An estate planning guide provides an overview of strategies for individuals, including forming an estate planning team with professionals like attorneys and financial advisors. It discusses options like wills, trusts, life insurance, and how they can help minimize taxes, provide for family, and ensure one's wishes are followed. The guide emphasizes that estate planning through techniques like wills and trusts can help keep promises made to family by providing financial security even after death.
This document provides an overview of estate planning strategies and techniques. It discusses how forming an estate planning team with professionals like financial representatives, attorneys, accountants, and bank trust officers can help create a sound plan. Some key estate planning techniques discussed are wills, trusts, and life insurance trusts. The document also notes how the changing tax environment affects estate planning considerations. The goal of estate planning is to help keep promises to family by minimizing estate taxes, providing for heirs, and controlling asset distribution according to one's wishes.
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
The Best Way to Buy Sell or Replace Life Insurancefreddysaamy
http://ekinsurance.com/pennsylvania-life-insurance/
Traditionally, life insurance is purchased during your working years to replace your income for your family in case you died. But if you are retired, do you still need life insurance?
1. GenSource offers a structured income product called IncomeMax that provides guaranteed lifetime income payments along with growth opportunities.
2. IncomeMax allows contract owners to allocate funds across fixed and indexed strategies to generate tax-deferred growth while guaranteeing income in retirement.
3. The product provides guaranteed lifetime income payments equal to 7% of the contract value or guaranteed lifetime income value, whichever is greater, along with annual increases to protect against inflation.
1. The document provides information about financial planning services offered by Turenne Joseph, a financial advisor with Investors Group. It discusses various financial topics and risks women may face.
2. Building wealth, protecting assets, and planning for retirement and legacy are important topics to discuss with a financial advisor. Insufficient planning can leave one vulnerable.
3. Meeting regularly with a financial planner allows them to ensure one's investments, insurance, and estate plan align with their goals and risk tolerance over the long term. Asking the right questions is important to financial security.
Karen Sands discusses key challenges to retirement income and estate planning, focusing on income splitting and minimizing taxes. Income splitting can be done through investing in assets that generate capital gains for children or prescribing loans between family members. Tax can be deferred through RRSPs or paid at lower rates through capital gains, eligible dividends, or pension income splitting. Planning like setting up trusts can reduce taxes paid by heirs. Proper planning through income splitting and upon death can substantially reduce taxes paid over a lifetime and for heirs.
This document discusses using an irrevocable life insurance trust (ILIT) for estate planning purposes. It notes that ILITs are used to keep life insurance proceeds out of an insured's taxable estate to avoid estate taxes. It provides details on candidates for ILITs, how ILITs pay estate taxes by purchasing assets from the decedent's estate, issues to consider with transfers within three years of death, trustees, paying premiums through gifts or other methods, income and generation skipping transfer tax considerations, and summarizes key points about setting up an effective ILIT.
Asset Protection: Reducing Risk, Promoting Peace of Mind HayesLaw
Every American adult shares a dubious characteristiceach is a walking litigation target. Part of your birthright is that you may be sued at any time, for any reason, and for any amount.
This document provides an overview of estate planning strategies and techniques. It discusses how forming an estate planning team with professionals like financial representatives, attorneys, accountants, and bank trust officers can help create a sound plan. Some key estate planning techniques discussed are wills, trusts, and life insurance trusts. The document also notes how the changing tax environment affects estate planning considerations. The goal of estate planning is to help keep promises to family by minimizing estate taxes, providing for heirs, and controlling asset distribution according to one's wishes.
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
The Best Way to Buy Sell or Replace Life Insurancefreddysaamy
http://ekinsurance.com/pennsylvania-life-insurance/
Traditionally, life insurance is purchased during your working years to replace your income for your family in case you died. But if you are retired, do you still need life insurance?
1. GenSource offers a structured income product called IncomeMax that provides guaranteed lifetime income payments along with growth opportunities.
2. IncomeMax allows contract owners to allocate funds across fixed and indexed strategies to generate tax-deferred growth while guaranteeing income in retirement.
3. The product provides guaranteed lifetime income payments equal to 7% of the contract value or guaranteed lifetime income value, whichever is greater, along with annual increases to protect against inflation.
1. The document provides information about financial planning services offered by Turenne Joseph, a financial advisor with Investors Group. It discusses various financial topics and risks women may face.
2. Building wealth, protecting assets, and planning for retirement and legacy are important topics to discuss with a financial advisor. Insufficient planning can leave one vulnerable.
3. Meeting regularly with a financial planner allows them to ensure one's investments, insurance, and estate plan align with their goals and risk tolerance over the long term. Asking the right questions is important to financial security.
Karen Sands discusses key challenges to retirement income and estate planning, focusing on income splitting and minimizing taxes. Income splitting can be done through investing in assets that generate capital gains for children or prescribing loans between family members. Tax can be deferred through RRSPs or paid at lower rates through capital gains, eligible dividends, or pension income splitting. Planning like setting up trusts can reduce taxes paid by heirs. Proper planning through income splitting and upon death can substantially reduce taxes paid over a lifetime and for heirs.
This document discusses using an irrevocable life insurance trust (ILIT) for estate planning purposes. It notes that ILITs are used to keep life insurance proceeds out of an insured's taxable estate to avoid estate taxes. It provides details on candidates for ILITs, how ILITs pay estate taxes by purchasing assets from the decedent's estate, issues to consider with transfers within three years of death, trustees, paying premiums through gifts or other methods, income and generation skipping transfer tax considerations, and summarizes key points about setting up an effective ILIT.
Asset Protection: Reducing Risk, Promoting Peace of Mind HayesLaw
Every American adult shares a dubious characteristiceach is a walking litigation target. Part of your birthright is that you may be sued at any time, for any reason, and for any amount.
This document provides information on using life insurance for retirement and estate planning purposes. It discusses three main reasons why retirees may still need life insurance: 1) to replace a spouse's lost income if they pass away, 2) for estate planning to distribute assets or pay estate taxes, and 3) to maximize IRA or retirement plan distributions by leaving tax-free life insurance proceeds to heirs. The document then discusses how much life insurance retirees may need based on obligations and supporting future family income needs. It also provides strategies for using existing life insurance policies, such as 1035 exchanges to annuities or lower death benefit policies, to gain tax benefits and income. Finally, it discusses how life insurance trusts can be used to keep policy
This document provides a guide to avoiding common mistakes in retirement financial planning. It discusses underestimating life expectancy, relying on being able to work longer than planned, neglecting healthcare costs, accepting low investment returns, failing to monitor withdrawal rates, and not getting a second opinion on your financial plan. It then provides more details on generating retirement income, sources of guaranteed retirement income, protecting assets with various types of insurance, other retirement considerations like housing and healthcare, and the basics of estate planning.
