Estate planning benefits everyone, not just the rich, by allowing people to maintain control over their property if they become incapacitated or die. An estate plan such as a living trust or will outlines wishes to avoid disputes and probate court. Without a plan, a court determines how assets are distributed, which may not be the person's wishes. A revocable living trust avoids probate by naming a trustee to manage assets, and is flexible to change over time. Lifetime gifting and estate tax considerations are important parts of a comprehensive estate plan.
Explore this presentation on ways to protect retirement assets and minimize the tax burden on assets so that a lifetime's savings is preserved for loved ones.
View Legal webinar - Estate Planning 2017 – Where are we at?Matthew Burgess
The pace of evolution of all aspects of estate planning has continued to intensify over the last 18 months. This presentation will use case studies to explore all key recent developments including:
1. the key estate planning related court decisions over the last 18 months
2. taxation and stamp duty changes
3. examples of the attitude of the Australian Taxation Office towards various estate planning strategies
4. bespoke planning opportunities
Explore this presentation on ways to protect retirement assets and minimize the tax burden on assets so that a lifetime's savings is preserved for loved ones.
View Legal webinar - Estate Planning 2017 – Where are we at?Matthew Burgess
The pace of evolution of all aspects of estate planning has continued to intensify over the last 18 months. This presentation will use case studies to explore all key recent developments including:
1. the key estate planning related court decisions over the last 18 months
2. taxation and stamp duty changes
3. examples of the attitude of the Australian Taxation Office towards various estate planning strategies
4. bespoke planning opportunities
Basics of Estate Planning and Special Needs Trusts with special guest speaker...mitoaction
Please join MitoAction as we welcome Annette Hines, Esq., founding partner of the Special Needs Law Group of Massachusetts. Ms. Hines will be speaking Wednesday, May 27, 2015 at 12 p.m. on the basics of estate planning and special needs trusts laws in the U.S.
An Overview of Some Sophisticated Estate Planning Strategies for individuals who are concerned about minimizing gift and estate taxes, and individuals who have specific goals such as transferring a business interest, providing for a favorite charity, or protecting assets from future creditors.
Please keep in mind that this presentation is intended only to give a general overview of some sophisticated planning strategies, and that these strategies are subject to various technical considerations. Some of them may or may not be appropriate in your particular situation, so you’ll need to consult your estate planning advisor to determine whether they are right for you.
This is a real basic presentations about the application of an Irrevocable Life Insurance Trust to estate planning. If you would like a copy of the slides with my in depth audio presentation, please email me at wardwilsey@wilseylaw.com
Consider the three primary goals of estate planning:
1. Direct how assets will be distributed at death.
2. Reduce or eliminate transfer taxes and probate costs.
3. “Piece of Mind” – Review every 3 to 5 years and major life events (three “phases” of estate planning).
View Legal webinar - Everything you need to know to deliver exceptional value...Matthew Burgess
Estate planning is the ‘new black' for many advisers. Indeed, adviser facilitated estate planning is one of the very few areas of the law where advisers and clients can work collaboratively and constructively.
View’s web-based estate planning platform is widely recognised as the solution of choice by leading advisers.
This session will explore the key ways financial advisers, accountants, risk advisers and other lawyers you can leverage View’s platform to radically improve their estate planning offerings – and in turn deliver client solutions that simultaneously create immediately profitable income streams for referrers.
This webinar will build on and explore in detail some of the estate planning strategies mentioned briefly in our 2016 adviser facilitation webinars. There is no need for you to have attended the previous webinars to get value from this webinar. For those who did attend the 2016 webinars, the vast majority of content in this webinar will be new.
The webinar recording is uploaded to our website - https://viewlegal.com.au/recorded-webinars/ under the heading ‘Free recorded webinars
Using Life Insurance in Charitable PlanningRussell James
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
Brian Poncelet Certified Financial Advisor from Oakville, Ontario give a presentation in Toronto, Ontarion Canada.
He talks about important financial decisions in life.
Enjoy the presentation and if you have any questions do not hesitate to contact Brian Poncelet at http://www.brianponcelet.com or http://www.brianponcelet.ca
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
Is planning for Long Term Care something that you have been putting off? Maybe never crossed your mind? Take a few minutes to look at "Long Term Care Planning 101" and learn about the three and only three ways to pay for care.
