Sentences with phrase «doing estate planning»

These areas involve splitting the assets in a divorce, doing estate planning and taxation related issues.

This can make sense for someone doing estate planning, or can pay up the whole policy up front to reap the benefits of the interest earned on premium sooner rather than later.

Any money in the cash value account is considered a liquid asset for business purposes, but may also be a personal asset when doing estate planning.

If set up properly, this removes any ownership from the insured (who is doing the estate planning).

Still, it is worthwhile for high net - worth individuals and business owners to be aware, and take precautionary measures to ensure their intent is fulfilled when doing their estate planning.

«It is something to think about when you are doing your estate planning: who's going to be left to deal with these issues when you pass away,» said Anderson a partner with Bales Beall LLP whose practice covers all aspects of litigation involving wills, estates, and guardianship matters.

Sweet, in a way, that if I were still doing estate planning, I would buy this in a second.

We don't advise doing estate planning on your own.

Then, I survey lawyer throughout the country who are doing estate planning.

I'm a little skeptical, because you say, even if lawyers have never considered it before, they should be doing estate planning, so why?

Alexis Neely: The big mistakes that most estate planning lawyers are making is that they are doing estate planning the way that we were taught in law school, which is forms and documents.

Or, where you meet with the children of an elderly couple in the course of doing estate planning work.

I think some of the mistakes that people have by approaching those firms, and saying «Hey, you have to market your way in this way, or that,» they could have a very busy practice doing estate planning, some real estate work, some family law, you name it, and they're doing a very nice job of that.

For example: Does your estate plan meet your needs?

Let's eliminate the «move to die tax» were people literally leave our state, move to another state to do estate planning.

As an estate planning attorney, I find that no one likes to do their estate planning because they don't like the idea of thinking about death.

Like for example, maybe you decide to do some estate planning and you put a big asset in a charitable remainder trust, which means when you pass away goes to charity.

Kim did some estate planning with her mother to avoid capital gains tax and probate fees.

If you do estate planning, write about celebrities» wills.

If you want to do estate planning, for example, you need to be the one that a financial planner thinks of when they suggest a client do a will or an attorney thinks of when they have a conflict or would rather spend their time in the courtroom.

Though as someone who does estate planning as you might imagine, a lot of that software is still pretty proprietary PC base, so although I do have a Mac Mini in my office that's my primary workstation, I'm also running Windows in parallels which is a virtualization software because when I actually have to draft, I'm drafting in a PC application on that virtualized PC.

Though, as someone who does estate planning, as you might imagine, a lot of that software is still pretty proprietary PC based.

Shameless plug, if you're savvy or have a simple estate, it's easy to do your estate planning on Rocket Lawyer.

In my twenty years of experience as a lawyer who does estate planning as part of his practice and teaches lawyers, financial planners and paralegals about the topic, I find that the increased litigation costs associated with a do it yourself will (on average) is about ten times as large as the savings associated with doing it yourself.

I did this a few years ago when I thought I wanted to do estate planning.

If you do estate planning work, go to meetups with new parents.

We decided send a mailing out to 25 former clients for whom he had done an estate plan at least 2 years ago offering to review their plan to see if changes were needed.

Any individual doing estates planning should consult with their own independent advisor that understands their particular legal and tax circumstances.

People don't do their estate planning because of words like «probate assets.»

But what does an estate planning attorney do and what are the benefits?

They can explain how a Second - to - Die insurance policy is a cost - effective way for spouses to do estate planning, providing benefits to their heirs only after the last surviving person on the policy dies.

«I would talk to an attorney to do some estate planning,» he said, noting that in many states property goes to the spouse in the event of death, often causing stepchildren to lose family heirlooms.

Even if you haven't done any estate planning but own real estate or other titled assets with your spouse, be sure to check the deed or other title documents.

I think a better question has more to do with the triggers that people who have done some estate planning respond to.

Not exact matches

In addition to portfolio management, does your advisor also offer services such as wealth planning, insurance services, tax planning, estate planning and risk management?

«If you don't create an estate plan, you're letting the courts decide how to divide your assets, which may not reflect your wishes, particularly if you have children or specific distribution desires,» Clapp said.

Frye agreed, explaining that this should be done with all estate - planning documents.

Robo - advisors use the same software as traditional advisors, but usually only offer portfolio management and do not get involved in more personal aspects of wealth management, such as taxes and retirement or estate planning.

«If you don't create an estate plan, you're letting the courts decide how to divide your assets, which may not reflect your wishes.»

If you wish to ensure that your estate does not fall prey to predators, creditors or taxes, keep reading to be sure you're not committing the five cardinal sins of estate planning.

Is your estate plan something you tinker with frequently, or did you set it some time ago and mostly leave it alone?

The tax differences between Roth IRAs and their traditional counterparts can also make them an attractive estate planning tool, which is why Ryan Payne of Payne Capital Management in New York advises clients to do a Roth conversion if they want the money to go to their heirs.

More from Retire Well: When working into retirement can cost you How to start thinking about an estate plan Don't let surprise medical bills drain your retirement

Among other questions, which dovetail with one's own afterlife estate plans, businesses that cater to customers throughout their lives, might also wonder: How do you manage their presence after they're gone?

«I hear all kinds of excuses from business owners who don't want to get involved in estate planning,» confides Joshua Rubenstein, a partner in the estate and trust department of New York City law firm Rosenman & Colin.

Does it pay to make your major estate - planning decisions before or after you sell out?

But it doesn't take a financial wizard to figure out that the family's all - encompassing trust in the frothy Toronto real estate market may be leading them to a steep fall if any part of their plan falters.

Do you just want coverage, or a supplement to your investment portfolio and estate planning?

Robo - advisors use the same software as traditional advisors based on Modern Portfolio Theory, but usually only offer portfolio management and do not get involved in more personal aspects of wealth management, such as taxes and retirement or estate planning.

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.