Sentences with phrase «effective estate planning tool»

It is often an effective estate planning tool but must be used with caution to avoid unexpected tax implications.

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

Not exact matches

For people who plan ahead and make annual gifts during their lifetime to children and grandchildren, this can be an effective tool in reducing the size and tax bills of future estates.

When done right, prenuptial agreements are effective tools for advancing the goals of estate planning and tax avoidance for married couples.

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.

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.

Survivorship policies are effective tools often used by wealthy individuals in estate planning.

The bottom line is that survivorship policies might indeed be an effective estate - planning tool, but might not be enough for all couples who feel they need to add individual coverage for the second - to - die or surviving policyholder.