Basics of Estate Planning and Special Needs Trusts with special guest speaker...mitoaction
Please join MitoAction as we welcome Annette Hines, Esq., founding partner of the Special Needs Law Group of Massachusetts. Ms. Hines will be speaking Wednesday, May 27, 2015 at 12 p.m. on the basics of estate planning and special needs trusts laws in the U.S.
An Overview of Some Sophisticated Estate Planning Strategies for individuals who are concerned about minimizing gift and estate taxes, and individuals who have specific goals such as transferring a business interest, providing for a favorite charity, or protecting assets from future creditors.
Please keep in mind that this presentation is intended only to give a general overview of some sophisticated planning strategies, and that these strategies are subject to various technical considerations. Some of them may or may not be appropriate in your particular situation, so you’ll need to consult your estate planning advisor to determine whether they are right for you.
This is a real basic presentations about the application of an Irrevocable Life Insurance Trust to estate planning. If you would like a copy of the slides with my in depth audio presentation, please email me at wardwilsey@wilseylaw.com
Consider the three primary goals of estate planning:
1. Direct how assets will be distributed at death.
2. Reduce or eliminate transfer taxes and probate costs.
3. “Piece of Mind” – Review every 3 to 5 years and major life events (three “phases” of estate planning).
View Legal webinar - Everything you need to know to deliver exceptional value...Matthew Burgess
Estate planning is the ‘new black' for many advisers. Indeed, adviser facilitated estate planning is one of the very few areas of the law where advisers and clients can work collaboratively and constructively.
View’s web-based estate planning platform is widely recognised as the solution of choice by leading advisers.
This session will explore the key ways financial advisers, accountants, risk advisers and other lawyers you can leverage View’s platform to radically improve their estate planning offerings – and in turn deliver client solutions that simultaneously create immediately profitable income streams for referrers.
This webinar will build on and explore in detail some of the estate planning strategies mentioned briefly in our 2016 adviser facilitation webinars. There is no need for you to have attended the previous webinars to get value from this webinar. For those who did attend the 2016 webinars, the vast majority of content in this webinar will be new.
The webinar recording is uploaded to our website - https://viewlegal.com.au/recorded-webinars/ under the heading ‘Free recorded webinars
Using Life Insurance in Charitable PlanningRussell James
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
Brian Poncelet Certified Financial Advisor from Oakville, Ontario give a presentation in Toronto, Ontarion Canada.
He talks about important financial decisions in life.
Enjoy the presentation and if you have any questions do not hesitate to contact Brian Poncelet at http://www.brianponcelet.com or http://www.brianponcelet.ca
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
Is planning for Long Term Care something that you have been putting off? Maybe never crossed your mind? Take a few minutes to look at "Long Term Care Planning 101" and learn about the three and only three ways to pay for care.
Picture timeline on progress of the assignment.
Through “Paying It Forward”, our group managed to enrich the everyday lives of school children in SJK (T) Ladang Ebor by building and revamping a new playground for them. Our aim is to emphasize that playtime for children is equally as important as studying and that they have every right to have access to a proper, functioning playground. Playing is essential for children’s development so we decided that by building a playground out of tires, we can indirectly teach them to be resourceful with common objects and understand that recycling is important.
Also, we wanted to showcase the fact that you can indeed re use previously “unwanted” and “old” materials such as how we utilized the tires for a jungle gym, stepping stone and flower pots.
Tires are among the largest and most problematic sources of waste, due to their wide usage and their durability. Every year, it is estimated about 259 million tires are simply discarded to junkyards or burned for fuel value because most people find that tires don’t have any other purpose besides protecting their car’s rims. We figured that if we obtained used tires we could give them a second chance by re-using them to build something fulfilling for the children.
The duties that we needed to perform for this movement is to put together a playground by using tires. When the structures were complete, we will involve the children in making their playground beautiful by painting the dull black tires colourful with as many colours as possible, as well as paint a mural. We've estimated to need a minimum of 10-12 hours (split evenly on weekends as we have classes on the weekdays).
