Nothing Says “I Love You” Like A Sound Estate Plan

Posted by on Jan 27, 2017 in Blog, Estate and Trust Planning, Goals, Income Tax Planning, Life Insurance, Protection Planning | 0 comments

Here Are The Basics Everyone Should Know About Estate Planning:By definition, this is a process designed to help you manage and preserve your assets while you are alive, and to conserve and control their distribution after your death according to your goals and objectives.But what estate planning means to you specifically depends on who you are. Your age, health, wealth, lifestyle, life stage, goals, and many other factors determine your particular estate planning needs.For example, you may have a small estate and may be concerned only that certain people receive particular things. A simple...

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Should You Convert? … to a Roth IRA, that is

Posted by on Sep 2, 2016 in Business Owners, Estate and Trust Planning, Goal Achievement, Goals, Income Tax Planning, Investments, Retirement | 0 comments

“To convert, or not to convert. That is the question.” OK, Shakespeare I’m not. But, I have had the question posed to me many times over the years, and sometimes I suggest it even though it wasn’t on a client’s radar. There are a lot of factors that go into this complex decision, and you need to be aware of what they are. I’ve compiled the pros and cons below from my experience with hundreds of planning cases over the years. You’ll probably choose one more of the yes and no reasons, so the decision is going to have to be based on which aspects are...

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The Value of a Closely Held Business

Posted by on Feb 5, 2016 in Business Owners, Estate and Trust Planning, Goal Achievement, Goals, Retirement | 0 comments

Those who run their own businesses have known all along that the best investment they can make is in their businesses. The question is whether they or their family would get a fair return for that investment when it comes time to sell the business or if a “Heaven forbid” occurs. You’d want the value low for estate and gift tax purposes, but high for a sale. Which one should a business owner use? Do you need a certified appraisal, or will a market appraisal serve your purpose?   A Proper Valuation In most cases, there is no open market to determine the value. A proper valuation can...

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