The document discusses simple estate planning that can be done without a lawyer. It explains that estate planning aims to pass assets to heirs quickly and completely after death. Various tax implications of different assets are reviewed. The document recommends using life insurance and segregated funds with named beneficiaries to avoid probate fees and pass assets to heirs tax-free within 10-14 days of death. Contact information is provided for any additional questions.
This document discusses annuities as safe money products that can help preserve wealth and provide financial growth and secure retirement. It provides information on different types of annuities including fixed annuities, which offer guaranteed minimum interest rates and tax advantages, and variable annuities, which carry investment risk. The document outlines benefits such as tax deferral, death benefits, and guarantees as well as factors to consider like fees, liquidity, and maturity dates when evaluating annuities.
This document summarizes the legal services offered by Else Law, including wills and probate, powers of attorney, inheritance tax planning, trusts, and estate administration. It provides an overview of each service, explaining why they are important and how the firm can help clients get their affairs in order to plan for the future and ensure their wishes are carried out. The firm aims to build long-term relationships and provide a personal service tailored to each client's needs.
This document discusses estate planning objectives such as planning for disability or incapacity, developing a plan to distribute assets to minimize taxes, and considerations like who should make medical and financial decisions if incapacitated. It outlines documents like powers of attorney, living wills, wills and trusts. It also covers intestacy, probate vs non-probate assets, federal and state estate taxes, and the goals of estate planning such as providing for family and minimizing taxes.
Life Insurance Trusts and Charitable Planning Techniquesscoop85
Learn techniques to provide protection for life insurance proceeds against estate tax exposure and creditors, and how to integrate charitable planning techniques that benefit the client and their family as well as selected charities.
This presentation is about how to integrate charitable gift planning into your overall financial strategy in a way that will allow you to give to your favourite charities and reduce your overall taxes.
Tax letter overlooked strategy - transfer policy ownershipontario lifeline
relates to Fair Market Valuation of individual life policies in Canada either for transfer to individual's professional or business corporation or donation to a charity
The document provides tips for personal finance management. It discusses the importance of education for career success, creating budgets and savings plans, investing in assets like real estate that appreciate over time, using insurance to protect assets, and planning for retirement through Social Security, IRAs, 401ks, and estate planning with wills. The key steps outlined are taking an inventory of finances, tracking expenses, preparing a budget, paying off debts, starting savings, and only borrowing to purchase income-generating assets.
The document summarizes a cascading life insurance strategy that allows clients to transfer assets between generations while minimizing taxes. It involves purchasing a permanent life insurance policy where the client's adult child is the life insured and owner. The client's non-registered assets are transferred into the policy. Upon the client's death, ownership can be transferred to the adult child without estate taxes. The adult child can then access the cash value or maintain the policy to provide death benefits to the client's grandchild beneficiary, avoiding taxes and probate fees. Marketing materials are provided to help advisors explain the strategy to clients.
Planned Giving Opportunities with the Upcoming Transfer of Wealth (Pt. 1/2)West Muse
This document discusses planned giving opportunities for museums through bequests and other planned gifts as part of an upcoming transfer of wealth. It provides an overview of giving trends in the US, the amounts of wealth expected to be transferred between generations in the coming decades, and how different generations approach philanthropic giving. The document then discusses strategies for launching a planned giving program, overcoming challenges, identifying prospective donors, gift types and their tax benefits, and opportunities involving bequests, life insurance, retirement plans, and charitable gift annuities. Experts provide insights on these various planned giving tools and how nonprofits can utilize them.
This document discusses how permanent life insurance can be a tax-advantaged investment asset that provides growth potential, access to cash value through loans, and benefits for heirs. It provides an example comparing returns from life insurance to traditional investments like interest, dividends, and capital gains, showing that life insurance requires less capital and risk to achieve the same results due to its tax advantages. While collateral loans involve risk, permanent life insurance is positioned as an effective strategy for managing assets, accessing funds, and preserving an estate over the long term.
Kevin Brunner focuses on creating guaranteed retirement income for clients rather than chasing returns. He believes most financial advisors focus on growing assets for their own benefit rather than their clients' needs. Brunner works with small business owners, providing holistic advice on business structures and taxes. His goal is to maximize retirement income through tax efficiency and eliminating inefficiencies.
Blood transfusion involves the intravenous administration of whole blood or blood components to a patient. There are two main types of transfusion: homologous transfusion which uses blood from donors, and autologous transfusion which uses the patient's own previously collected blood. Transfusions are used to increase blood volume, red blood cell counts, provide clotting factors, and combat infections. Potential complications include hemolytic transfusion reactions, allergic reactions, circulatory overload, and infection transmission. Careful screening of donors and recipients can reduce risks, and any reactions should be monitored and reported promptly.
El documento describe el telescopio espacial Hubble, incluyendo sus características básicas como orbitar la Tierra a 593 km, ser visitado por astronautas para mantenimiento, y tener un espejo primario de 2,4 m. El Hubble ha realizado aportes a la humanidad al eliminar los efectos de la atmósfera terrestre y capturar imágenes y espectros del cielo con sus cuatro instrumentos.
The document discusses trends in cocktails, including classic cocktails served in vintage glassware and using unique ingredients to create modern cocktails. It also discusses bartenders collaborating with chefs to pair food and drinks and focus on using existing stock rather than acquiring more. The interviewee believes the perfect cocktail experience is about the atmosphere created by a skilled bartender who can engage guests in conversation.
This document introduces Easteros, a new forecasting analytics platform. It describes Easteros' architecture which uses cloud-based data warehouses and Hadoop clusters to run jobs. Easteros aims to provide simple gateways for users to submit and monitor jobs without needing to setup or maintain clusters. It uses a router service to automatically select clusters and submit jobs, making the big data software easier for analysts and scientists to use.
