Sentences with phrase «asset protection purposes»

I was encouraged by that podcast and was intending to go ahead with my transfer for asset protection purposes.

If you're thinking about buying an investment property, make sure you begin the process by having a meeting with your accountant to discuss your intentions, create a wealth management plan and establish the appropriate structures and entities to purchase your investment for tax planning and asset protection purposes.

Generally, for tax and asset protection purposes, it is better strategy to have the ILIT purchase the life insurance rather than transferring an existing policy to it.

Assets must be put in a separate trust for the employee's benefit and this means they are not general assets of the corporation for asset protection purposes.

Generally, for tax and asset protection purposes, it is better strategy to have the ILIT purchase the life insurance rather than transferring an existing policy to it.

Not exact matches

Canada, in contrast, for example, treats death as a deemed sale of capital assets to the inheritors under its income tax, which makes an inheritance tax somewhat less important for revenue protection purposes.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

Trusts can be used for a variety of purposes, including inheritance tax planning, protection of assets, and for charitable activities.

He acts for employers, trustees and members, including on restructuring of schemes, contingent asset arrangements (including for PPF purposes), dealing with the Pensions Regulator and the Pension Protection Fund, and with member complaints at scheme and Pensions Ombudsman levels, advising on pension aspects of corporate transactions and on overseas transfers.

Keep in mind that this isn't the total of all your assets — your house might be worth $ 600,000 but you don't really want your family to have to sell it, since that sort of defeats the purpose of providing them with financial protection — but liquid assets that can be easily used.

The Universal Life Insurance plans we offer have been designed to help meet the life insurance needs and financial goals of many clients - including individuals whose focus is on death benefit protection for estate planning, retirement, and asset preservation purposes.

The sole purpose of fire coverage is to provide protection for your belongings and assets in case of a fire.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

The primary purpose of the Asset Protection Agent is to ensure a safe secure and profitable store environment for Rite Aid associates and customers while upholding the core values and service attributes consistent with the Rite Aid brand and strategy...

Isn't the whole purpose of asset protection to keep John Doe from suing Wendy's for the frog leg found in a McDonald's food item?