Sentences with phrase «estate planning because»

This means you can not buy term life insurance for estate planning because term life insurance does not provide permanent coverage.

Special needs or pre-Medicaid estate planning is a complex area of estate planning because beneficiaries may be disqualified from public benefits due to improper planning around an estate distribution.

Participating contracts are vital to understand for estate planning because of the long term benefits of growth with dividends.

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

I find most of them have their guy, their attorney that they send most of their estate planning because they trust them, they build a good plan.

However, for the those who have put off estate planning because they don't have a lawyer (17 percent) or think it costs too much (14 percent), Rocket Lawyer can solve both issues by offering free Will creation and access to qualified attorneys at significantly discounted prices though the On Call ® network.

Betsy Stotler: Basically, it's usually too late for estate planning because they're already in the facility and they usually have a bill by the time we get the case.

Life insurance works well for estate planning because of when benefits are paid and the ability to create wealth for heirs outside of the estate.

Special needs or pre-Medicaid estate planning is a complex area of estate planning because beneficiaries may be disqualified from public benefits due to improper planning around an estate distribution.

* Individuals put off estate planning because they think they don't have enough assets.

Now, as I mentioned to you, we've had Helen Sedwick on the show before talking about copyright and some of these things, but today we wanted to talk about estate planning because I saw an article that you wrote and it's something I'm really into.

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.

Maybe you haven't started your Estate Plan because it just seems too overwhelming.

Not exact matches

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.

We plan to keep investing in real estate throughout the Seattle area simply because we believe it will become the next San Francisco (most of the major silicon valley tech companies are opening satellite offices here, and a lot of the larger tech companies are hiring like crazy).

It's critical for financial planners and investment advisors to work closely with their clients» estate planning experts, because they're able to spot problems early, while there is still time to fix them.

My net worth will be higher than my magic number, because I plan to own real estate, and online ventures that will provide additional income for retirement.

She told me her husband is a sinner because he didn't plan for retirement, (which she knew for decades, and blew every inheritance she's received from her parents estate on herself or her kids, and keeps her finances separate from her husband).

Obama plans to raise the Income tax, Payroll tax, Capital Gains Taxes, Estate Taxes — Don't bother saving any money for yourself or your children because Obama plans to tax it all.

We have wineries and breweries planned out, a trip to visit the stunning Biltmore Estate and, of course, a fun ugly sweater party because December means it's officially Christmas!

The reality is, a lot of people get freaked out thinking about stuff like estate planning and life insurance because it's related to death.

Shettima, who also said he can not but praise Tinubu for finding time to come over to Maiduguri on a two - day visit during which he inaugurated 432 houses, 13 primary and junior secondary schools and a fully furnished estate with 26 apartments of five sets of three - storey buildings for medical doctors, recalled that he succeeded in taking control of the Borno APC in 2015 largely because Tinubu refused to support the game plan of a wealthy tyrant.

Shettima who succeeded in taking control of the Borno APC in 2015, said he did so because Tinubu refused to support the game plan of a wealthy tyrant that fought hard to seize the Borno APC as his personal estate.

In a statement, Brewer said, «This is the real estate business in New York: there's intense pressure to find and exploit loopholes to build huge ultraluxury buildings... That's what's happening in Two Bridges, where massive out - of - scale towers could move forward because of a staff - level determination that they are only a «minor modification'to the neighborhood's plan.

For his students» East New York project, Ramos - Fermin started out by giving them a primer on real estate and urban planning, because the neighborhood they're investigating is undergoing rapid redevelopment.

With my previous book, Estate Planning Smarts: A Practical, User - Friendly, Action - Oriented Guide, I turned down offers from two big publishers because I wasn't happy with the money they offered.

Investing in the real estate market can be one of the components of your retirement plan because you are your best judge.

And Joe, that is so important because sometimes people name, let's say their parents, years ago and they're now passed away, or they named a spouse, and they've gotten divorced, and they think that they got all this estate planning then they got the trust that says everything goes to their current spouse and kids, whatever.

