Offshore Bank Accounts Pros, Cons, Interest Benefits

Offshore bank accounts have advantages and company benefits from the low interest rates on loans and higher return of investments. Switzerland and Cayman Islands are the most common destinations. Discuss Patriot Act, IRS, Qualifying Intermediary Requirements on US-funded investment income.

Living Trusts

Benefits of a living trust.

Real Estate Tax - Tax Maps, Real Estate Tax Exemptions, Estate Tax Lien Information and More

On real estate tax. History of real estate tax, property assessor, real estate tax maps; limitations of increasing property taxes with homestead real estate tax exemption; delinquent real estate tax penalties; lien on property and use of tax certificates; about estate tax lien and filing affidavit by executor to remove estate tax lien. Real estate worth more than $1.5 million subject to federal estate tax.

Estate - Surviving Your Estate

Recently I shared the heart-wrenching story of a young soldier who had to deal with the unexpected death of his mother. She didn't have her affairs in order and now her son has the extremely difficult task of recreating her financial details from scratch. Here are some simple steps you can take to ensure that your loved ones aren't left in a lurch.

Private Annuity Trust, Ensured Installment Sale (Structured Sale)

Private Annuity Trust is using assets not money to fund annuity. Ensured Installment Sale (Structured Sale), developed by Allstate Insurance Company, replaces Private Annuity Trust after Oct 18, 2006 and sells assets to insurance company. Transfer of ownership of home or land to a Trust. How the IRS estimates annuity payments? No estate tax, income tax, gift tax on Private Annuity Trust transfer.

Financial Directive - Advanced Estate Tax Planning, Power of Attorney Issues

What is a financial directive? Financial directive is like power of attorney and is a legal financial instrument that empowers your Agent over all your financial matters and should be a part of advanced estate tax planning. The financial directive is enacted when you become disabled or incapacitated. Discusses limitations of agent as fiduciary with no general or limited power of appointment in the financial directive.

Will Contest - What Is It? How Can You Protect A Will?

What is a Will Contest? Anna Nicole Smith, James Brown example in Will Contest. Valid objections to pursuing a Will Contest- testator never signed Will- Will did not meet statutory requirements- testator was under the influence when drafting Willl- testator lacked mental capacity. How to protect your Will? Attorney uses language to minimize ambiguity. Attorney used Non-contest Provision or Forfeiture Clause to Will which means beneficiary who chooses to contest Will loses any right to inheritance.

Estate - Your Questions Answered - Health Savings And Power Of Attorney

Currently, the premium is split 50/50 between employer and employee. I pay $205.00 per month. Under the HRA it will still be split 50/50, but the employer is going to fund each employee's Personal Medical Fund up to $900.

Division Without Divisiveness

You've probably heard the horror stories - how sometimes families are torn apart by hard feelings stemming from the inequitable division of estates or even from the perception that the division was not fair. As an outside observer, it might be easy to dismiss such cases as pointless, petty, and avoidable. But how easy it is for all of us to repeat the same mistakes that led to these tragic consequences!

Good Intentions Could Lead to Family Feuds

Good Intentions Could Lead to Family Feuds

Estate - Will You Lose Your Home To Medicaid?

The largest financial risk that seniors face today is the potential of assisted living and nursing home costs to devour the nest egg that has taken a lifetime to build. Many will end up relying on Medicaid to pay these costs. If that's the case for you, chances are that Medicaid will come after your home when you die.

Estate - How Do You Like These Odds?

Are you a gambler? Do you like to play the odds? Here are some real-life odds for you to consider: 90% of people become incompetent before they die! Of course, your spouse might not think you're of sound mind right now, but that's beside the point! If you don't take action, you could needlessly cost your spouse thousands of dollars and countless headaches in order for them to make decisions on your behalf.

A Walk Through Of Financial Planning Process

Financial planning is important to your life; success or fail to plan your financial will impact your life related to money. The six areas of financial planning that reviewed in this article are all interrelated. Hat affects one area impacts the other areas as well, you should be aware of these areas and ho they impact your financial strategies.