For the moderately wealthy, giving up Control (and Access) is a barrier in deciding to make irrevocable trusts. Techniques for grantor access to trust assets make the decision easier. Irrevocable trusts famously provide many benefits when properly designed and funded. For example: – Asset protection (e.g., against frivolous lawsuits, bankruptcy, angry spouses, spendthrifts) – Estate-tax-free … Read More “GRANTOR ACCESS TO IRREVOCABLE TRUSTS — EASE THE STRESS OF COMPLETED GIFTS” »
Category: About financial management
High Interest Rates Increase Market-Linked Growth of Cash-Value Life Insurance High bond interest rates accompanying currently high inflation enable increased growth of cash value in indexed universal life insurance (IUL) policies. This can provide peace of mind to IUL policy owners worried about inflation, recession and stock market crashes. Cash-value life insurance, particularly IUL, is … Read More “INDEXED UNIVERSAL LIFE INSURANCE (IUL) ADAPTS TO INFLATION AND HIGH INTEREST RATES” »
A dynasty trust enables a degree of personal autonomy that is otherwise hard to achieve in a global economy characterized by punitive tax rates, job concentration in hierarchic corporations and public-sector agencies, and increasingly precarious property and privacy rights. A well-designed dynasty trust provides to generations of beneficiaries at least the minimum material support necessary … Read More “Dynasty Trusts Guard Personal Autonomy in Hierarchic Society” »
Will tax rates be going up? What happens to retirement income when taxes increase? Currently, income tax and capital gains tax rates are at historically low levels. The US government debt is now $31+ trillion, with $170+ trillion unfunded liabilities. State and individual debt loads are similarly bad. How are various government entities going to … Read More “Tax-Free Income Making More Sense in Global Financial Crisis” »
Tax-Deferred Savings of $200K to $500K Annually for Business Owners, with Minimal Employee Costs Using a defined-benefit cash balance plan, solo and small business owners, professionals and profitable entrepreneurs can readily save three to ten times more than in traditional tax-deferred retirement savings plans, while minimizing the portion of total plan costs allocated to employees. … Read More “CASH BALANCE PLUS PLAN” »
Captive Insurance Company – Reduce Taxes and Build Wealth Summary: For a business owner paying taxes in the United States, a captive insurance company saves taxes, builds wealth and improves insurance protection. A captive insurance company utilizes two key tax benefits: insurance premium payments from a business to the captive insurance company are tax deductible; … Read More “Captive Insurance Company, CIC — Reduce Taxes and Build Wealth” »
Tax-Free Income through Life Insurance. Really? Initially, it might not seem to make much sense, but modern cash-value life insurance can be designed to produce tax-free income in the form of loans from the life insurance company to the policy owner, while the life insurance policy itself serves as loan collateral. When the insured person … Read More “Tax-Free Income” »
An irrevocable life insurance trust (ILIT) is simply an irrevocable trust that owns a life insurance policy. A dynasty trust, also known as a GST, legacy or perpetual trust, is a flexible irrevocable trust that a trust grantor funds using lifetime exemptions for gift & estate and GST taxes. An irrevocable life insurance dynasty trust … Read More “Eliminate Taxes Forever using an Irrevocable Life Insurance Trust” »
Build Your Own “Pension Plan” with a Guaranteed Lifetime Annuity At the age of 65, an individual can expect to live about 25 years in retirement (a bit longer if married). Annuities generally provide at least several of the following benefits: • A guaranteed income for life you can never outlive • 100% principal protection … Read More “Lifetime Income — Build Your Own Pension” »
Private placement life insurance (PPLI) is an underutilized, but potentially versatile and highly efficient investment vehicle. It is useful not only for wealthy families. An individual or family having a net worth of only $1 million to $5 million is financially able to fund a PPLI policy. As with all life insurance policies under the … Read More “Private Placement Life Insurance, PPLI” »