Estate Planning

Today’s rock-bottom interest rates are causing challenges for savers faced with punishing savings rates. But for others, ultra-low interest rates can be a potentially powerful ally when it comes to planning the transfer of an estate, especially an estate that is subject to estate tax. First, a refresher. Under current federal law, an individual may transfer $11.58 million (2020) during lifetime or at death, free of gift or estate tax. Married couples may transfer $23.16 million. This estate tax exemption amount will sunset after 2025 and revert to $5 million per person, adjusted for inflation, beginning in 2026. Estate planning…
Becoming a trustee is a big responsibility, which is why we want to make sure that if you are taking on this role that you are prepared. To help you get more prepared, check out some of the most common questions that most trustees ask Marcia Campbell. If you have any additional questions, don’t hesitate to contact us by filling out the contact form on our website. 6 FAQs Trustees Ask Marcia Campbell   1. What should I do as a trustee? 2. Do I have to do all of this by myself? 3. Do I get paid to be…
The reason to consider a Life Settlement of an existing life insurance policy is to be sure you don’t leave any money on the table. Many clients don’t realize they might be sitting on an asset that can be turned into cash – the sale of an unaffordable or unneeded life insurance policy.  (We have some examples below.) Prior to our becoming totally independent, however, we – like so many advisors and firms – were prohibited from even discussing Life Settlements as an option for a client. Although that grated on me, we seldom ran across a situation where a…
When people are donating to charity, cash is typically the first asset they consider giving.  In fact, more than 90 percent of all giving in the U.S. is in the form of cash. And, while cash is certainly a welcome gift to support nonprofit work, gifts of other kinds of assets can also help you maximize your charitable impact. Many kinds of assets can be converted into good works in the community. Consider: Appreciated securities: The stock market has done very well since the recent recession.  With such incredible growth, looking at one’s stock portfolio (or mutual fund, or…