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Two Tips for Asset Protection Planning

Estate planning has many aspects, from asset protection, to asset ownership, beneficiary designations to protection from future creditor claims. As a result, a number of strategies should be considered for your overall plan. Protective Arrangements for Beneficiaries When a recipient receives a gift, the question often asked is will the beneficiary be subject to pressure … Continued
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Three Tips to Consider Regarding Business or Individual Planned Giving

Giving to charity organizations is becoming more important now than ever before as more and more funding sources dry up for such organizations. However these same economic conditions also make this a hard time to give. Whether you consider planned charitable giving as an individual or as a business owner, here are three points to … Continued
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Sell Your Insurance

Buying and selling life insurance policies became popular 10 or so years ago when the AIDS epidemic broke out. The so-called “viatical” process is a way for terminally ill AIDS patients to enjoy a portion of their life insurance death benefit amount while they are still alive. The viatical concept caught on quickly for people with … Continued
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Reducing Uncle Sam’s Tax Bite on the Sales of Your Business

The financial focus in any business sale should be maximizing the present value of the after-tax amount received. Business owners and advisors must minimize the tax bite, as well as maximize the price. In business negotiations we are always looking for win/win opportunities. Or at least having one party trade an asset or service with … Continued
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529 College Savings Plans

The 529 college savings plan can be a great option for parents looking to fund their child’s college education, but investors need to do their homework to get the maximum return for their money. A 529 plan is an education savings plan operated by a state to help families save money to pay for college. … Continued
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Cover Your Assets

You work hard. You’ve accumulated some nice assets. You want to protect them from liability exposure. Right? Of course, but do you know what you need to do? Many people think of fancy foreign trusts and partnerships when the topic of asset protection comes-up. But, you can protect your assets without going to big extremes … Continued
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Growing Your Business

A goal of most businesses is to grow over time. Business leaders must first decide if growth fits strategic plans for the company. If so, what’s the smartest way to grow? Do you hire more employees or do you acquire or merge with other existing companies? While you almost always want to be growing internally … Continued