Larry Kittilsen has over 15 years of experience as a procurement professional in the aerospace and semiconductor industries. He has a proven track record of reducing costs through negotiation and building strong vendor relationships. His experience includes positions as an MRP buyer, production buyer, and planner where he implemented strategies to lower prices, improve inventory management, and streamline supply chain logistics.
This document provides information on using life insurance for retirement and estate planning purposes. It discusses three main reasons why retirees may still need life insurance: 1) to replace a spouse's lost income if they pass away, 2) for estate planning to distribute assets or pay estate taxes, and 3) to maximize IRA or retirement plan distributions by leaving tax-free life insurance proceeds to heirs. The document then discusses how much life insurance retirees may need based on obligations and supporting future family income needs. It also provides strategies for using existing life insurance policies, such as 1035 exchanges to annuities or lower death benefit policies, to gain tax benefits and income. Finally, it discusses how life insurance trusts can be used to keep policy
This document provides a guide to avoiding common mistakes in retirement financial planning. It discusses underestimating life expectancy, relying on being able to work longer than planned, neglecting healthcare costs, accepting low investment returns, failing to monitor withdrawal rates, and not getting a second opinion on your financial plan. It then provides more details on generating retirement income, sources of guaranteed retirement income, protecting assets with various types of insurance, other retirement considerations like housing and healthcare, and the basics of estate planning.
The document discusses simple estate planning that can be done without a lawyer. It explains that estate planning aims to pass assets to heirs quickly and completely after death. Various tax implications of different assets are reviewed. The document recommends using life insurance and segregated funds with named beneficiaries to avoid probate fees and pass assets to heirs tax-free within 10-14 days of death. Contact information is provided for any additional questions.
This document discusses annuities as safe money products that can help preserve wealth and provide financial growth and secure retirement. It provides information on different types of annuities including fixed annuities, which offer guaranteed minimum interest rates and tax advantages, and variable annuities, which carry investment risk. The document outlines benefits such as tax deferral, death benefits, and guarantees as well as factors to consider like fees, liquidity, and maturity dates when evaluating annuities.
This document summarizes the legal services offered by Else Law, including wills and probate, powers of attorney, inheritance tax planning, trusts, and estate administration. It provides an overview of each service, explaining why they are important and how the firm can help clients get their affairs in order to plan for the future and ensure their wishes are carried out. The firm aims to build long-term relationships and provide a personal service tailored to each client's needs.
This document discusses estate planning objectives such as planning for disability or incapacity, developing a plan to distribute assets to minimize taxes, and considerations like who should make medical and financial decisions if incapacitated. It outlines documents like powers of attorney, living wills, wills and trusts. It also covers intestacy, probate vs non-probate assets, federal and state estate taxes, and the goals of estate planning such as providing for family and minimizing taxes.
Life Insurance Trusts and Charitable Planning Techniquesscoop85
Learn techniques to provide protection for life insurance proceeds against estate tax exposure and creditors, and how to integrate charitable planning techniques that benefit the client and their family as well as selected charities.
This presentation is about how to integrate charitable gift planning into your overall financial strategy in a way that will allow you to give to your favourite charities and reduce your overall taxes.
Tax letter overlooked strategy - transfer policy ownershipontario lifeline
relates to Fair Market Valuation of individual life policies in Canada either for transfer to individual's professional or business corporation or donation to a charity
The document provides tips for personal finance management. It discusses the importance of education for career success, creating budgets and savings plans, investing in assets like real estate that appreciate over time, using insurance to protect assets, and planning for retirement through Social Security, IRAs, 401ks, and estate planning with wills. The key steps outlined are taking an inventory of finances, tracking expenses, preparing a budget, paying off debts, starting savings, and only borrowing to purchase income-generating assets.
The document summarizes a cascading life insurance strategy that allows clients to transfer assets between generations while minimizing taxes. It involves purchasing a permanent life insurance policy where the client's adult child is the life insured and owner. The client's non-registered assets are transferred into the policy. Upon the client's death, ownership can be transferred to the adult child without estate taxes. The adult child can then access the cash value or maintain the policy to provide death benefits to the client's grandchild beneficiary, avoiding taxes and probate fees. Marketing materials are provided to help advisors explain the strategy to clients.
Planned Giving Opportunities with the Upcoming Transfer of Wealth (Pt. 1/2)West Muse
This document discusses planned giving opportunities for museums through bequests and other planned gifts as part of an upcoming transfer of wealth. It provides an overview of giving trends in the US, the amounts of wealth expected to be transferred between generations in the coming decades, and how different generations approach philanthropic giving. The document then discusses strategies for launching a planned giving program, overcoming challenges, identifying prospective donors, gift types and their tax benefits, and opportunities involving bequests, life insurance, retirement plans, and charitable gift annuities. Experts provide insights on these various planned giving tools and how nonprofits can utilize them.
This document discusses how permanent life insurance can be a tax-advantaged investment asset that provides growth potential, access to cash value through loans, and benefits for heirs. It provides an example comparing returns from life insurance to traditional investments like interest, dividends, and capital gains, showing that life insurance requires less capital and risk to achieve the same results due to its tax advantages. While collateral loans involve risk, permanent life insurance is positioned as an effective strategy for managing assets, accessing funds, and preserving an estate over the long term.
Kevin Brunner focuses on creating guaranteed retirement income for clients rather than chasing returns. He believes most financial advisors focus on growing assets for their own benefit rather than their clients' needs. Brunner works with small business owners, providing holistic advice on business structures and taxes. His goal is to maximize retirement income through tax efficiency and eliminating inefficiencies.
Blood transfusion involves the intravenous administration of whole blood or blood components to a patient. There are two main types of transfusion: homologous transfusion which uses blood from donors, and autologous transfusion which uses the patient's own previously collected blood. Transfusions are used to increase blood volume, red blood cell counts, provide clotting factors, and combat infections. Potential complications include hemolytic transfusion reactions, allergic reactions, circulatory overload, and infection transmission. Careful screening of donors and recipients can reduce risks, and any reactions should be monitored and reported promptly.
El documento describe el telescopio espacial Hubble, incluyendo sus características básicas como orbitar la Tierra a 593 km, ser visitado por astronautas para mantenimiento, y tener un espejo primario de 2,4 m. El Hubble ha realizado aportes a la humanidad al eliminar los efectos de la atmósfera terrestre y capturar imágenes y espectros del cielo con sus cuatro instrumentos.
