Estate Planning Articles for Family Businesses
8-Tactics on Easy Estate Planning
Today, February 13, 2007, the current federal estate tax exemption is set at $2 million dollars.
It means that people with less than $2 million dollars worth of assets can do their own planning.
Contingent upon the complexity of one’s estate, number of heirs, varied assets, certain planning calls for an expert.
But, for regular folks leaving money to their heirs, there are other ways to do your own estate planning, offset probate expenses and maximize inheritance:
1. First, visit your state's web site to determine how much the estate tax exemption is set in your state.
2. Various web sites such as LawDepot.com feature downloadable wills, power of attorney agreements and other legal documents. [These power of attorney template contracts run about $20.]
3. Review life insurance and retirement policies. Generally, these accounts can be transferred directly onto beneficiaries.
4. The same theory applies to taxable accounts such as: savings, mutual funds and other investment income account. As long as the benefactor entitles the accounts as “transfer on death” “pay on death” to heirs, proceeds should be directly passed on. However, more intricately individualized financial situations may require differ.
Estate Planning Tip: Large to mega-sized estates necessitate the professional guidance of a lawyer or certified estate planner.
5. For items #2 and 3 (above), title assets to simplify the financial transfer of your death.
6. Open a living trust to stockpile assets.
7. In cases where real estate is owned in another state or country, an attorney with expertise in international law and real estate planning may be necessary.
8. There's no need to wait until death. Sharing the wealth now can save heirs taxation in the long-term.
Federal-estate tax exemption fact: by the year 2009, the federal-estate tax exemption is slated to grow to $3.5 million.
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Estate Planning Articles For Business Owners And Executives
Estate Planning is a process - usually a life long process - rather than an event. Second in importance to the estate planning techniques chosen, and discussed in the articles below, is the professional you select to help you wind your way through the decisions, issues, challenges and opportunities.
We are creating a directory to help you with that critical matter.
The 50+ Estate Planning articles below were purchased by us from a reliable resource, and added in this directory, separate from those in the Selected Newsletter Articles area, to offer an additional source of content on a wide variety of topics of value to you.
Take the Team Approach to Estate Planning
An Estate Planning Primer
How Alaskan Trusts Can Protect Your Wealth
Getting Some Perspective On Your Avoidance Habits
The Right Way to Leave Your Money to Charity
3 Mistakes to Absolutely Avoid in a 1031TIC Exchange
Senior Life Settlement Uses and Applications
An Annuities Primer
Create Tax Savings And Transfer Wealth To Your Child With A
A Few Words For Our Lost Generation
Questions To Ask Your Financial Manager
FAMILY BUSINESS SUCCESSION PLANNING
Financial Planning and Investing
Financial Planning for Singles
Five Straight Steps to Opening an Offshore Bank Account
Health Insurance for Seniors on the Web
Retirement Plans Are For Retirement Not Estate Planning
How to Become Successful in the field of Financial Consultant
How To Incorporate Yourself Without a Lawyer
HOW TO MAXIMIZE YOUR HARD EARNED MONEY
Qualified Retirement Planning Services As a Fringe Benefit
Your Business And Your Estate
Investing and Financial Planning
Investor Guide to Financial Health
Its Time to Review Your Family's Financial Security
Offers that Turn Lookers into Buyers
Organizing Your Finances Show Me MY Money What You're Wo
Borrowing from Your Retirement Plan Account
The Benefits of Swiss Banking
Is It Possible To Increase the Bottom Line by Decreasing the
Citizens Of The World You'd Better Plan
Creating Estate Tax Savings For Your Child Using A Roth IRA
Who will be their Guardian
Know Money to Make Money
YOUR FAMILY BUSINESS AND YOUR ESTATE
Business Coaching Legacy Reflections on What You Want to Le
When Assistance with Long Term Care Becomes Necessary
Turning Demographics Into Gold
Everyone Should Have A Living Will
Create your financial fortress Before it is too late
Financial Inventory
How Family Limited Partnerships Build Wealth
Copy Cat Principle
Does Your Life Include a RIPE Plan Planning Tips for Retire
FINANCIAL PLANNERS HOW DO YOU TELL THE DIFFERENCE
Help Your Kids Learn More About Managing Their Personal Econ
Beefing Up Your 401k Account Automatically
Employers Beware Love Is In The Air And Your Company May En
No Upside In Raising Bank Deposit Insurance Limits
The Promises And Perils Of Web BToB Exchanges
Why You Might Need More Trusts Than You Or Your Lawyer Think
Deeds of Variation Are They Justified
The Implications of Income Tax Charge on Estate Planning
Turbocharged Financial Planning
WARNING! Living Trust Scams Targeting our Seniors
Write Before You Cannot Speak
Strive for Online Privacy or Become a Tech Victim
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