Sentences with phrase «as estate planning tools»

«Permanent policies are best suited as estate planning tools for the very wealthy who are facing estate tax situations, or for sophisticated charitable intentions,» says certified financial planner Andy Tilp, president of Trillium Valley Financial Planning near Portland, Oregon.

These policies are often used as estate planning tools to help reduce the burden of estate taxesupon the second spouse's death.

If you are wealthy and wish to leave an inheritance to your heirs, or if you require a life insurance policy that can also function as an estate planning tool, a permanent policy may make more sense for you.

the money I put in the ROTH will go to the Kids who are in a higher tax bracket so I use the converted money as an estate planning tool.

Magna believes there is a tremendous opportunity to increase awareness, especially in light of the recent tax reform law increasing the federal estate tax exemption, which may eliminate the need for many policies purchased as an estate planning tool.

Magna believes there is a tremendous opportunity to increase awareness, especially in light of the recent tax reform law which raised the amount to be excluded from the federal estate tax, of policy owners who previously used insurance as an estate planning tool.

«With EstateWise ® Platinum, agents, banks and financial advisors can offer a dynamic life insurance product that doubles as an estate planning tool,» said Craig Simms, Senior Vice President and Chief Marketing Officer at Vantis Life.

Needs it helps meet: Whole life can be used as an estate planning tool to help preserve the wealth you plan to transfer to your beneficiaries.

Not exact matches

While your estate plan typically consists of legal documents, it can also serve as a communication tool that reflects your values and leaves a lasting legacy.

Maybe that means cash value life insurance to help protect your family's financial security and as an effective estate planning tool.

Acts as a forcing tool / mechanism towards the development of the real estate planning forces you to engage your thoughts on ways to start, mature, and even leave the cornerstone rehab enterprise without incurring a loss.

TFSAs «can be very useful estate planning tools,» says Matthew Williams, SVP, Head of Defined Contribution and Retirement at Franklin Templeton Investments Corp. «Seniors can take an increased withdrawal out of their RRIF, pay tax on it and as a consequence redirect that to their TFSAs, which will be left to their heirs tax free.»

Additionally, using a reverse mortgage as an estate and retirement planning tool is particularly advantageous — see Innovative Uses for a Reverse Mortgage for more information.

We offer this unique, flexible tool specifically for clients looking to plan for and protect long - term financial needs, such as wealth transfer and estate considerations.

Annuity buyouts as investments can as well be used as estate planning instruments for seniors, specifically those who don't like or are unable to sufficiently pay for complex planning tools and trusts.

Traditional estate planning vehicles, such as a bypass trust (credit shelter trust), may still be essential tools when one develops an estate plan.

Aaron Street: Yeah I mean I think this can be taken too far, so if you had an example like Brad where he only represents criminal defendants and therefore there's no risk of him having a conflict come through the site when he's getting actual information about actual cases, but you could see in a litigation, let's say a family law lawyer, if their website were trying to collect information to provide tools as both an intake and access to justice solution that you potentially run into tremendous conflicts of interest problems there and I think obviously any lawyer considering pursuing this for their firm should think through the implications of their particular situation, but I think what Brad's doing is awesome in the context of his criminal law practice and I think there are versions of a similar model that could be used in something like your debt collection defense practice or a small business startup practice or an estate planning practice, but that doesn't mean that it's a model that should be replicated by every lawyer in every practice.

It launched just over a year ago as a cloud - based tool for estate planning lawyers and their clients.

We help you use estate planning tools such as wills, enduring powers of attorney, personal directives, and trusts to structure what will happen with your estate and your personal care.

Looming changes to the Income Tax Act introduce a «whole new world» to the future of estate planning in Canada, calling into question the value of the use of trusts as a tool to achieve tax savings on investments.

While trusts may well continue to be used for estate planning, they are no longer so effective as a tax - savings tool for the wealthy when the changes come into effect Jan. 1.

Life insurance settlement providers and brokers tout the practice as an acceptable estate planning tool.

We offer this unique, flexible tool specifically for clients looking to plan for and protect long - term financial needs, such as wealth transfer and estate considerations.

Also commonly referred to as Joint Survivorship or Second - to - Die life insurance, this policy option can be an effective tool in meeting your clients» estate planning needs.

As you can see, because of the advanced nature of their life insurance products, they are not commonly used for basic coverage, but rather tools for asset accumulation, estate plans, and legacy.

Another way that life insurance can be used as a great estate planning tool is by naming your business partner as the primary beneficiary.

Life Pro + and Life Pro + Survivor are excellent tools for estate planning and business succession (such as funding a buy - sell agreement).

Whole life insurance has a cash value that can function as a savings tool that accumulates tax - deferred wealth over time.Whole life insurance is a great tool to use when planning an estate as it helps preserve your wealth when transferring to your beneficiaries.

When life insurance is used as a tool in estate planning, it is best to consult an attorney to determine which types of insurance offers the greatest tax advantages for your specific situation.

Farm Bureau's portfolio of products can be divided into two parts: insurance policies and financial tools to prepare you for the uncertainties in the future such as retirement and business or estate planning.

It serves as a great estate planning tool as it can be purchased by an irrevocable trust, with your heirs as the beneficiary and the insurance proceeds are kept out of the estate for tax purposes.

Some of the advantages of survivorship life insurance are cost, and as a useful tool in estate planning.

Financial Advisor / Consultant • Identified and developed leads of prospective clients of financial planning and investment services, focusing on generating sales to potential and existing clients as well as maintaining high - quality customer service, growing client base organically • Developed investment policy statements and strategy guidelines for individuals and corporations, utilizing portfolio theory and asset allocation techniques to manage risk and drive efficient return • Performed needs - based assessments to derive appropriate solutions for individual and corporate clients, generating genuine rapport and establishing productive relationships with clients, colleagues, and staff • Promote high - quality client service with extensive research and the quality presentation and communication of complicated market - and investment - related data • Utilized tools in estate planning, tax planning, investments, retirement, and asset protection to create financial plans and develop investment allocation strategies for high net worth clients

Estate planning attorneys can offer Collaborative Practice as another tool to mitigate or avoid post-death litigation.

Educational Resources The Credit Union also provides free and confidential financial counseling and education, in addition to literature, videos, tools and webinars, such as «7 Financial Habits of Highly Successful Real Estate Professionals» and «Your 2017 Business Plan.»