The document discusses trends in cocktails, including classic cocktails served in vintage glassware and using unique ingredients to create modern cocktails. It also discusses bartenders collaborating with chefs to pair food and drinks and focus on using existing stock rather than acquiring more. The interviewee believes the perfect cocktail experience is about the atmosphere created by a skilled bartender who can engage guests in conversation.
This document introduces Easteros, a new forecasting analytics platform. It describes Easteros' architecture which uses cloud-based data warehouses and Hadoop clusters to run jobs. Easteros aims to provide simple gateways for users to submit and monitor jobs without needing to setup or maintain clusters. It uses a router service to automatically select clusters and submit jobs, making the big data software easier for analysts and scientists to use.
Larry Kittilsen has over 15 years of experience as a procurement professional in the aerospace and semiconductor industries. He has a proven track record of reducing costs through negotiation and building strong vendor relationships. His experience includes positions as an MRP buyer, production buyer, and planner where he implemented strategies to lower prices, improve inventory management, and streamline supply chain logistics.
Ringkasan dokumen tersebut adalah:
1. Dokumen tersebut membahas tentang bilangan adi-adhia, yaitu bilangan baru yang dapat menghasilkan berbagai solusi dari suatu permasalahan melalui penggunaan operasi matematika.
2. Bilangan adi-adhia terdiri dari bilangan dasar dan bilangan hasil, dimana bilangan dasar adalah bilangan awal yang tidak dapat diubah sedangkan bilangan hasil dihasilkan melalui operasi matematika.
Ringkasan dokumen tersebut adalah:
1. Dokumen tersebut membahas tentang bilangan adi-adhia, yaitu bilangan baru yang dapat menghasilkan berbagai solusi dari suatu permasalahan melalui operasi bilangan matematika.
2. Bilangan adi-adhia terdiri dari bilangan dasar dan bilangan hasil, dimana bilangan dasar adalah bilangan awal yang tidak dapat diubah sedangkan bilangan hasil dihasilkan melalui operasi bilangan dasar.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Jenna Smithdale is seeking a new position and has provided her resume. She has over 10 years of experience in customer service roles, including as an optical assistant at Specsavers and in food preparation positions. She has strong skills in Microsoft Office, cash handling, stocking, and administration duties. She holds a Certificate III in Education Support and received her Western Australian Certificate of Education with honors. References are provided from her recent optical assistant and food service roles.
Leadership Pathways--women agricultural cooperative directorsBrian Lewis
This thesis examines the pathways of six women who have become directors of agricultural cooperatives. Through interviews, the women described their pre-nomination involvement in cooperative-related organizations which provided leadership development experiences. They were nominated by nominating committees, encouraged by others in their networks, and several had concerns about being elected. After election, some felt they were initially seen as tokens or had to prove themselves, but they gained acceptance from peers over time. Overall, their stories revealed that participation in cooperative-affiliated groups supported their leadership advancement within agricultural cooperatives.
- The document discusses the evolution of the concept of "human security" beyond just military defense, as described in a 2001 article by Roland Paris. It focuses on environmental factors like resource scarcity that can impact security.
- Thomas Homer-Dixon's article is cited, arguing that environmental problems like water scarcity, declining fisheries, and climate change could precipitate violent conflicts in the future if they become severe enough. Resource capture, ecological marginalization, and population growth are linked to conflicts over scarce resources.
- The document advocates for social ingenuity and education around sustainable practices like permaculture as potential long-term solutions to address resource insecurity and avoid future conflicts linked to environmental problems.
Though much derided by skeptics, short selling has proven it’s uncanny ability to indicate bubbles before they engulf the entire system. A great example of this was the post-2007 subprime crisis where short sellers, who realized the toxicity of these supposed AAA+ derivatives, started betting against them. Short selling is an important market feedback mechanism. In a bull market, participants tend to snap up products driven by exuberance rather than by due diligence. It is instances like there where a short seller intervenes and restores a semblance of sanity to the market.
In this PPT, Multi-Act explains the pros and cons of short-selling and how it can be used to ensure capital preservation.
Read More @ http://multi-act.com/the-long-n-short-of-it/
Website - http://multi-act.com/
Contact Us - http://multi-act.com/contact/
This Haiku Deck presentation contains 5 photos by different photographers with captions. The final slide encourages the viewer to create their own Haiku Deck presentation on SlideShare. In summary, the deck showcases photos while promoting the ability to make Haiku Deck presentations.
The document summarizes key concepts related to the international system, including:
1) It discusses different models of the international system including uni-polar, multi-polar, and power chaos. It also discusses the Kantian triangle of liberal beliefs about what creates world peace.
2) It analyzes international institutions like the WTO, IMF, World Bank and how they shape global economic and political relations. However, institutions are also subject to state influence and power dynamics.
3) It discusses the concept of crisis stability between states and how the threat of mutual assured destruction helped maintain stability between the U.S. and USSR during the Cold War. High crisis stability incentivizes peaceful solutions during conflicts.
Usama Al Ayouni is a mechanical engineer with over 20 years of experience in fields including real estate development, facilities management, maintenance and operations supervision, and oil and gas sales. He has worked for companies such as Al Nahdhah Al Omaniyah Group, Argan Towell Investments Co, Barka Desalination Plant, Salalah Sanitary Drainage Company, and Kanoo Group. His skills include project management, relationship building, communication, and safety supervision. He is fluent in Arabic and English.
Leanne Faraday-Brash gives advice on "Preaching to the Diverted" in 12 bullet points. She recommends acknowledging others' feelings without taking resistance personally, anticipating objections and preparing emotionally intelligent responses. Leaders should not allow people to become emotional vampires or use them as punching bags. The overall message is to engage others through understanding different perspectives and building connections, rather than lecturing or rescuing others.
La pandemia de COVID-19 ha tenido un impacto significativo en la economía mundial. Muchos países experimentaron fuertes caídas en el PIB y aumentos en el desempleo debido a los cierres generalizados y las restricciones a los viajes. Aunque las vacunas han permitido la reapertura de muchas economías, los efectos a largo plazo de la pandemia en sectores como el turismo y los viajes aún no están claros.
