Financial success is a wonderful thing, but you have to understand the fact that it is not necessarily easy to keep that wealth within the family. When you hear that statement, you may first conjure images of inheritance mismanagement. This does happen, but in this post we would like to highlight the impact that the federal estate tax can have on your financial legacy. Let's say that you leave your assets to your children and they are all fantastic money managers. The asset transfers may be … [Read more...] about Oklahoma Wealth Preservation: What Is the Unlimited Marital Deduction?
Kansas City estate planning
There are certain estate planning strategies that are ideally implemented when market conditions are ripe. With this in mind, we would like to take a look at the grantor retained annuity trust or GRAT, a device that can be utilized to transfer assets in a tax efficient manner. … [Read more...] about Is Now the Time for a GRAT?