It is very satisfying to achieve all of your financial goals. Consequently, if you have been quite successful from a financial standpoint, you have to be concerned about protecting your legacy. The estate tax is one of many significant factors for high net worth individuals because there is a relatively high estate tax exemption. The exemption (actually called "exclusion" today) is the amount that can be transferred to anyone of your choosing before the estate tax would become … [Read more...] about An Irrevocable Trust Can Ease the Estate Tax Burden
Each of us will die eventually. This article looks at how planning can make your passing easier for your loved ones. Specifically, this article will look at the importance of the manner in which assets are left for your loved ones. Your Planning Can Help Your Loved Ones … [Read more...] about Your Planning Can Help Your Loved Ones
Whom should you name as the beneficiary of your IRA or Qualified Plan? Sometimes, it can be best to name a trust for your intended beneficiary. Read on to see the protections a trust can offer that a direct designation of the individual would not. Naming a Trust as Beneficiary of an IRA … [Read more...] about Naming a Trust as Beneficiary of an IRA
In June, we covered Part 1 (Long-Term Care) and Part 2 (Incapacity) in a six part series covering important estate planning considerations. Another point deserving some thought is how an estate plan can direct not just to whom assets should go, but also how. Each beneficiary is unique and the estate plan should consider their unique situation. This article looks at a couple with three very different children and how they might leave the assets for them in three very different … [Read more...] about 6 Important Estate Planning Considerations – Part 3: Your Kids
There are those who decide that they don't need an estate plan because they are not going to be exposed to the federal estate tax. … [Read more...] about Do You Really Need an Estate Plan?
While most people do not have an estate plan in place, there are those who have made minimal efforts. There are websites on the Internet that sell legal documents including last wills. Maybe you are among those who have pieced something together using one of these downloads or worksheets under the idea that anything is better than nothing.Anything is better than nothing in some cases, but it may not be better in others. If you had no last will all of your assets would be passed along to your … [Read more...] about Is Your Estate Plan Thoughtfully Constructed?
When you have accomplished your financial goals and you are in possession of a considerable store of monetary resources you may want to consider asset protection strategies. We live in a litigious society, and divorce is very common as well. In light of these factors you may want to position your assets in an intelligent, measured fashion. … [Read more...] about Free Report on Asset Protection Available
While there are a variety of tools and forms that can make up a comprehensive estate plan, we thought it would be beneficial to go over some of the more common documents. Here then, is a quick look at three estate planning documents you're most likely to encounter. … [Read more...] about A Primer in Estate Planning Documents
Grandparents who want to provide for their grandchildren have a number of options when they are engaged in the process of estate planning. Exactly how to proceed depends largely upon the extent of your assets and the ages of your grandchildren. … [Read more...] about How Will You Provide for Your Grandchildren?
If you find yourself visiting this blog you are probably looking for Oklahoma City estate planning information. We do indeed endeavor to pass along a steady stream of sound data for our readers to draw from here on the blog. However, we also offer an informative free estate planning report that was professionally prepared to provide interested parties with a solid foundational understanding of the various facets of estate planning. … [Read more...] about Oklahoma City Estate Planning Information