Search

Chapter 21 of the book "Plan Your Estate," is presented. It presents information about the tax-sharing trusts. The various tax-sharing trusts offered are generation-skipping trusts, irrevocable life insurance trusts and grantor-retained interest trusts. The generation-skipping trusts are beneficial for those who would want their grandchildren to inherit property, the irrevocable life insurance trusts saves the estate tax of the inheritors and grantor-retained trust provide tax benefits.

Chapter 12 of the book "Plan Your Estate," is presented. It discusses the life insurance policy. It mentions that even though life insurance is optional, yet it has been an important part of estate planning in the U.S. Life insurance policy is suited for parents of young children or with disabilities and it provides, cash to pay debts and estate taxes and helps in skipping the probate process. It mentions that life insurance arranges immediate cash to the dependants at the time of owner's death.

Chapter 9 of the book "Complete Guide to Planning Your Estate in Michigan: A Step-by-Step Plan to Protect Your Assets, Limit Your Taxes & Ensure Your Wishes Are Fulfilled for Michigan Residents." This chapter discusses how to reduce one's own federal estate taxes. Ways to reduce the estate tax include making gifts during the lifetime and using irrevocable trust. The Qualified Terminable Interest Property (QTIP) Trust, another opt estate taxesion to reduce or stop estate taxes, is also discussed.

Chapter 9 of the book "Complete Guide to Planning Your Estate in Pennsylvania: A Step-by-Step Plan to Protect Your Assets, Limit Your Taxes & Ensure Your Wishes Are Fulfilled for Pennsylvania Residents" is presented. This chapter discusses how to lower the federal estate taxes. The author states that in order to reduce estate tax pay, people should make gifts during their lifetime and use an irrevocable trust. Information on Qualified Terminable Interest Property (QTIP) trust, another option to reduce or stop estate taxes, is offered.

The article focuses on insurance as an aspect of estate planning in Massachusetts. It states that insurance can protect one's estates from being taken away and can increase assets and savings. It explores the various types of insurance products including life insurance which can be whole, universal, or variable life insurance. It provides ways on how to avoid life insurance taxes such as the transfer of insurance policy ownership to someone and an irrevocable life insurance trust.

The article offers information on how to lower federal estate taxes for the benefit of estate planning in Massachusetts. It states that financial planning attorneys can help in the reduction of federal estate taxes through gifts and using irrevocable trust including life insurance, AB trusts, and qualified terminable interest property (QTIP) trust. It also mentions that disclaiming gifts can reduce the taxes a estate will pay in case of death which works somewhat like trust.

The article offers information on how to reduce the estate tax rate for estate planning in Florida. It states that advice from a financial planning attorney and the use of irrevocable trust and making gifts during someone's lifetime can reduce estate taxes. It discusses the AB trusts, qualified terminable interest property (QTIP) trust, and life insurance trust, and how it can help estate owners in the reduction of their estate taxes.

Chapter 5 of the book "The Complete Guide to Managing Your Parents' Finances When They Cannot: A Step-by-Step Plan to Protect Their Assets, Limit Taxes & Ensure Their Wishes Are Fulfilled," by Bill Swan is presented. It explores some of the legal issues on parents' finances as well as the possible ways on how to handle them. It highlights the financial topics such as joint checking accounts, revocable and irrevocable trust accounts and the ways to watch out pure trusts and other scams.

Chapter 9 of the book "Asset Protection for Business Owners and High-Income Earners: How to Protect What You Own From Lawsuits and Creditors" is presented. It discusses the asset protection provided by trusts and points out that a revocable trust does not protect assets from lawsuits while irrevocable trusts do. It explains the asset protection offered by several types of trusts including testamentary trust, life insurance trusts and charitable remainder trusts. It explains the differences in trust treatments for developing the best planning options.

Chapter 21 of the book "Your Complete Guide to Leaving an Inheritance for Your Children and Others: What You Need to Know Explained Simply," by Mike Valles is presented. It is stated that the reasons for the estate planning changes include the changes in tax laws, situation and needs. It notes that the irrevocable life insurance trust (ILIT) may be used to allow only few changes in the planning tools. It also mentions the need to keep the changes as simple as possible.

Chapter 8 of the book "How to Pay Little or No Taxes on Your Real Estate Investments: What Smart Investors Need to Know Explained Simply," by Brian Kline is presented. It highlights the Charitable Remainder Trust (CRT) that offers an income stream for a lifetime or predetermined length of time for the irrevocable trust. It discusses the capital gains tax that is postponed until the beneficiary gets payments from the CRT and taxes are yielded with inflated dollars.