Whitney Houston’s heirs are...
Month: July 2016
You Bet Your Life There’s Value in Life Insurance
Life insurance can be very complicated and confusing. It’s also an area where mistakes can be made very easily.
A recent study that looked at the life insurance purchased by 94 ultra-wealthy business owners with a net worth of $30 million or more showed that roughly 40% of them didn’t have the appropriate level or type of life insurance—or it wasn’t properly struct...
Exploring Long-Term Care
The Huffington Post says that more than 40% of people over age 65 need care in a nursing home for some period of time. The article, “What is Long Term Care?”, quotes the National Institute of Health (NIH), which states that what’s termed long-term care (LTC) can—in...
A New Era of Estate Planning
ThinkAdvisor's article, "New Estate Planning Strategies for a Post-Portability World," says that there may be many folks who've continued to rely upon their outdated, pre-2013 estate plans. This could easily lead to adverse tax consequences in the future...
The Future of GRATs After November’s Election
Bloomberg BNA's recent article, "Future of Popular Estate-Planning Tool May Hinge on Election," discusses the grantor retained annuity trust (GRAT), which has been successfully used by several of the wealthiest people in America. With a GRAT, assets that are expected to appreciate are...
Have Control of Your Assets from the Grave!
Estate planning lets you determine how you want your assets distributed upon your death. Not to be morbid, but for those under 40, be advised that dying doesn't just happen to old people. In many instances, young people believe that's the case, which is an impediment to getting this last piece of the financial plan completed. Read More
