Sentences with phrase «estate planning purposes in»

Tip — Universal life policies can be especially useful for estate planning purposes in situations where you're expecting a large estate tax due at death.

Not exact matches

Joseph and Ted Burnett jointly head up Burnac Corp., a family - run firm that invests in real estate and grocery produce distribution, but in recent years they have been exiting these businesses and transitioning into bonds for their estate - planning purposes.

Transfers by holders of Class B common stock will generally result in those shares converting to Class A common stock, subject to limited exceptions, such as certain transfers effected for estate planning purposes.

Brookfield plans to create a new real estate investment trust under the ticker «BPR,» which will qualify as a REIT for tax purposes and issue shares in this transaction.

The tax information and estate planning information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice.

In addition to the new fees on for - hire services, the Assembly plan would impose a real estate transfer tax on residential and commercial properties valued above $ 5 million and a New York City - only surcharge on properties purchased solely for investment purposes.

Also, unlike 529 plans, UTMA / UGMA accounts are included in the estate of the account's custodian (parent or grandparent) for estate tax purposes.

For estate tax planning purposes, such an action can be most valuable as it will allow a surviving partner to prove his or her portion of ownership in the home, making the estate valuation of the first partner to die more equitable, and may also save costly estate tax dollars.

The tax and estate planning information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

«For someone later in life, it could be an estate planning purpose to buying life insurance to leave a legacy for a cherished beneficiary or to donate to charity or to cover income tax at death.»

Your blog article underscores the need for planning in advance regarding one's estate and also serves a useful purpose; to highlight for the general public the need and importance of including ones pets in their estate planning.

This is the purpose: A blog established by a practicing & teaching lawyer in Pennsylvania for the benefit of law students, consumers, & professionals interested in legal developments affecting Elder Law, long - term care, End - of - Life issues, estate & personal planning, fiduciary administrations (by agents under powers of attorney, custodians, guardians, & trustees), elder conflict dispute resolution, or Orphans» Court litigation in this Commonwealth, with reference to trends nationally.»

In my experience, the vast majority of clients engage in estate planning to gain a sense of reassurance that their family will be cared for after their death in the manner that the client thinks is most appropriate, to pay for documents to be prepared without receiving the benefit of legal advice may undermine the entire purpose of the planning in the first placIn my experience, the vast majority of clients engage in estate planning to gain a sense of reassurance that their family will be cared for after their death in the manner that the client thinks is most appropriate, to pay for documents to be prepared without receiving the benefit of legal advice may undermine the entire purpose of the planning in the first placin estate planning to gain a sense of reassurance that their family will be cared for after their death in the manner that the client thinks is most appropriate, to pay for documents to be prepared without receiving the benefit of legal advice may undermine the entire purpose of the planning in the first placin the manner that the client thinks is most appropriate, to pay for documents to be prepared without receiving the benefit of legal advice may undermine the entire purpose of the planning in the first placin the first place.

Notable mandates: Acted for Soltoro Ltd. in connection with its successful disposition by plan of arrangement to Agnico Eagle Mines Ltd.; co-counsel for Trillium Motor World Ltd. in class action against General Motors of Canada Ltd. and Cassels Brock & Blackwell LLP; acted for Canadian Solar Inc. in connection with raising an aggregate of US$ 50 million in equity and US$ 100 million in debt financing for acquisition financing and working capital purposes; external counsel to the Regional Municipality of York, providing a wide range of municipal, real estate, expropriation, litigation, and commercial law advice and services; counsel to minority shareholder of a Nevis LLC worth more than US$ 500 million with respect to a claim for relief from unfair prejudice in litigation in Nevis and the Commercial Division of the Eastern Caribbean Supreme Court in British Virgin Islands, and in contemporaneous related actions in Belize and the United States.

This involved advising on the restructuring of their multi-national business interests to segregate their shareholdings in foreign business and real estate for tax and dynastic planning purposes.

Too many spouses lose their exemption because a new home was purchased in joint names because the bank suggested it for financing or the lawyer suggested it for estate planning purposes.

Your family lawyer may also have some good contacts with agents in the life insurance business that he or she used for estate planning purposes.

While this shouldn't deter you from making a trust if you need it, you should understand its purpose in your estate plan relative to your will.

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 you are a key man in a business life insurance policy, or you need life insurance for estate planning or estate tax purposes, you may be able to qualify for more.

There are reasons to consider a permanent policy, such as for estate planning purposes, however for most people term is significantly more doable in terms of pricing, and provides protection during the years you need it most.

Tip — Whole life policies serve estate planning purposes well (particularly in situations where a large estate tax is expected at death).

My second is that it is covered in an article I recently came across in Investment News, which discusses how these cash value or universal life insurance policies (for the purpose of this blog post, the two are basically the same) were used by estate planning attorneys to fund irrevocable life insurance trusts to help alleviate estate tax obligations.

While we generally recommend that most people purchase a term life policy in order to maximize coverage at the lowest possible cost, term insurance is not ideal for estate planning purposes.

These types of policies are often used for estate planning purposes, as they can work in conjunction with the unlimited marital deduction.

In general, life insurance for estate planning is used for a few purposes which may include any of the following:

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

For estate planning purposes, a disclaimer is the right to refuse to accept money or property left to you in someone else's estate plan, trust or will.

With a real estate career spanning 17 years and 14 countries including China, Australia, the United States and France and over $ 2 billion in revenue, Willard Bauman is an expert in planning and marketing world - class neighbourhoods, resorts, purpose - built rental buildings and commercial developments, the company says.

There are of course, professional methods of setting up your books, when you are first starting out, but this sample «thinking it through» model is merely for the purpose of highlighting the concept, one that is the most user - friendly model for non-accountant types of personality such as is common in the real estate business, often where agents don't see themselves as officially «being in business» (they just help people buy and sell houses); and this will enable the REALTOR ® to plan, based on being able to view past performances in any category.

Our professionals specialize in valuation for estate planning purposes, including private and corporate estate planning and filing.

In states like Florida and California with large senior populations, an increasing number of elderly homeowners are placing all or most of their assets — including their home — into a trust for tax and estate planning purposes.

In addition there are federal regulations that prevent banks from using the due on sale clause when you are making a transfer for estate planning purposes.