Sentences with phrase «consider estate planning»

Even if your estate is worth less than $ 10.98 million and you're married, you may want to consider estate planning with life insurance.

Clients need to consider Estate Planning, Medicaid (Title XIX) Planning, tax planning and continuum of care planning when it comes to their living arrangements.

If you do have a larger estate, it is also important to consider estate planning that limits your estate tax exposure and this can be accomplished through spousal and generational planning, irrevocable trust planning, and charitable planning, with the assistance of a qualified expert.

All that said, I think you also need to consider your estate planning objectives.

The 2015 federal budget wasn't very enticing, but it did offer a couple of tax and saving incentives for those considering estate planning using real estate or looking to stay in their home a bit longer.

Then it is time to start considering estate planning.

Spouses who are facing divorce or marital separation might wish to consider their estate plans.

If you are considering estate planning to take care of your assets and divide them properly between your loved ones, experienced family lawyers like Family Lawyers Perth will tell you to write down the information they need before you make an appointment with them.

Not exact matches

Personal property is something that people often fail to consider when drawing up wills and other estate planning documents, attorney John J. Scroggin told an audience of financial planners last week at the FPA Be conference in Nashville.

There were so many times I considered going into real estate or law school, or having a fallback plan, even today.

If you have postponed or dismissed the need for estate planning, consider the tax consequences for unsheltered bequests.

Just consider the financial risks entrepreneurs run, for example, if they give company stock to their children as part of a long - term estate - planning strategy — only to have the IRS step in years later and challenge the claimed taxable value of the gifts.

Actions that are considered Centennial Planned Gifts include making estate plans through a will or a living trust; creating a charitable remainder trust and naming the Business School as the remainder beneficiary; entering into a charitable gift annuity agreement with the School; naming Columbia as the beneficiary of a life insurance policy or retirement plan; or establishing a donor - advised fund at Columbia.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

«Once money is in a 529 plan, it's not considered part of the estate,» Nelligan notes.

Working closely with tax and estate planning professionals will help you create a plan that is right for you, complies with federal and state laws, and fully considers income, estate and gift - tax consequences.

Life insurance and your estate plan Consider a strategy that aims to provide flexibility and manage taxes.

In many cases, a Roth IRA has legacy and estate planning benefits, but you need to consider the pros and cons — which can be subtle and complex.

But the very simplicity of borrowing against your 401 (k) plan covers up some hidden dangers that you need to be aware of if you're considering taking out a 401 (k) loan — even for a down payment on real estate.

Please consider making a lasting effect on generations to come: Include Children Awaiting Parent (CAP)'s waiting youth in your estate planning.

If you are considering including a charitable bequest in your estate plan, the following language may be helpful to you and your attorney.

«Smart planning for the future requires us to consider all options, including real estate that does not yet exist.»

«We disagree with the mayor's proposed housing plan, which we consider a step backwards, extending tax breaks for big developers by a decade and riddled with sweetheart provisions for the real estate industry at the expense of the city's taxpayers and workers,» Melissa DeRosa, a spokeswoman for Cuomo, said in a statement Saturday.

If you haven't considered these questions before and haven't taken steps to plan for bequeathing your assets you may need to work with an estate planning attorney.

An estate plan can consider extra items not covered by wills.

Some debts are considered to be good like a mortgage to purchase real estate, a credit line to start a business, a student loan to fund a college education but that is if there are solid plans in place on how it will be repaid and if the interests are low enough.

Although there may still be other reasons to use a CST, you might consider reviewing your estate planning documents with your attorney to determine whether allowing more flexibility in the funding of a CST, or the use of portability, is appropriate in your current situation.

As part of a comprehensive estate plan, you might consider a permanent life policy with a death benefit designed to offset all or part of your final expenses, including the final tax bill.

I'd be inclined to consider your next steps based on when you might need to access your savings, your tax profile, your family situation, your estate plan and your risk tolerance.

Wealthy immigrants might want to consider talking to a Canadian accountant who specializes in estate planning and immigration.

For estate - planning purposes, the advantage of paying directly is that it is not considered a gift.

Funds contributed to a 529 plan are considered to be a completed gift to the beneficiary for US gift and estate tax purposes.

So, it is important to consider the withdrawal of cash value as part of your financial and estate planning strategy.

However, for long term estate tax planning for liquidity, a guaranteed universal life policy should be considered as minimum protection due to the rising cost of term insurance over a lifetime.

For additional information about how to avoid probate or estate planning in general, consider the following books:

If your plan is to generate profit from a physical real estate, you might want to consider rentals and real estate trading.

However, if you already have a healthy emergency fund, have maxed out your IRA and 401 (k), and are looking for new tax - advantaged accounts for retirement or estate planning, whole life insurance should certainly be considered.

Estate planning is important, as mentioned, and this has to be considered with RRSPs, among other things.

If, after consulting with a legal, financial, real estate and accounting professional you believe that interest rates will remain where they are within the time frame that you plan to pay back your loan to your bank, then you may safely consider a variable rate refinance.

While the two main reasons that investors typically consider converting to a Roth IRA are to achieve a greater ending portfolio value or to capture estate planning benefits, there are a few additional potential benefits as well.

I'd consider this in conjunction with your estate plans, which might include what's called a «Henson Trust.»

Depending on your family situation and your estate planning goals, using funds from your cash account to make gifts to your kids or grandkids, fund RESP contributions or establish a family trust may be worthwhile strategies to consider.

Investments, taxes and estate planning should all be considered.

That being said, it still makes sense to carefully consider how any reduction in assets for your heirs caused by a loan would affect your estate planning before taking out a loan.

So, for maximum investment control with tax savings AND estate planning, you might consider private placement life insurance.

I wonder if one thing to consider in the switch from mutual funds to exchange traded funds (and index fund like TD eFunds) is that mutual funds are often sold as part of a financial planning package that includes tax, retirement, estate, children's education, etc planning.

If you are considering using investment bonds for estate planning, seek professional legal advice first.

Since using a joint last - to - die life insurance policy can accomplish all the estate planning goals listed above, it's safe to say that it is a better option than purchasing two separate individual policies, especially considering the difference in cost.

One estate planning strategy that families with closely held businesses could consider is the family ltd partnership.

If you haven't taken steps already, consider planning now for the distribution of your estate's assets.