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.
The document discusses the importance of estate planning and how life changes can necessitate revisions. It notes that key assumptions people often have about estate planning, such as living forever or never needing long-term care, are generally false. The document then provides examples of legal documents used in estate planning like wills, trusts, powers of attorney, and outlines factors to consider when creating or revising an estate plan.
The document provides a quote from Ambrose Bierce stating that death is not the end, as there often remains litigation over the estate. This suggests that even after death, disputes can arise regarding the distribution of one's assets and estate.
RENTA 2013 SUNAT #Renta2013SUNAT Caso Práctico para las rentas de Primera, Cu...Renta2013
La señora Carmen Flores y su esposo declaran sus rentas como sociedad conyugal. Generaron ingresos por el arrendamiento de varias propiedades inmuebles. Adicionalmente, la señora Flores obtuvo ingresos por su trabajo como psicóloga. El resumen detalla los ingresos anuales por alquiler de las propiedades, los pagos mensuales realizados, y los ingresos y retenciones de la señora Flores por su trabajo.
El documento describe el procedimiento de fiscalización tributaria llevado a cabo por la Administración Tributaria para verificar la correcta determinación de las obligaciones tributarias de los contribuyentes. La fiscalización puede modificar la determinación de la obligación tributaria realizada por el deudor cuando encuentre omisiones o inexactitudes. El procedimiento incluye la notificación de documentos como cartas, requerimientos y actas, y la exhibición y presentación de documentación por parte del fiscalizado.
From the Oklahoma law firm Cazes Roberts, PC:
A concise yet practical review of what Oklahoma estate planning is, why some would want to do Oklahoma Estate Planning and the tools used in Oklahoma Estate Planning.
P. Haans Mulder, an attorney and partner at Cunningham Dalman, P.C. specializing in estate and elder law, will host an estate planning workshop to discuss creating an estate plan. The workshop will cover the parts of an estate plan, the estate planning process, and the most common types of estate plans. Estate planning allows one to determine who receives assets after death, authorize medical decisions, reduce costs and stress for heirs, and potentially avoid probate. Plans range from $500-850 and involve collecting information, meetings, and document signing.
- Many people delay estate planning and do not appoint guardians for their children if they die. They also do not plan for what happens if no one claims their property after death.
- When creating a will and estate plan, it is important to consider all family relationships and dependents to ensure fair treatment. One should disclose all important relationships to their lawyer.
- Estate planning now also involves virtual assets like passwords, emails and online accounts. One needs to decide how these will be handled after death and ensure executors can access them.
El documento describe aspectos clave de la relación jurídica tributaria en Perú. Explica que la obligación tributaria nace cuando se realiza el hecho previsto en la ley y se extingue mediante el pago de la deuda. También define conceptos como acreedor tributario, deudor tributario, domicilio fiscal, intereses moratorios y formas de extinción de la obligación tributaria como el pago, devoluciones, prescripción y fraccionamiento de deudas.
The document discusses the importance of estate planning and how life changes can necessitate revisions. It notes that key assumptions people often have about estate planning, such as living forever or never needing long-term care, are generally false. The document then provides examples of legal documents used in estate planning like wills, trusts, powers of attorney, and outlines factors to consider when creating or revising an estate plan.
The document provides a quote from Ambrose Bierce stating that death is not the end, as there often remains litigation over the estate. This suggests that even after death, disputes can arise regarding the distribution of one's assets and estate.
RENTA 2013 SUNAT #Renta2013SUNAT Caso Práctico para las rentas de Primera, Cu...Renta2013
La señora Carmen Flores y su esposo declaran sus rentas como sociedad conyugal. Generaron ingresos por el arrendamiento de varias propiedades inmuebles. Adicionalmente, la señora Flores obtuvo ingresos por su trabajo como psicóloga. El resumen detalla los ingresos anuales por alquiler de las propiedades, los pagos mensuales realizados, y los ingresos y retenciones de la señora Flores por su trabajo.