The document discusses various options for owning life insurance in an estate plan, including both personal ownership and ownership through an irrevocable life insurance trust. It notes that the standard recommendation is for a trust to own life insurance to avoid estate taxes, but that personal ownership may also make sense depending on an individual's circumstances. The document explores issues to consider regarding how life insurance fits into an estate plan based on an individual's needs, goals, and tax situation.
This is a presentation for Blue Edge Financial Planning for a post on their Facebook page.
It is their Spring newsletter.
You can follow them on Facebook at:
http://www.facebook.com/blueedgefinancialplanning
This document provides guidance on developing an investment strategy and preparing for unexpected risks. It discusses the importance of having life insurance, disability insurance, long-term care insurance, annuities, and umbrella liability insurance to protect against risks like untimely death, disability, long-term illness, outliving savings, and personal liability issues. The document also stresses reviewing protection strategies every 3-5 years and after life changes to ensure current needs are met.
Alpha Wealth is an independent financial advisory company based in Ireland. Their mission is to provide impartial financial advice and excellent customer service to individuals, families, and companies. They offer advice on savings and investments, financial planning, tax planning, insurance, pensions, retirement planning, business advice, and health insurance. The team of advisors at Alpha Wealth have over 50 years of combined experience in financial services.
Five Key Elements to protect your family and your legacy written by Lisa Detanna. Estate planning means ensuring that your assets will be applied to the objectives you choose, both now and in the future. Lisa Detanna collaborates with a diverse high net worth clientele that includes both individuals and organizations.
The document discusses the importance of estate planning through tools like wills, mandates of incapacity, and trusts. It notes that most clients do not have up-to-date wills and discusses strategies to avoid or defer taxes upon death like leaving assets to a spouse. It also describes helping a client set up a family trust to provide for their disabled child after their passing while transferring assets in a tax-efficient structure. Finally, it emphasizes that estate planning is important to avoid high tax liability and ensure one's wishes are followed but that clients often delay or avoid it due to time, costs, or discomfort with the subject.
The document provides 10 principles for developing a long-term financial strategy to protect a family's financial security. It recommends prioritizing protection through insurance, saving money regularly through employer plans or mutual funds, and keeping debt in check. It also suggests implementing a simple investment strategy with diversified holdings, understanding employee benefits, planning for education costs, utilizing tax-advantaged savings options, and seeking help from a financial professional. The overall goal is to develop a strategy to safeguard a family's standard of living and ability to achieve important goals.
PROTECT YOUR FAMILY’S FINANCIAL SECURITY IN TOUGH TIMEScutickfinancial
https://cutickfinancial.com - Financial security is the comfort of knowing your family’s standard of living is secure even when a life-changing event occurs. It is also about having the means to achieve your most important goals, like owning a home or sending your children to college. Many of us are working hard to reach those goals. Some of us may have achieved them. But ongoing economic turmoil has been a rude wake-up call for all of us. We have seen events beyond our control decimate our savings and retirement accounts, knock down the value of our homes and diminish our job security
The document discusses developing a "Plan for Financial Comfort" through an experienced financial advisor. This plan can help manage life events that cause stress by coordinating financial affairs. The plan aims to improve quality of life and family security. It outlines six steps to the plan, including cash flow management, tax reduction strategies, preserving income, retirement planning, college funding, and family protection through updated financial documents.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate your financial affairs during life events by developing strategies across six areas: cash flow management, tax reduction, income preservation, retirement planning, college funding, and family protection. The goal is to help improve your quality of life and family's security and financial health through comprehensive financial planning.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate one's financial affairs during life events like childbirth, job changes, or divorce by developing strategies across cash flow, taxes, retirement planning, college funding, and family protection. The goal is to help improve quality of life and family security through competent financial planning.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate your financial affairs during life events by developing strategies across six areas: cash flow management, tax reduction, income preservation, retirement planning, college funding, and family protection. The goal is to help improve your quality of life and family's security and financial health through comprehensive financial planning.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate one's financial affairs during life events like childbirth, job changes, or divorce by developing strategies across cash flow, taxes, retirement planning, college funding, and family protection. The goal is to help improve quality of life and family security through competent financial planning.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate one's financial affairs and manage complex life events by developing strategies across six areas: cash flow management, tax reduction, income preservation, retirement planning, college funding, and family protection. The goal is to significantly impact one's quality of life and family security through competent financial planning.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate your financial affairs during life events by developing strategies across six areas: cash flow management, tax reduction, income preservation, retirement planning, college funding, and family protection. The goal is to help improve your quality of life and family's security and financial health through comprehensive financial planning.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate your financial affairs during life events by developing strategies across six areas: cash flow management, tax reduction, income preservation, retirement planning, college funding, and family protection. The goal is to help improve your quality of life and family's security and financial health through comprehensive financial planning.
The document discusses developing a "Plan for Financial Comfort" through an experienced financial advisor. This plan can help manage life events that cause stress through competent financial planning strategies. It aims to improve quality of life and family security. The plan addresses cash flow, tax strategies, income preservation, retirement planning, college funding, and family protection through six steps to coordinate financial affairs and manage complex processes.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate your financial affairs during life events by developing strategies across six areas: cash flow management, tax reduction, income preservation, retirement planning, college funding, and family protection. The goal is to help improve your quality of life and family's security and financial health through comprehensive financial planning.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate your financial affairs during life events by developing strategies across six areas: cash flow management, tax reduction, income preservation, retirement planning, college funding, and family protection. The goal is to help improve your quality of life and family's security and financial health through comprehensive financial planning.
The document discusses developing a "Plan for Financial Comfort" with an experienced financial advisor. This plan would help coordinate your financial affairs during life events by developing strategies across six areas: cash flow management, tax reduction, income preservation, retirement planning, college funding, and family protection. The goal is to help improve your quality of life and family's security and financial health through comprehensive financial planning.
This poem expresses the intimacy and connection between two lovers. Their kisses and touches cause physical reactions like a racing heart and trembling mouth. Their love is described as a merging of souls and finding peace within each other. The act of making love is portrayed as a joyful experience that brings both partners to a point of vulnerability through trembling and weeping.
The document is a series of poems describing a deep blue abyss of love that is compared to a prison without walls, an ocean without water, a farm without flora, and touch without feeling. It explores the endless wandering and hunger within this abyss of love. A second theme is the deep blue abyss of needing to be touched, which is described as a pain screaming for relief and sending the author reeling backwards in a search to release and relieve the pain.
