Sentences with phrase «estate planning tool»

Some elderly citizens use whole life policies as estate planning tools.

This is leverage at work and a big reason life insurance is a great estate planning tool.

A simple will can be a good estate planning tool for many people, but it is not the right tool for everyone.

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

Life insurance is a valuable estate planning tool providing peace of mind for individuals, families and employees.

Guaranteed universal life policies do not have an expiration date, and this makes for attractive estate planning tool... more about this later.

Permanent insurance can be a good estate planning tool for high net - worth individuals if structured properly.

Life insurance is a valuable estate planning tool providing peace of mind for individuals, families and employees.

Common estate planning tools include: wills, trusts, financial powers of attorney and health care proxies.

Paying off the family farm also sometimes involves estate planning tools such as paying off inheritance or other taxes in order to keep the farm.

This said, trusts can be powerful estate planning tools.

Living trusts and wills are both legal documents written to deal with property and both are important estate planning tools that can sometimes even be used together.

Another way that life insurance can be used as a great estate planning tool is by naming your business partner as the primary beneficiary.

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

Guaranteed universal life policies do not have an expiration date, and this makes for attractive estate planning tool... more about this later.

When your goals shift from retirement income to providing for future generations, variable annuities can be a valuable estate planning tool.

The favorable gift tax treatment of 529 plans makes them a good estate planning tool, especially for grandparents.

TFSAs «can be very useful estate planning tools,» says Matthew Williams, SVP, Head of Defined Contribution and Retirement at Franklin Templeton Investments Corp. «Seniors can take an increased withdrawal out of their RRIF, pay tax on it and as a consequence redirect that to their TFSAs, which will be left to their heirs tax free.»

Trusts and other estate planning tools help people manage their assets during their lifetime and preserve them for their heirs.

Life insurance settlement providers and brokers tout the practice as an acceptable estate planning tool.

529 plans are an often overlooked estate planning tool — so don't forget to make the Minnesota College Savings Plan a part of all your estate planning discussions.

With the aging Canadian population, you're seeing a strong interest in estate planning tools and segregated funds are a key part of that.

screen you to make sure you do not continue if you are ineligible to use a simple will in place of more complex estate planning tools;

There are other probate - avoiding estate planning tools, such as titling property in «joint tenancy with rights of survivorship» so that major assets pass directly to your spouse (or whomever you're in joint tenancy with).

That lifetime may be your own, using traditional estate planning tools of wills and trusts, or it may be the life of a child with special needs, a parent with Alzheimer's, or a loved one who has suffered a catastrophic injury or debilitating illness.

They are a preferred estate planning tool.

They tout a greater product selection than most, and have a product for nearly every single need which could arise, from the most basic term policy to advanced estate planning tools and resources.

All in all the conclusion I always reach from these types of analysis is that the appropriate market for whole life is very narrow — affluent individuals who have maxed out all other tax deferred / advantaged alternatives, have a real need for life insurance, and have large amounts of cash to dump into it into a broader estate planning tool.

Additional reasons people choose annuities as estate planning tools include:

It serves as a great estate planning tool as it can be purchased by an irrevocable trust, with your heirs as the beneficiary and the insurance proceeds are kept out of the estate for tax purposes.

Survivorship policies can be an effective estate planning tool, but may not eliminate the need for individual coverage.

If you would like to prepare for your future with a will, trust or other estate planning tool, call Tibble Law Office today at 269-383-6000 or contact us online.

Life insurance settlement providers and brokers tout the practice as an acceptable estate planning tool.

We help you use estate planning tools such as wills, enduring powers of attorney, personal directives, and trusts to structure what will happen with your estate and your personal care.

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.

Section 529 plans also provide favorable federal estate and gift tax provisions, making them a valuable estate planning tool.

«Permanent policies are best suited as estate planning tools for the very wealthy who are facing estate tax situations, or for sophisticated charitable intentions,» says certified financial planner Andy Tilp, president of Trillium Valley Financial Planning near Portland, Oregon.

Our pooled funds are used for smaller accounts; to invest in small to medium capitalization companies; and as an estate planning tool to avoid US estate tax.

A Roth IRA is also a great estate planning tool, since you can leave the account to your heirs and stretch out distributions tax free.

In many planning cases we have been involved in, the TFSA ends up being an estate planning tool.

die insurance and joint and last survivor insurance are other names for this estate planning tool.

If you are wealthy and wish to leave an inheritance to your heirs, or if you require a life insurance policy that can also function as an estate planning tool, a permanent policy may make more sense for you.

Portability is an estate planning tool that allows a second spouse to utilize any unused federal estate tax exemption from their deceased spouse and add it to his or her own estate tax exemption.

the money I put in the ROTH will go to the Kids who are in a higher tax bracket so I use the converted money as an estate planning tool.

«For someone later in life, however, life insurance may be used as an estate planning tool — an opportunity to leave a legacy or pay taxes so your heirs don't have to.»

Years later, most whole life insurance policies are cancelled because again, life insurance is a great estate planning tool, but if used inappropriately, can yield bad financial results.

They can be a great tax - and estate planning tool for people who are charitably inclined, but they shouldn't be confused with insurance annuities.

Magna believes there is a tremendous opportunity to increase awareness, especially in light of the recent tax reform law increasing the federal estate tax exemption, which may eliminate the need for many policies purchased as an estate planning tool.