Dynasty trusts push that generation-skipping tax exemption to the max, putting the exempted amount beyond the reach of estate taxes for the life of the trust.
One of the best justifications for life insurance is to pay estate taxes, which can chew up more than half of your net worth.
Residents will tell you the pricey real estate is well worth it for the quality of life in this quirky, inclusive and truly charming area of the country.
If you're fortunate enough to have substantial assets, life insurance can also help cover estate taxes for your heirs.
Donors could also put the partnership shares in a charitable remainder trust, a popular estate-planning device in which donors or their beneficiaries draw income for life, with trust assets going after death to a charity.
The attorney wanted an autopsy performed to determine if Carvel was mentally competent at the time of her death. (This would mean examining her brain.) When it comes to estate planning, your mistakes live long after you die and often make life difficult for the heirs you wanted to benefit.
For example, the estate tax is phased out by 2010 and then springs back to life in 2011.
Many firms and practitioners fancy themselves as a single source for all things financial about your life: investments, lending, insurance, estate planning and more.
And for more than six years you've been able to buy real estate in Second Life (anyone remember Second Life?), if you just gave them your credit card number.
That's probably because many entrepreneurs and executives who accumulate super-wealth through company stock tend to hang on to many of the shares for life, leaving it to the kids to diversify the money into real estate and other assets after they die.
And if the estate tax is not repealed, baby boomers may need life insurance to foot this tax tab for the next generation.
"It would seem to me to be a self-made kind of individual who has worked his whole life and wants to get away, " muses Greg Archibald , national director of real estate for J.
Mr Lawless was jailed for life in 2002 after confessing to the murder of retired sea captain Alf Wilkins on the Yarborough estate in Grimsby, Lincolnshire.
This loose-leaf book, the work of a retired estate planner, has fill-in-the-blank pages for everything from bank and stock accounts, to life insurance policies, to family medical history and funeral preferences.
He says Charlotte is attractive because of its low residential real estate taxes, the ability to get a lot of home for the money, as well as quality-of-life issues, such as high standards of medical care and higher education.
应用推荐