Because of my father's rigidity in this area, I am sure that my family has missed out on valuable chances to learn from one another as well as about worthwhile estate planning opportunities.

«In fact, there may be diseconomies of scale for larger public pension plans because of the complexity of implementing their investment strategies, which include contracting out for external experts — a practice that has become increasingly popular, with plans investing more in non-traditional assets such as real estate, infrastructure, and private equity,» said the report.

Any decision should be part of a larger financial plan — and no philosophy or scheme should be followed simply because it sounds good (for more on those dangers, read my column: The true secrets of real estate seminars).

Draw up a will You may think that because you don't have a spouse or kids, you don't need an estate plan.

ILITs are used for estate tax planning because money can be «gifted» by parents and grandparents into the trust, thereby moving money out of the estate and reducing its taxable exposure.

Your prior estate planning may have emphasized federal estate tax savings because of the much lower applicable exclusion amount and traditionally higher federal estate tax rates.

Even if an ILIT isn't being used as part of the estate plan, perhaps because there are no children or grandchildren, second to die life insurance is a good way to handle the burden of federal estate taxes.

Because building a good long - term portfolio is just part of the job — the other part, as I've said, includes bringing together experts in insurance, income tax, estate planning and retirement so the complete financial picture is visible and these individual experts can bring their expertise to help grow and protect your money in all stages of your life.

All too often it seems that estate planning becomes the deterrent to annuities because the annuitized money dies with you.

Because the federal estate tax imposes a lump sum obligation upon by the estate that is payable within 9 months of the date of death, a huge estate planning objective has been to avoid it at all costs.

Estate Planning — As you can imagine, life insurance is now heavily involved with the estate planning process because it provides a source of liquidity in the form of cold hard cash after yoEstate Planning — As you can imagine, life insurance is now heavily involved with the estate planning process because it provides a source of liquidity in the form of cold hard cash after Planning — As you can imagine, life insurance is now heavily involved with the estate planning process because it provides a source of liquidity in the form of cold hard cash after yoestate planning process because it provides a source of liquidity in the form of cold hard cash after planning process because it provides a source of liquidity in the form of cold hard cash after you die.

While you might want to use a more traditional professional for estate planning and more complex situations, for many people robo - advisors work well because they offer a level of customization at an affordable rate.

A stand alone special needs trust can also be advantageous if the trustmaker has a large estate requiring federal estate tax planning because assets can be «gifted» to the special needs trust in the same manner as often used for an irrevocable life insurance trust.

Seniors should not confuse the term Beneficiary (familiar because of RRSP and RRIF beneficiary designations) with the key TFSA term, Successor Holder, says Sandy Cardy, a former Senior VP of tax and estate planning for Mackenzie Investments.

Tax and estate planning expert Sandy Cardy warns you should not transfer - in - kind any securities that are underwater: because of specific rules in the Income Tax Act, your capital losses will be denied: to get around this, first sell them while they are still non-registered (so the losses can offset capital gains elsewhere), THEN transfer the freed - up cash into the TFSA.

A charitable lead trust (CLT) designates a rate of return or income to be paid to the charity over a specified time period and is more commonly used for estate tax planning because the balance of the estate assets will pass to beneficiaries free of estate taxes upon expiration of that time period.

I did not invest any more into this fund yet simply because of our current exposure to the residential real estate market but plan on increasing this allocation gradually.

Another aspect of spousal planning is federal estate tax planning; however, its separated here because a living trust can also be a kind of «conductor» for assets as needed to minimize estate taxes for unmarried people.

Because the Roth 401k is an after - tax benefit, it becomes an excellent tool for estate planning.

Charitable donations offer tax benefits NOT ONLY because they are income tax deductible but also because they reduce the size of the donor's estate, which is an added benefit for federal estate tax planning.

You want to use it for estate planning purposes because you're set to owe federal or state estate taxes on your assets

In most cases, spousal beneficiaries are ideal, because they have several options that aren't available to other beneficiaries, including the marital deduction for the federal estate tax and the ability to transfer plan assets — in most cases — into a rollover IRA.