Estate Planning
The Solution to Estate Tax Planning Fatigue
Episode 165 – Life insurance can be used to avoid estate tax planning fatigue caused by ever-changing tax laws and political environments. Continue Reading The Solution to Estate Tax Planning Fatigue
You’ve Been Named the Trustee of an ILIT – Now What?
Episode 164 – Trustees of irrevocable life insurance trusts or ILITs are often family members or friends of the trust creator, who are not familiar with the many duties and responsibilities that the role requires. Continue Reading You’ve Been Named the Trustee of an ILIT – Now What?
Changes to Key Estate Tax Planning Numbers in 2022
Episode 161 – The inability of Congress to reduce by half the $11.7 million estate and gift tax exemption amount in 2021, leaves us with an even higher exemption amount for 2022. Continue Reading Changes to Key Estate Tax Planning Numbers in 2022
You’ve Been Named the Executor or Administrator of a Last Will and Testament – Now What?
Episode 160 – Agreeing to act as an Executor or Administrator for the estate of a deceased family member or friend is typically an act of love. However, it often requires more work and dedication than anticipated, and can involve personal liability. Continue Reading You’ve Been Named the Executor or Administrator of a Last Will and Testament – Now What?
Thirteen Celebrity Estate Planning Lessons
Episode 154 – The rich and famous are prone to estate planning mistakes. Today we look at some real world examples, and the lessons we can all learn from all of them. Continue Reading Thirteen Celebrity Estate Planning Lessons
Build Back Better Tax Proposals – Part 3: Retirement Plans & Corporate Taxes
Episode 146 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 3 episode, we’ll cover the proposals that affect retirement plans and corporate taxes.
Continue Reading Build Back Better Tax Proposals – Part 3: Retirement Plans & Corporate Taxes
Build Back Better Tax Proposals – Part 2: Estate & Gift Taxes
Episode 145 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 2 episode, we’ll cover the proposals that affect estate and gift taxes. Continue Reading Build Back Better Tax Proposals – Part 2: Estate & Gift Taxes
Build Back Better Tax Proposals – Part 1: Income Taxes
Episode 144 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 1 episode, we’ll begin with income taxes. Continue Reading Build Back Better Tax Proposals – Part 1: Income Taxes
Do You Really Know How Much Your Business is Worth? Why You Need a Business Valuation.
Episode 141 – Most business owners don’t know the true value of their company, but they need to, for a variety of reasons including business, estate and personal planning. See how your Security Mutual Life insurance advisor can help with the planning and the valuation. Continue Reading Do You Really Know How Much Your Business is Worth? Why You Need a Business Valuation.
Life Insurance for Lifetime Needs and Estate Tax Liquidity Using a SLAT
Episode 136 – SLATs are one of the most popular estate-planning strategies to create liquidity to pay Estate Taxes through the use of Life Insurance, while still maintaining indirect access to the cash values during your lifetime. Continue Reading Life Insurance for Lifetime Needs and Estate Tax Liquidity Using a SLAT
Holographic Wills and the Case of Larry King
Episode 125 – Do you know what a Holographic Will is? Here’s a hint: Larry King used one. But that doesn’t mean you should. Continue Reading Holographic Wills and the Case of Larry King
Don’t Forget About State Estate Taxes (Particularly in New York)
Episode 124 – You may not be wealthy enough to be subject to federal estate taxes upon your death, but your state may have other ideas. Continue Reading Don’t Forget About State Estate Taxes (Particularly in New York)
Estate Tax Liquidity, Wealth Replacement and ILITs
Episode 123 – Business owners and high-net-worth individuals subject to federal or state estate and inheritance taxes should look into life insurance in an irrevocable life insurance trust for estate tax liquidity and to replace wealth lost to taxes. Continue Reading Estate Tax Liquidity, Wealth Replacement and ILITs
Don’t Be Like These Famous People—Get Your Will Done
Episode 121 – Estate planning is the process of protecting your wealth and transferring a legacy to your heirs in the manner you wish. Even the rich and famous fail to plan, resulting in disaster. Everyone needs a will and estate plan. Continue Reading Don’t Be Like These Famous People—Get Your Will Done
Estate Tax Planning Strategies in a Low Interest Rate Environment Part 2
Episode 115 – The continuing low interest rate environment makes certain estate tax planning strategies—such as GRATs, CLATs, IDGTs and intra-family loans—more efficient for wealthy individuals and families to consider for minimizing or avoiding estate taxes. Continue Reading Estate Tax Planning Strategies in a Low Interest Rate Environment Part 2
Estate Tax Planning Strategies in a Low Interest Rate Environment Part 1
Episode 113 – The continuing low interest rate environment makes certain estate tax planning strategies—such as GRATs, CLATs, IDGTs and intra-family loans—more efficient for wealthy individuals and families to consider for minimizing or avoiding estate taxes. Continue Reading Estate Tax Planning Strategies in a Low Interest Rate Environment Part 1
Have You Protected Your Hard-Earned Wealth with an Estate Plan?
Episode 112 - A comprehensive estate plan is not just about dying. It helps protect the hard-earned wealth you have accumulated during your lifetime so you will have it to distribute to your family and heirs. Learn more here.Transcript of Podcast Episode...
Why High Net Worth Clients Should Consider Implementing Their Estate Plan Before the End Of 2020
Episode 96 - With an uncertain election coming up, our wealthy clients may feel little urgency in updating their estate plans. But the time to act is now. High net worth clients should consider implementing their estate plan before the end of...
Why Conduct a Life Insurance Review?
Episode 23 – Despite the amount of life insurance in your estate, it is an asset that is generally not evaluated, reviewed, or appraised on a consistent and comprehensive basis. Continue Reading Why Conduct a Life Insurance Review?