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Tips for Financial Security
Are you Saving Money and Ready for the Future? Why Women Need to Be Better Wealth-Builders Women in the age group of 27-45+ are unique in that perhaps for the first time in history, many are in complete charge of their own financial planning. While this is positive, the flip side is that they al
Who Are You Taking Investment Advice From?
Experts Suggest Investment Advice May be Best Left to the Professionals Most people who invest money and are purposeful about their retirement plans believe they have the basics of investing down. They may even consult with well-meaning friends and family when they are seeking outside guidance. However, some of the most common mistakes in inv...
5 Tips To Survive Stock Market Volatility In Retirement
Financial Wellness and What Your Financial Advisor Isn’t Telling You
Manisha Thakor and Financial Finesse CEO Liz Davidson explore what it means to achieve financial wellness.
What Physicians Should Know About Irrevocable Trusts
The key difference between a revocable living trust and an irrevocable trust and when and why physicians should consider using them. 1
Lost Life Insurance Policies
As I watched the many documentaries and tributes to those that perished during the 9/11/2001 attacks, I was reminded of how many spouses and children were left behind. Families were left with voids in their lives, not only physically and emotionally, but financially as well. It is likely that man
How Much Life Insurance Do I Need?
Key Takeaways: The purpose of most life insurance policies is to ensure that your loved ones will be financially secure upon your death. Keep the big picture in mind. Instead of using rules of thu…
What Is an Irrevocable Life Insurance Trust?
You could convey these policies into an irrevocable life insurance trust or ILIT.
How an Irrevocable Life Insurance Trust (ILIT) Works
An irrevocable life insurance trust (ILIT) can provide peace of mind as you start your estate planning process. If you have a sizable estate or young beneficiaries, an ILIT can provide control...
How do I start an Irrevocable Life Insurance Trust?
There are a number of benefits you can have when creating an Irrevocable Life Insurance Trust, such as avoiding certain estate taxes. Are you looking for a Cedar Park Estate Planning Lawyer? Schedule your initial consultation at the firm with absolutely no cost!
What's an Irrevocable Life Insurance Trust and Why Do I Need One?
What You Should Know About Irrevocable Life Insurance Trusts
Since the insured person must give up control of the insurance policy, the trustee is responsible for payment of premiums. However, the insured may pay the premiums indirectly by gifting an equivalent amount into the trust when premiums are due. The trustee will then use that money to pay the premiums But this runs into another tax problem – the gift tax. When the insured gifts money to the ILIT, this is treated as a taxable gift to the beneficiaries of the trust…
What Is an Irrevocable Trust?
An irrevocable trust will protect your assets during your lifetime and ensure that your legacy outlives you.
Why Create an Irrevocable Trust?
Contrary to what many believe, you don’t need the wealth of a Rockefeller, Trump or Kennedy to set up a trust. Everyday Americans can also pass along ca...
Discover How an Irrevocable Life Insurance Trust Can Help with Your Estate Planning
“ILITs can help you save a bundle in estate taxes.” Did you know that if you own a life insurance policy in your own name, its proceeds will be included in your estate, and there’s a possibility it will be taxed up to 40%? However, if you use an irrevocable...
How to Make A Flexible Irrevocable Trust
Why would I want to set up a trust that I can't revoke? Even though you cannot revoke an irrevocable trust, there are many ways that it can be flexible.
How Does an Irrevocable Trust Work?
An irrevocable life insurance trust (ILIT) can provide peace of mind, as you start your estate planning process. If you have a sizable estate or young beneficiaries, an ILIT can provide control over a life insurance policy that a last will and testament may not.
A Simple Guide to Understanding Life Insurance
Life insurance may be something you don’t think about much. That’s understandable — you’re busy living your life. It may be a subject that seems complicated or even overwhelming. You’re not alone — a lot of people feel the same …