This document contains several short poems or passages exploring Jewish themes of faith, tradition, and the turning of seasons. The poems reference the shofar, Rosh Hashanah, the cycle of the months and holidays, the Kiddush cup, challah and honey for Rosh Hashanah. They emphasize themes of God's presence, the feminine divine, and finding purpose and praise through observing Jewish traditions and the cycles of nature and faith.
This document references drinking from a wedding cup, photo poems with the phrase "I love you", and cards related to a City of Refuge and Tower of Strength.
This document contains several poems exploring themes of spirituality, Judaism, and love. It references biblical figures like David and images from Passover traditions. The poems use vivid sensory language to describe scents, sights, and textures. Recurring imagery includes golden strings, towers of strength, and turning or cycles of renewal. Overall, the document presents a collection of spiritual and romantic poems reflecting on Jewish traditions, history, and faith.
The document contains several poems exploring themes of love, freedom, and Jewish traditions. In one poem, the speaker loves their partner from within the gates of Jerusalem, describing themselves as an acrobat dancing on a thin golden wire between the Old City and new while wearing flowing white robes. In another, the desperate sounding of the shofar calls people to repent before Yom Kippur, sobbing and pleading for people to turn away from cruelty and carelessness. A third poem discusses cleansing pots and pans in Jerusalem streets on the eve before Passover to prepare for the holiday.
The document describes different types of reflections seen at sunset including reflections of trees on water, dynamic reflections, reflections of tree stumps, crowned tree reflections, silhouetted reflections, reflections of the sky in a lake, and the sky reflected in a lake.
This document contains a collection of poems and passages about love and intimacy between various partners. Several poems express deep romantic love and desire between two people, with intimate imagery. One poem discusses how two people were "hired by God" to love each other. Another poem is about being held and comforted by a partner while sleeping. The overall theme is the experience and expression of love and intimacy between couples.
The document contains multiple poems and conversations discussing intimate relationships, desires, and fantasies. It explores themes of connection, longing, pleasure and merging between romantic partners through metaphorical language and sensory descriptions.
The document contains a collection of poems expressing love, longing, forgiveness and spirituality. The poems range from 3 lines to several paragraphs in length and utilize lyrical language, metaphor, and repetition to convey intense emotion. They address themes of intimacy, connection, comfort during hardship, and finding hope or divine meaning within. The collection reflects on the depth and complexity of human relationships and experiences.
The document is a collection of poems and passages from various authors expressing themes of love, connection to nature, spirituality, and endurance through hardship. It includes short messages between individuals expressing care for one another, reflections on the divine and finding oneself, as well as metaphors comparing personal growth to a pine tree breaking through obstacles.
You do not change in your constancy, with its attending hope. The power of your love has kept my options alive and the doors of today breathing with possibility. Such is the power of your love that everything feels possible.
The short note expresses affection from Sam to an unnamed recipient, stating "I love you" twice in three sentences total. Sam conveys caring feelings toward the other person in a brief but heartfelt message.
Personalized You Color Me With Your Kisses bookMigdal Eden
This document appears to be a collection of poems or passages about love and intimacy between two individuals. The pieces describe the deep connection and bond between the subjects, referring to them giving each other roses, feeling each other's presence, embracing, and more. Overall it conveys a theme of profound affection and devotion between two lovers.
I love you album cover number 3 landscapeMigdal Eden
I love you Yana. This short document expresses affection for an individual named Yana, stating that the author loves this person. In just a few words, the core message is a declaration of love and affection from the author to Yana.
I love you album cover number 2 landscapeMigdal Eden
This short document expresses affection for an individual named Tom, stating "I love You" twice with the second instance specifying that the love is directed towards Tom. The document appears to be a simple declaration of romantic love and affection for an individual.
This poem expresses deep feelings of love and connection between two people. The speaker feels anchored and soothed by their partner's voice. They find tenderness in realizing how tired their partner is and wanting to help and understand them. The final lines reflect feeling cared for and that the partner will be there to meet needs before they're even expressed. The poem conveys the intimate bond between the two through primarily focusing on the partner's voice, care for each other, and unspoken understanding.
These poems express deep feelings of love and intimacy between two people. Gentle physical and emotional intimacy is described through metaphors of waves, shores, kissing, embracing and holding each other. Recurring themes include desiring closeness, expressing how much one person means to the other, and feeling transformed by the other's love and presence.
1) The narrator is alone in a hotel room late at night, contemplating their loneliness after an encounter with a non-believing archangel.
2) The archangel kissed the narrator but denied having a soul or any connection to heaven, leaving the narrator feeling unwanted and without purpose.
3) Now alone, the narrator sees themselves reflected in the white orchids in the room, which stand silently in their pot, devoid of thought or emotion like the narrator feels. The narrator takes a photo of the orchids and themselves as a way to preserve the moment.
1. Estate Planning Strategies
An Overview Guide
for Individuals
Estate Planning
A way to help keep the promises you made
2. Contents
1 | A Sound Estate Plan
2 | Forming an Estate Planning Team
3 | Choosing the Option That’s Right
for You
8 | The Changing Tax Environment
The information provided is not written or intended as specific tax or legal advice and may not be relied on for purposes of avoiding any
federal tax penalties. MassMutual, its employees and representatives are not authorized to give tax or legal advice. Individuals are
encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an
estate planning team, including their own personal legal or tax counsel.
WeAllMakePromises
We promise to keep our families safe and secure even
after we’re gone. We promise to give our children all the
benefits of our own success. We promise ourselves that
their future will be free from financial worries.
In essence, estate planning can be the single best way to
make certain the promises you make are promises
you keep.
3. 1
We all have goals we want to meet during
our lifetime.The education of our children, a
comfortable and financially secure retirement,
and perhaps a new home or a second home.
Thefirststepofestateplanningistohelp
youplanfor–andrealize–theselifetime
goals.Itaddressesyourlegalandfinancial
concerns,takingintoaccountyourgoalsand
taxconsiderations.Italsotakesadvantageof
existinglawsandfundingvehiclestosaveyou
ontaxesandhelpmanageyourpropertyinan
efficientandprofitablewayduringyourlifetime.
Here are some of the more significant ways
estate planning can help you make certain
your family will get as much of your estate
as is legally possible.
