Imagine receiving this letter: RE Policy number AN20067 April 10, 2019 Dear Mrs. Wilson, We have received your death claim for the above-referenced policy issued on 12/1/2001 in the amount of $1,000,000. Please accept our deepest condolences for your loss. We regret to inform you that this policy lapsed on June 1, 2018, due to […]
When people hear the term “estate planning” they think of wills/trusts and mortality. While it is true that estate planning provides instructions about the distribution of assets at death, it is much more. Think about it this way: an estate is not just the assets of a deceased person but also the assets of a […]
One of the greatest tax and estate planning tools ever allowed by Congress may be gone forever. The “SECURE ACT” passed the house on May 23rd by a vote of 417-3 and is expected to pass the Senate. This new act was largely designed to make 401k and other retirement plans more accessible to small […]
The term Checkbook IRA which has become a very popular tool refers to an LLC created by an IRA for investing purposes. This relatively new concept has grown out of investors’ desire to self-direct their IRA assets from traditional brokerage or bank accounts into hard assets like real estate, metals – even an operating business. […]