Sentences with phrase «estate planning goals»
The overall tax situation AND estate planning goals of each party are usually the primary considerations.
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Thus, this type may NOT be as ideal for many estate planning goals.
A legacy gift is an excellent way to achieve your personal financial and estate planning goals as well as your philanthropic objectives.
Your individual estate planning goals are unique to you, and your estate planning needs may be simple or complex.
The overall tax situation AND estate planning goals of each party are usually the primary considerations.
Thus, this type may NOT be as ideal for many estate planning goals.
However, there is another important part of the estate planning process that concerns the role of life insurance for estate planning which uses the right life insurance coverage to accomplish specifically identified estate planning goals.
In this article we will discuss life insurance for estate planning, by going over a simple summary of the estate planning process, followed by the various ways life insurance is used in this process AND, finally, wrapping up with some recommendations for the major types of life insurance policies that are suited for various estate planning goals.
However, an estate planning attorney brings professional expertise and can help consider whether avoiding probate is appropriate for you, and if so, which techniques are appropriate in light of your greater estate planning goals.
Beneficiaries must understand the overall estate planning goals and not withdraw their gifts for this approach to be fully effective.
Planned giving helps you meet your personal, financial and estate planning goals by making a current or future gift to Best Friends.
Mr. Lumpau helps clients achieve their most important estate planning goals and resolve their most complicated tax issues.
However, there is another important part of the estate planning process that concerns the role of life insurance for estate planning which uses the right life insurance coverage to accomplish specifically identified estate planning goals.
In this article we will discuss life insurance for estate planning, by going over a simple summary of the estate planning process, followed by the various ways life insurance is used in this process AND, finally, wrapping up with some recommendations for the major types of life insurance policies that are suited for various estate planning goals.
Gift Arrangements >> A legacy gift is an excellent way to achieve your personal financial and estate planning goals as well as your philanthropic objectives.
InnoVision is a full - featured, flexible universal life insurance contract you can customize to fit your current and future priorities, as well as your tax, wealth accumulation and estate planning goals.
The owner of the account has the ability to setup the distribution in a manner that best suits his or her tax, investment and estate planning goals.
Therefore, your estate planning goal does not only include tax minimization, but also encompasses estate preservation.
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.
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.
Knowing what type of life insurance policy to use depends on your estate planning goals.
Many of the estate planning goals do not require a benefit to be paid on each death.
These contracts can also specify the title owner in different ways depending upon your estate planning goals.
Gifting to an irrevocable life insurance trust has been particularly effective because gifted proceeds are used to purchase life insurance to further the estate planning goals and utilizing financial leverage with the gift.
Right of Survivorship Because of the right of survivorship, a joint tenancy can meet the estate planning goals of simplifying the administration of an estate, minimizing probate fees and ensuring that property passes to the intended person.
Liz provides a wide array of estate planning, fiduciary litigation, tax planning and private wealth services to clients who are seeking to strategically manage their wealth in a way that allows them achieve their estate planning goals and objectives and to do so as tax efficiently as possible.
Gifting to an irrevocable life insurance trust has been particularly effective because gifted proceeds are used to purchase life insurance to further the estate planning goals and utilizing financial leverage with the gift.
BSLI Fortune Elite Plan is a non-participating unit linked life insurance plan that helps accumulate your wealth, so you can fulfill your financial and estate planning goals.
PROFESSIONAL EXPERIENCE Captive Insurance Agent — New York Life, Great Plains, SD 2007 to Present Provide exemplary customer - centric service and support counseling clients on specific long term insurance options, estate planning goals, and IRA planning and implementation initiatives.