Tag Archives: Irrevocable Life Insurance Trust

The Crummey Notice Requirement – What is the Point and When is it Necessary?

One of the primary techniques used to reduce a person’s taxable estate is making gifts during his or her life to other individuals, usually children or grandchildren, using the annual gift tax exemption ($14,000 in 2017). An individual can make … more

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Asset Protection Through Estate Planning – Update

> The benefits of asset protection must be considered when you are building wealth, not when you need to protect it. > Transfers of property that occur specifically for the purposes of hindering, delaying or defrauding creditors are considered fraudulent. … more

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David Bowie’s $100 Million Estate

> While estate taxes cannot always be avoided, they can be minimized through proper planning. > Privacy and probate avoidance can benefit estates of all sizes, not just celebrity estates. > If specific funeral wishes are important, they should be … more

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White House Continues to Target Transfer Taxes

It was expected—perhaps foolishly—that the American Taxpayer Relief Act of 2012 (the “ATRA”), signed into law on January 2, 2013, would end the fluctuating estate and gift tax exemptions by setting the unified exemption at $5 million per individual, indexed … more

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Robin Williams Understood the Importance of Estate Planning

POWER POINTS + Your estate plan can remain private and avoid court involvement when drafted and maintained properly. + Have an ongoing relationship with your advisor; a proper estate plan is not something you should stick in the closet and … more

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Guest Blog: Life Insurance Basics, Part 2 of 2

I get many questions regarding life insurance, and while I am happy to advise on the many estate and gift tax consequences related to life insurance, I leave the recommendations of why, how much and why to the life insurance … more

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Guest Blog: Life Insurance Basics, Part 1 of 2

I get many questions regarding life insurance, and while I am happy to advise on the many estate and gift tax consequences related to life insurance, I leave the recommendations of why, how much and why to the life insurance … more

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The Biggest Wastes of Money in Estate Planning

POWER POINTS: You are better off doing your estate planning right the first time. Estate planning must be customized to your needs in order to be effective. The estate planning process of basic planning, funding and advanced planning and maintenance … more

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Three Reasons Irrevocable Trusts Fail

All trusts fall under one of two categories: revocable or irrevocable.  These trusts differ in several significant ways, including their purpose, asset ownership and use, tax treatment and annual maintenance requirements.  This newsletter will briefly discuss the differences between a … more

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The Not-So-Permanent Estate Tax

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (the “ATRA”) into law.  Failure to pass the new law would have resulted in a significant decrease in the estate and lifetime gift tax exemptions and … more

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