the trust according to the terms specified by your client (the grantor) in the trust agreement. Responsibilities of a Trustee The trust [...]

By |2016-11-11T18:04:10+00:00October 3rd, 2016|Estate Planning, Uncategorized|0 Comments

Estate Planning Techniques

Utilize the Exemption of Only One Spouse. Married couples may use their combined gift tax exemption either by both making taxable gifts or by having the non-donor spouse agree to "split" the gift for reporting purposes. A married couple uncomfortable with making current gifts of the full $10,900,000 and have not previously made taxable [...]

By |2016-11-11T18:04:15+00:00October 3rd, 2016|Estate Planning, Uncategorized|0 Comments

Estate Planning Techniques

Advanced Medical Directives At some point in your life, you may become incompetent; that is, lacking the mental capacity to make or communicate responsible health-care decisions for yourself. Without directions to the contrary, family members—and medical professionals—may be compelled to make every effort to save and sustain your life—against your wishes. What are advanced [...]

By |2016-11-11T18:04:18+00:00October 3rd, 2016|Estate Planning, Uncategorized|0 Comments

Charitable Remainder Trust — Another Way To Donate

Donating appreciated assets outright is only one strategy available for obtaining a charitable deduction and avoiding capital gains tax. Another strategy worth considering is the transfer of assets into a charitable remainder trust (CRT). A CRT can provide your client with a lifetime of income and tax benefits. You can also convert low cost basis [...]

By |2016-11-11T18:04:19+00:00October 3rd, 2016|Charitable Giving, Uncategorized|0 Comments