Affluent families may want to consider incorporating this concept in their estate planning. Anne Petter -Modest Teacher and Favorite Niece Anne Petter was a teacher who died in 2008. Her favorite uncle (this distinction may or may not be true) was an early investor in UPS. In 1982, she inherited stock from him. In 2001, …
Read MoreMonthly Archive for: ‘September, 2011’
Why Business Owners MUST Have a Living Trust 0
In our last post, we discussed the importance of holding a planning review for your business. In this post, we want to strongly recommend that if you are a business owner, having a Revocable Living Trust (RLT) is critical for several reasons. Control by the Right People, Not the Judge! Our first reason has to …
Read MoreBusiness Planning Reviews 0
In this article, we would like you to consider holding a planning review for your business. In holding a planning review, you may want to consider incorporating some of the following ideas into your review: First, make an agenda. It will help you to keep focused on the purpose behind the planning review. Second, prepare …
Read MoreNew Disclosure Rules Will Expose ‘Hidden’ Fees inside Retirement Plans 0
Advisors know there’s a host of unknown costs and fees lurking inside a client’s 401(k) plans, IRAs and other retirement accounts. Often, those fees make a world of difference in investment returns. But most clients don’t know the fees that they pay to plan providers. A recent AARP study found that more than seven in …
Read MoreWho Will Care for Hachi? 0
There are 86.4 million cats and 78.2 million dogs owned in the U.S., according to the American Pet Products Association. The Humane Society of the U.S. estimates that each year, 400,000 pets need to find new homes because their owners died. Have you made provisions for your beloved pets? Are you absolutely sure a loved …
Read MoreA Legal and Financial Pre-Vacation Checklist 0
Family vacations tend to dominate the summer months. Friends and relatives say nothing is quite as stressful as planning and packing for the long-awaited warm weather holiday. As the mercury climbs, your interest in dealing with your legal and financial matters may decline. Let’s change that trend. The Summertime Blues Once school is out, we …
Read MoreDon’t Miss Out! Just 16 Months Left to Act on Planning Opportunities Under the 2010 Tax Relief Act 0
The Tax Relief Act of 2010 is a short one. For those that don’t know, this legislation jumped the gift-tax exemption from $1 million to $5 million, which means you can now gift the greatest amount ever without paying out-of-pocket dollars on gift taxes. Before now, transferring significant assets could require complex strategies. Time Moves …
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