Minimizes Estate Taxes
Depending upon your net worth, the federal government
may levy a substantial tax against the value of your estate. In
addition, many states impose their own separate tax at death
on their residents and on non-residents who own property
within the taxing state. Just as important, that tax is due
and payable before any property can be transferred to your
beneficiaries. With a well-conceived estate plan, some – or
even all – of this tax may be avoided.
Liquidity to Pay Estate Taxes
If your estate consists primarily of real estate, a business,
or other non-liquid assets, your heirs could end up cash
poor – and be forced to sell assets in order to pay taxes.
Estate planning can help by reducing your estate tax liability.
A solution is an estate plan that includes life insurance to
address your estate liquidity needs.
Protects Your Family’s Income
How will the members of your family support themselves
after you’re gone?A sound estate plan, including life
insurance for your beneficiaries’ financial protection, can
make certain they will be taken care of.
Provides Professional Asset Management
An estate plan that includes the creation of a trust can be
established to arrange for the professional management of
your assets on your family’s behalf.
Controls Distribution of Your Estate
Will your assets be distributed the way you want them to?
Your estate plan will help make sure your wishes are met.
ASoundEstatePlan
4. 2
Estate planning is a team effort. It involves
the talents and efforts of a number of
professionals – people you respect and trust.
Financial Services Representative
As a result of the unique features and tax advantages of life
insurance, your financial services representative is a key
member of your estate planning team.
Attorney
Your attorney would be responsible for making
sure that your intentions are carried out in legally
enforceable documents.
Accountant
Your accountant may provide tax advice and would be most
familiar with the extent and value of your assets.
Bank Trust Officer
If you have chosen to use a corporate trustee, you will want
to include the trust officer in your planning discussions.
Life insurance and an irrevocable life
insurance trust can give you extra advantages.
Life insurance plays a critical role in estate planning. It
provides cash to pay estate settlement expenses and taxes –
and it provides the capital to meet the financial needs of your
family. While it gives you the security of a death benefit, life
insurance can also be used to help you accumulate savings to
supplement your retirement income.
Lifeinsurancecoupledwithanirrevocablelifeinsurancetrust
canbeevenmoreadvantageousforyou,particularlyifthejoint
assetsofyouandyourspouseareworthmorethantwotimes
theapplicableexclusionamount.Thisistheusualcut-offpoint
whereyourheirscan,throughproperestateplanning,receive
yourassetswithoutpayingfederalestatetaxes.
An irrevocable life insurance trust offers several
unique advantages:
• The proceeds of the life insurance policy can be
insulated from estate taxes.
• Life insurance proceeds can pass income tax-free to
your beneficiaries.
• The premium may be gifted to the trust, and thereby
reduce the remaining taxable estate.
Since life insurance is such a vital part of your estate
planning needs, you should make sure you work with a
company that is an established leader in the field, such
as Massachusetts Mutual Life Insurance Company
(MassMutual). Furthermore, MassMutual’s representatives
are supported by a team of attorneys specializing in estate
and business planning, located in the home office.
ForminganEstatePlanningTeam
5. 3
ChoosingtheOptionThat’sRightforYou
Basic Estate Planning Techniques
Technique Definition Best Application Tax Pros/Cons Other Advantages Other Concerns
Will Alegalinstrument
throughwhichan
individualdisposesof
his/herproperty
at death.
AvalidWillisa
cornerstoneofany
estateplan.
Theindividualcan
maximizeuseofthe
unlimitedmarital
deductionandthe
applicableexclusion
amount.
Ensuresproperty
isdisposedper
individual’swishes;
allowsindividualto
stipulateguardianfor
minorchildren.
Propertypassing
throughaWillis
subjectto
probate fees.
Durable
Power of
Attorney
Alegalinstrument
grantingpowerto
anotherpartytoacton
theindividual’sbehalf.
LiketheWill,the
durablepowerisa
basicofallestate
plans,andparticularly
importantwithelderly
anddisabledclients.
Ifspecifically
authorizedinthe
instrument,theperson
givenpowerof
attorneycanmake
giftsandreducethe
principal’sestate.
Allowstheprincipalto
designatewhowillact
onhis/herbehalf
withoutprobatecourt
interventionshould
he/shebecome
incapacitated.
Mustadheretolawsof
particularjurisdiction.
LifeInsurance Acontractthat
providescashatthe
deathoftheinsured;
thecontractmayalso
provideforcash
accumulationduring
thelifeoftheinsured.
Lifeinsuranceisan
integralpartofestate
planningatallstages
oftheindividual’s
life cycle.
Deathbenefitpasses
tothebeneficiaryfree
ofincometaxesandif
ownedcorrectly,will
notbeincludedinthe
decedent’sestatefor
taxpurposes.
Lifeinsurancecan
provide:familyincome
intheeventof
prematuredeathofthe
individualand/or
spouse;cashvalueof
wholelifeinsurance
canhelptoprovidefor
children’seducation
and/orsupplemental
retirementincome;
andliquiditytopay
estatetaxes.
Balancingpremium
paymentsagainst
otherfinancial
obligationsaffecting
currentcashflow.
Qualified
Disclaimer
Arefusaltoacceptgift
orbequestbyintended
recipient.
Usedwheredonee/
beneficiaryofproperty
prefersthatsomeone
elsereceivesthe
property.
Propertyistreatedasif
itneverpassedto
originaldonee/
beneficiary.
Facilitatespostmortem
planning.
Disclaimer must be
an unqualified refusal
in writing received
by the donor within
nine months; the
beneficiary must not
accept the property;
property must pass to
either the decedent’s
spouse or someone
other than the person
disclaiming; person
disclaiming cannot
direct disposition.
9. 7
* The American Taxpayer Relief Act of 2012 made the estate, gift and generation-skipping transfer applicable exclusion amount of $5,000,000, as indexed
for inflation, permanent.
Other Advanced Estate Planning Techniques
Technique Definition Best Application Tax Pros/Cons Other Advantages Other Concerns
Living Will Alegaldocument
expressingan
individual’swishes
concerninglife-support
proceduresshouldthe
individualbecome
terminallyill.
Thelivingwillisan
importantcomponent
ofallestateplans.
None Thelivingwillallows
theindividualto
controlhisor
her destiny.
Theformatoftheliving
willdocumentmust
complywithstatelaw.
