Is Estate Planning for Everyone?
Many people think they dont need an estate plan. They relate the term to tax planning and feel that their estate is not big enough to bother. They therefore think estate planning has nothing to do with them. But estate planning is more than a method to avoid or reduce estate taxes. Many young families might be surprised to learn they should think about estate planning now. Right now there is an effort to abolish or confine estate taxes to only the very wealthy. Of course, Congress changes the tax laws constantly, so there can be no guarantee that this trend will continue. Be even a normal working class couple with a home, two cars, money in retirement or 401K plans and maybe the start of a college for their children can have a surprisingly large estate. So even if estate taxes dont apply today, they may in the future. Estate planning can be used to distribute your taxable estate in such a way that taxes are minimized. There are all sorts of ways to do this and, if you are wealthy enoug
Many people think they don’t need an estate plan. They relate the term to tax planning and feel that their estate is not big enough to bother. They therefore think estate planning has nothing to do with them. But estate planning is more than a method to avoid or reduce estate taxes. Many young families might be surprised to learn they should think about estate planning now. Right now there is an effort to abolish or confine estate taxes to only the very wealthy. Of course, Congress changes the tax laws constantly, so there can be no guarantee that this trend will continue. Be even a normal working class couple with a home, two cars, money in retirement or 401K plans and maybe the start of a college for their children can have a surprisingly large estate. So even if estate taxes don’t apply today, they may in the future. Estate planning can be used to distribute your taxable estate in such a way that taxes are minimized. There are all sorts of ways to do this and, if you are wealthy eno
Many people think they don’t need an estate plan. They relate the term to tax planning and feel that their estate is not big enough to bother. They therefore think estate planning has nothing to do with them. But estate planning is more than a method to avoid or reduce estate taxes. Many young families might be surprised to learn they should think about estate planning now. Right now there is an effort to abolish or confine estate taxes to only the very wealthy. Of course, Congress changes the tax laws constantly, so there can be no guarantee that this trend will continue. Be even a normal working class couple with a home, two cars, money in retirement or 401K plans and maybe the start of a college for their children can have a surprisingly large estate. So even if estate taxes don’t apply today, they may in the future. Estate planning can be used to distribute your taxable estate in such a way that taxes are minimized. There are all sorts of ways to do this and, if you are wealthy eno
Many people think they dont need an estate plan. They relate the term to tax planning and feel that their estate is not big enough to bother. They therefore think estate planning has nothing to do with… • Retirement Planning May Drive the Decision to Buy Annuities, But Estate Planning and Inheritances Drive Many to Sell FOR IMMEDIATE RELEASEJ.G. Wentworth Analysis:Retirement Planning May Drive the Decision to Buy Annuities, But Estate Planning and Inheritances Drive Many to Sell The annuity’s inherent illiquidity complicates…
