When people consider the subject of long-term care, they often think about nursing homes. In fact long-term care has little to do with nursing homes. Understanding the difference can help you protect your family and finances.
An estate plan can assess the fair market value of an estate and the potential tax on the capital gains that will be due.An estate freeze or a partial freeze is a way to transfer all or a portion of the value of a company to new owner-heirs. Estate freezes coupled with the intelligent use of life insurance can help reduce the effect of a massive tax-bite on your estate. Such planning can also free up capital for retirement when you know, for example, that life insurance will pay the tax bill.
Section 303 of the Internal Revenue Code permits a corporation to redeem all or a portion of a decedent’s stock such that it will not be taxed as a dividend. Redemption under Section 303 can provide cash for estate taxes and other expenses without the income tax consequences associated with the declaration of a dividend.
Life insurance is used to replace the wealth given to charity so that beneficiaries receive the same amount of money in a passed loved one’s estate. For more information on charitable programs like Charitable Retained Annuity Trusts (CRAT), Charitable Retained Unitrusts (CRUT), Charitable Lead Trusts or Donor Advised Fund programs contact our charitable planning professional at Reformed Financial Group.
According to the National Organization on Disability, nearly 54 million Americans cope with special needs and the associated rising expenses. To ensure the continuation of governmental benefits and a successful estate plan, a Special Needs Trust can hold assets that can improve the quality of life and protect your loved one’s financial future by providing extra income for care, assistance and education beyond governmental coverage.
We will help you to understand the key fundamentals of investing. You deserve to feel knowledgeable and confident in your financial future.
We’re focused on helping you find the perfect match. During this phase we will develop a plan and establish goals together, with your financial future in mind.
No matter what your retirement goals may be, we will work together for the best interest of our clients.