Sentences with phrase «for estate planning reasons»

If you don't already have your life insurance program in place, the need for life insurance usually arises for estate planning reasons or covering final expenses.

Other popular reasons for having life insurance include: Income replacement for dependents; to pay off debt like a mortgage or a line of credit; to create an emergency fund; to cover final expenses incurred upon your death; for estate planning reasons or to leave money to a favourite charity.

Not exact matches

The top reason people gave for slacking off when it came to estate planning was that they «just hadn't gotten around to it,» according to the survey of 1,003 adults conducted in late January.

During an IPO, the previous owners are attempting to raise capital for expanding the business, cash out their interest for estate planning, or any other myriad of reasons that all result in one thing: a premium price that offers little chance for buying your stake at a discount.

For this reason, I'm proud to present the infinite banking concept as a real solution to empower your wealth and estate planning as an individual, family member, investor and business owner.

60 per cent of potential first - time homebuyers have had to delay their plans to buy, with close to 40 per cent of those people saying that the increasing cost of real estate has been the main reason for the delay.

Other reasons for executing an exit strategy may include a significant change in market conditions due to a catastrophic event; legal reasons, such as estate planning, liability lawsuits or a divorce; or for the simple reason that a business owner / investor is retiring and wants to cash out.

Wealthy people use trusts for estate planning for a variety of reasons.

«A lot of people are quite preoccupied with keeping the property in the family, for some reason,» said Christine Van Cauwenberghe, assistant vice president of tax and estate planning at Investors Group.

The reason d'être for all attorneys practicing in the area of estate planning is to provide for the orderly transfer of property after the death of a person to his or her heirs and / or beneficiaries.

Reaching Certainty Uncertainty is one of the biggest reasons for delaying estate planning.

Christie's specialist Jonathan Laib said the owner is selling now in part for estate - planning reasons and in part because he believes the painting will appreciate due to the rebounding art market overall.

For this reason, estate planning should never be a one - size - fits - all process.

In the kind of meeting you are describing, however, most likely, the attorneys are simply going to explain your parents» estate plan, over which you have no control or say in any case, and there is no reason for suspicion or paranoia.

«Lots of busy people know they should create an estate plan, but many don't for a variety of reasons,» said Charley Moore, founder and CEO of Rocket Lawyer.

I'm guessing the reasons that you gave for why people ought to try estate planning don't necessarily resemble all the estate planners practices, who might be listening, or people who dabble in Wills and Trusts.

Whatever your reasons for delaying the process, we recommend that everyone should draft an estate plan early to ensure that your wealth and assets are protected, and that your final wishes are honoured.

If, however, you're worried your estate might qualify for the tax, that's all the more reason to speak with an established estate planning attorney and create a Trust.

Today it is used for many reasons, including wealth preservation and estate tax planning.

This article provides eight reasons that may help you make estate planning a priority for your loved ones.

In fact, Scott Goble, CPA, Financial Planner with Sound Accounting, recommends basic estate planning for all families with assets of $ 750,000 or more for three main reasons: value, inflation, and exemption.

However, if you need life insurance for such things as estate purposes, inheritance taxes, business reasons, or to set up a trust or donate to a charity, then you might be better advised to look at some other form of permanent insurance plan such as whole life or a universal life insurance policy.

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.

For this reason (and because the death benefits are tax free) whole life insurance is often used for estate planning, and to fund generational trusFor this reason (and because the death benefits are tax free) whole life insurance is often used for estate planning, and to fund generational trusfor estate planning, and to fund generational trusts.

The death benefit of a whole life insurance policy can be received tax free by the beneficiaries, and for this reason whole life insurance is used for estate planning purposes as well as providing income for beneficiaries after the insured passes away.

Whole life is a great option for an estate plan as the cash value can be accessed tax free via policy loans for various reasons, such as

One of the most common reason for family feuds in India as in the rest of the World is faulty estate planning.

If your estate is worth less than $ 11.2 million, your loved one's won't have to worry about the IRS or federal estate taxes, but you may want to create a trust for other reasons like leaving an inheritance behind, or planning for state inheritance taxes.

But life insurance is much more multi-dimensional than that and can be used for specific business reasons or as part of estate planning.

For these reasons, many divorcing couples revise their estate planning documents during the period of separation or soon after the divorce has been finalized.

For all of these reasons, CL may be preferable to mediation in certain situations - especially where one or both of the parties want to have their counsel at their side when such issues as asset division, alimony, health insurance, estate planning, or child support are discussed.

Estate planning is an area which many people like to put off for various reasons.

Complete Realty founder Daniel Burrus says, «We have many new real estate apps we will be launching that we are very excited about but we can not make our plans public yet for competitive reasons.»

• The number one reason to engage in social media and social networking should be to help consumers • Create your business social network • Convey your real estate social marketing value • You can create success in any marketplace • You must have a strategy and a plan for social networking and social media to create your «Real Estate Social Network» • Focus on consumer needs by providing relevant information and cestate social marketing value • You can create success in any marketplace • You must have a strategy and a plan for social networking and social media to create your «Real Estate Social Network» • Focus on consumer needs by providing relevant information and cEstate Social Network» • Focus on consumer needs by providing relevant information and content

For that reason, it's important for real estate professionals to dig below the surface to see how the plan could change the tax picture for most homeowneFor that reason, it's important for real estate professionals to dig below the surface to see how the plan could change the tax picture for most homeownefor real estate professionals to dig below the surface to see how the plan could change the tax picture for most homeownefor most homeowners.

Anyway, in my view, this new listing plan gives much reason for all registered real estate people to celebrate, as the plan is full of holes and as such subject to abuse.

The CEO of a Saudi - owned real estate developer told Bloomberg that there's at least one simple reason none of the investments came through: the business plan for a revamped 666 5th Avenue calls for more revenue, particularly from luxury retail tenants, than even the New York City real estate market could provide.