How does a Wealth Transfer Plan differ from an estate Plan?
There are many differences, but the five most important differences are: 1. A Wealth Transfer Plan is a Lifetime Plan that attacks your tax problems immediately and solves them during your life. Your Lifetime Plan dovetails with your Estate Plan (really a death plan, because your will and revocable trust only speak after you are gone). 2. A Wealth Transfer Plan is designed to get ALL of your wealth — every dollar of it — to your family. For example, if you are worth $11 million your family would receive the entire $11 million… all taxes, if any, paid in full. (Take a moment… add up the amount of your current worth). Unfortunately, an Estate Plan only tries to reduce your estate tax burden. 3. A Wealth Transfer Plan allows you to (a) stay in control of your assets — including your business — for as long as you live, yet (b) removes your assets from the IRS estate tax roll. An Estate Plan can never accomplish these two tax feats. 4. A Wealth Transfer Plan protects your assets from cr