This case study calls for us to further develop our community skills. By working in teams we learnt to enhance our team work abilities. We’ve created and adapted schemes that allowed us to benefit from the knowledge of our team members. These skills we learnt are crucial in our ability to develop good professional design practice in the near future. Therefore, participating in this project thought us not only to engage with the theme assigned to us, but also to embrace, analyse and ponder upon the concepts of community as its member ourselves. Through collaborative and dynamic movements, we have gained a profound understanding of our environment and our responsibility as community, as we strive to continue practicing real-world problem solving challenges using creative ideas.
this is about the application of nanotechnology in agriculture. that how we can secure the growth of plants and crops and make our crops better. in this ppt the use of nano-particles has discussed to avoid different pests and diseases by ruining the crops.
At Price & Kelway we get the job done, expertly.
Our clients are businesses and individuals who value clear advice and affordable solutions. They trust our team of specialist solicitors to provide the best legal support, whenever and wherever it is needed.
And we deliver, every time
Our philosophy is simple. Clients deserve legal support which is clear, within budget and effective. So we promise three things:
- Solicitors who speak your language
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Kelvin Leibold - Intergenerational Transfer and Estate PlanningJohn Blue
Intergenerational Transfer and Estate Planning - Kelvin Leibold, ISU E&O Farm Management, from the 2014 Iowa Cattle Industry Convention, December 8 - 10, 2014, Des Moines IA, USA
More presentations at http://www.trufflemedia.com/agmedia/conference/2014-iowa-cattle-industry-convention
According to Skeeles and Cunningham from the Ohio State University Extension, estate planning ensures that the welfare of a loved one is secured even after his or her death. However, the majority of Americans do not have a plan or a will. Why? No one likes to think or talk about his or her own demise, and our loved ones don’t want to hear about this subject either. Another reason is that the majority of us do not fathom the idea of planning an estate.
Discover the importance of estate planning for seniors in Toronto. Learn about wills, executors, and more. Contact Sharp Asset Management for expert advice.
The importance of estate planning. Dying without a will, probate court, power of attorney - these matters and more are addressed in this presentation. Don't delay, plan today!
Trust Administration is the process people often find themselves in unexpectedly, after the death of a spouse or parent who created the trust prior to passing on.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
Visit Now: https://www.tumblr.com/trademark-quick/751620857551634432/ensure-legal-protection-file-your-trademark-with?source=share
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
Responsibilities of the office bearers while registering multi-state cooperat...Finlaw Consultancy Pvt Ltd
Introduction-
The process of register multi-state cooperative society in India is governed by the Multi-State Co-operative Societies Act, 2002. This process requires the office bearers to undertake several crucial responsibilities to ensure compliance with legal and regulatory frameworks. The key office bearers typically include the President, Secretary, and Treasurer, along with other elected members of the managing committee. Their responsibilities encompass administrative, legal, and financial duties essential for the successful registration and operation of the society.
Debt Mapping Camp bebas riba to know how much our debt
Estate planning
1. Estate Planning
Steven Cruz, CCEP
Certified Estate Planner
Life and Estate Planning
Serving the High Desert and San Bernardino
County Areas
(818) 939-1656
www.yourlifeandestateplanning.com
2. What does your estate consist of?
Money
Real Property
Personal
Property
Estate
3. Who benefits from estate planning?
• Just the rich?
• No… Estate planning is not just for the Rich.
The Rich benefit from advanced estate
planning, but simple estate planning can
benefit everyone, no matter their income
level.
4. What benefit come with an estate
plan?
• Maintain control of Property: You can
preserve assets to care for yourself or loved
ones, if you become incapacitated or die.
• Minimizes Disputes: Estates set out your
wishes, which are accomplished when you die
or when you say, thus avoids probate and
court, which avoid family disputes.
5. What happens if you become
incapacitated?
• Incapacity can happen at anytime, if you do
not have an estate plan, then the court will
take over your assets and a court appointed
guardian will have full control and will make
decision about your assets that might not be
what you want.
6. Ways to plan for incapacitation
Living Trust Places your wishes and
instructions in writing.
Allows trustee or
successor trustee to
manage assets.
Healthcare
Directive
Designates an agent to
act on your behalf,
regarding any medical or
health situations.