Gifts* Agratuitoustransferof
propertyduringthe
donor’slifetime.
Mostappropriatefor
transferringassets
thatwillsignificantly
appreciate.
Donorcangiftupto
valueofannualgifttax
exclusiontoeach
doneeperyearfreeof
gifttax;reducessizeof
taxableestate.
Removesappreciation
ofassetfrom
taxable estate.
Donor’slossofcontrol
overproperty.
Generation
Skipping
Transfers*
Transfersofpropertyto
aperson(s)twoor
moregenerations
belowthedonor.
Usedwhendonor
wantstopassproperty
tograndchildren/
great-grandchildren.
SubjecttoGeneration
SkippingTransferTax
unlesssome
permissible
exemption/exclusion
applies.
Canprovidecreditor
protectionfor
beneficiariesfor
generations.
Donor’slossofcontrol
overproperty.
Family Limited
Partnerships
and Family
Limited
Liability
Companies
Anassociationof
familymembersto
carryonabusinessfor
profit;normallythe
parentsarethegeneral
partnerswhooperate
theorganizationand
assumefullliability;
theyconveylimited
partnershipintereststo
otherfamilymembers.
WithLLCs,members
canmanagetheLLC
withoutexposureto
fullliability.
Usedtopassproperty
tofamilymembersat
discountedvalues.
Reductioninestate
taxessinceproperty
appreciation
transferredfromsenior
generation’staxable
estateanddiscounts
mayreducethevalue
ofgiftstofamily
member(s);reduction
inincometaxesif
limitedpartner-donees
areinlowertax
bracket.
Managementand
controloffamilyassets
remainvestedinsenior
familymembers.
Unlimitedliabilityof
generalpartnersifa
partnershipisused;
expenseof
establishinganFLP
orLLC.
10. 8
Other Advanced Estate Planning Techniques (Continued)
Changes made by the Tax Relief, Unemployment Insurance
Reauthorization, and Job CreationAct of 2010 (Tax Relief
Act of 2010), were made permanent by theAmerican
Taxpayer ReliefAct of 2012 (ATRA 2012).
Depending on the size of your estate and when you die,
you may need to be more concerned than ever about
estate planning.
Because there is no tax on assets inherited by a surviving
spouse, the estate tax exemption amount only works for
assets that do not pass to a husband or wife. Therefore, many
estate plans commonly transfer the maximum exemption
amount in a “bypass” trust that benefits the children or family.
Exemptions and Rates
The law “reunifies” and makes permanent, the federal estate,
gift and generation-skipping transfer tax laws and the tax
exemptions of $5,000,000 per person ($10,000,000 per
married couple). These amounts are increased and indexed for
inflation to $5,430,000 and $10,860,000 respectfully for 2015.
The tax rate on taxable estate, gift and generation-skipping
transfers in excess of the $5,430,000 exempted amount in
2015 is 40 percent.
TheChangingTaxEnvironment
Technique Definition Best Application Tax Pros/Cons Other Advantages Other Concerns
Charitable
Contributions
Gifttofavoritecharity. Usefulwhendonor
wantstobenefit
charitywhilealso
gainingincomeand
transfertax
advantages.
Donorreceivesincome
taxdeductionupto
50%ofadjustedgross
income;giftreduces
taxableestate.
Donor’ssatisfactionin
benefitingcharity.
Charitablegiftreduces
estatepassingto
donor’sheirs.
Installment
Sales & Self
Canceling
Installment
Notes (SCIN)
Salesmethods
wherebythepurchaser
paysforpropertyover
aperiodoftime.
Usefulforfreezing
valueofhighly
appreciatingproperty;
usedwhenpurchaser
cannotaffordfull
purchasepriceattime
ofpurchase.
Anycapitalgainsona
salecanberecognized
graduallybyseller;can
reduceestatetaxby
shiftingappreciationin
propertytoheirs;any
balanceremainingon
SCINatdeathofseller
iscanceledandnot
subjecttoestatetax
(butremaininggainis
taxableincometo
estate).ASCIN
requiresanadditional
premiumcosttobe
paidinorderforthe
balanceofnotetobe
cancelledatthedeath
oftheseller.
Providesflexibilityto
thesellerineither
spreadingout
recognitionofcapital
gainorimmediately
recognizing;gives
buyerflexibilityof
spreadingout
payments.
Withinstallmentsale,
anyinstallmentsdueat
deathofsellerare
includedinthe
seller’s estate.
11. 9
“Portability” of any Unused Estate Tax Exemption
The Deceased Spouses Unused EquivalentAmount
(DSUEA) is known as portability. It is the ability for a
surviving spouse to elect any unused exemption of the first
spouse to die. The surviving spouse must claim this right on
the Form 706 from the deceased spouses estate. It will
terminate if the surviving spouse remarries.
In the past, trusts – often referred to as by-pass trusts or
credit shelter trusts – were established to utilize the estate
tax exemption of the first spouse of a married couple to die.
Assets transferred to these trusts at the death of the first
spouse “bypassed” or were “sheltered” from estate taxation at
the death of the second spouse.
While this new provision has the potential to help simplify
estate tax planning for married couples, it should be noted
that there are benefits to using a bypass or credit shelter
trust that the portable exemption strategy does not offer,
including creditor protection and keeping the appreciation
or increase in value of trust assets out of the second spouse’s
taxable estate.
Tax Rates and Exemption Equivalents
Calendar Year Estate and GST Tax Deathtime Transfer Exemption Highest Estate and Gift Tax Rates (GST Tax Rate)
2001 $675,000forestatetax;
$1,060,000forGSTtax
55%,plus5%surtaxonestatesover$10million
2002 $1millionforestatetax;
$1,100,000indexedfrom2001forGSTtax
50%(andsurtaxrepealed)
2003 $1millionforestatetax;
$1,120,000indexedfrom2001forGSTtax
49%
2004 $1.5million 48%
2005 $1.5million 47%
2006 $2million 46%
2007 $2million 45%
2008 $2million 45%
2009 $3.5million 45%
2010 N/A(estateandGSTtaxrepealed) Gifttaxremains,equaltotopindividualincometaxrateof 35%
2011 $5million 35%
2012 $5,120,000 35%
2013 $5,250,000 40%
2014 $5,340,000 40%
2015 $5,430,000 40%