Power of
Attorney
Designates an agent to
act on your
behalf, regarding any
financial situations.
7. Real Property Management
• There are three ways to have property
transferred over without any court
interference.
• 1) Joint tenancy with the right of survivorship.
• 2) Community property with the right of
survivorship.
• 3) Place property in a trust and the successor
trustee or trustees gain the property or can
give the property.
8. What happens if you pass away
without an estate plan?
• Your assets will be frozen and placed in
probate court, whether married or not.
• Your property will be distributed by the Court
law, which may not be your wishes.
• Retirement Plans
(401(k), IRA’s, Pensions, Annuities) and Life
insurance will be distributed to your allocated
beneficiaries.
9. Basic estate plan
• Last Will & Testament:
• Allows you to direct how your assets are to be
distributed.
• Must be signed and witnessed by two non-
interested parties. Names an executor of your
will.
• Not flexible
• Subject to probate
10. Probate with a Will
• Executor is personally responsible for the
debts and distribution of property.
• Bank accounts/Real property are frozen
until probate is complete. Families can get
an allowance from the court in some cases.
• Requires accounting to the court (CPA Fees).
• Probate can take up to two (2) years to
complete.
• Probate can charge 8-10% of the assets and
will take their share before distributed.
• Attorney fees can add up.
• Executor can charge a fee.
• Death taxes
11. How to avoid probate?
• Make lifetime gifts to loved ones.
• Make sure all your Beneficiaries are
designated and updated (401(k), IRA’s,
Pensions, Stocks, Life insurance).
• Hold all real property with joint tenancy with
right of survivorship.
• Create and implement a revocable trust.
12. What is a Revocable trust?
• It is an agreement that determines how a
person’s assets are to be managed and
distributed during their lifetime and also upon
death.
• A revocable trust involves three parties:
– The Grantor: Creator
– The Trustee: Manager of the trust
– The Beneficiaries: Persons that receive property or
income from the trust.
13. Revocable Trust
• Flexible: Can be changed and amended.
• Controls property and assets.
• Protects against court interference when you
become incapacitated. Also, avoids probate, and
minimizes taxes and expenses of death (Probate
court cost, attorney fees, CPA fees etc…).
• Provides safeguards for yourself, your spouse,
your children, your parents and any other loved
one which you applied as a beneficiaries.
14. Lifetime Gifting
• Allows an individual to gift up to $14,000 in cash or
assets each year to each of as many individuals as they
want tax-free.
• Each individual has a maximum lifetime gift exclusion
of $5.34 million as of 2014, but will adjust each year to
inflation.
• For married couples the exclusion is $10.68 million.
• If one spouse dies, then the other spouse can use any
remaining gift tax exclusion that is left over from the
deceased spouse.
• Removes future appreciation of property from your
taxable estate.
15. Tax consideration
• $100,000 (Original Basis)
• $250,000 (Current Value)
• $150,000 (Appreciation)
• Gifting property during your
lifetime, the beneficiary is
obligated to pay capital gains
taxes on the full appreciated
value. In this example that
would be $150,000.
16. Estate tax consideration
• $100,000 (Original Basis)
• $250,000 (Current Value)
• $150,000 (Appreciation)
• Gifting property through a
trust, the beneficiary is obligated
to pay capital gains taxes on the
appreciated value that occurs after
death. In this example that would
be $0.
17. Many different types of strategies to
prepare for the future
• Estate planning has very easy simple strategies
and some very advanced strategies, most
people just need a simple one. Your needs
should to be assessed and evaluated by a
professional.
• Do not fail to plan, because when you fail to
plan, you plan to fail.
18. Ask yourself these questions
• Have I created a plan for my future?
• Have I created a plan for disability?
• Have I created a plan for incapacity?
• Have I created a proper plan to control my
assets after I pass?
• Does my current plan address all these
questions and how accurately do they reflect
my wishes?
19. We are profession and confidential
• Life & Estate Planning is a firm, that is focused on
educating individuals to the needs and risk of life
and the future.
• We offer free evaluations and options for all your
Life & Estate needs.
• We are a small firm and we focus on personability
& relationships.
• We wont just help you for a day, we will be here
for you for years and years.