El documento describe el procedimiento de fiscalización tributaria llevado a cabo por la Administración Tributaria para verificar la correcta determinación de las obligaciones tributarias de los contribuyentes. La fiscalización puede modificar la determinación de la obligación tributaria realizada por el deudor cuando encuentre omisiones o inexactitudes. El procedimiento incluye la notificación de documentos como cartas, requerimientos y actas, y la exhibición y presentación de documentación por parte del fiscalizado.
From the Oklahoma law firm Cazes Roberts, PC:
A concise yet practical review of what Oklahoma estate planning is, why some would want to do Oklahoma Estate Planning and the tools used in Oklahoma Estate Planning.
P. Haans Mulder, an attorney and partner at Cunningham Dalman, P.C. specializing in estate and elder law, will host an estate planning workshop to discuss creating an estate plan. The workshop will cover the parts of an estate plan, the estate planning process, and the most common types of estate plans. Estate planning allows one to determine who receives assets after death, authorize medical decisions, reduce costs and stress for heirs, and potentially avoid probate. Plans range from $500-850 and involve collecting information, meetings, and document signing.
- Many people delay estate planning and do not appoint guardians for their children if they die. They also do not plan for what happens if no one claims their property after death.
- When creating a will and estate plan, it is important to consider all family relationships and dependents to ensure fair treatment. One should disclose all important relationships to their lawyer.
- Estate planning now also involves virtual assets like passwords, emails and online accounts. One needs to decide how these will be handled after death and ensure executors can access them.
El documento describe aspectos clave de la relación jurídica tributaria en Perú. Explica que la obligación tributaria nace cuando se realiza el hecho previsto en la ley y se extingue mediante el pago de la deuda. También define conceptos como acreedor tributario, deudor tributario, domicilio fiscal, intereses moratorios y formas de extinción de la obligación tributaria como el pago, devoluciones, prescripción y fraccionamiento de deudas.
Financial Planning - Helping You Sail Successfully into the FutureFrank Wiginton
This document summarizes the key aspects of developing a comprehensive financial plan. It discusses that a financial plan should address goals, assets, debts, taxes, investments, insurance, estate planning and more. It outlines the multi-step process of developing a plan, including initial interviews, data gathering, analysis, draft reviews and implementation. It emphasizes that a good financial plan takes over 20 hours to fully prepare. The document also provides background on the author, Frank Wiginton, a certified financial planner who believes comprehensive planning is needed to make appropriate financial recommendations and decisions.
Liquid funds are open-ended mutual fund schemes that invest in short-term instruments like commercial papers, certificates of deposit, and treasury bills. They provide higher returns than savings accounts while maintaining liquidity. For example, liquid funds have recently delivered over 8% returns compared to 4% for savings accounts. Investing in liquid funds through reputable fund houses provides safety as the funds are regulated by SEBI and invest in low-risk short-term instruments. Key features include no lock-in periods, no entry or exit loads, and daily transparency of net asset values and returns. Liquid funds are suitable for wealth accumulation rather than creation and have minimal interest rate risk.
Do you have a written estate plan? If you do not have a written estate plan, including a will, power of attorney, and a healthcare surrogate designation/living will directive, now is the time to create one. If you have a written plan, perhaps it’s time for a review. By Jim Dressman, DBL Law
El documento describe las etapas del proceso de auditoría financiera: 1) Planificación, que incluye la planificación preliminar y específica; 2) Ejecución, que implica aplicar pruebas; y 3) Comunicación/Informe, que comprende emitir un dictamen y recomendaciones. Explica que la planificación preliminar se enfoca en obtener información general sobre la entidad mediante una visita previa, mientras que la planificación específica define las tareas concretas a realizar.
El documento presenta un resumen de las principales normas del Código Tributario Peruano. Explica que el Código Tributario es el cuerpo normativo base de la legislación tributaria del país y contiene 16 artículos en su Título Preliminar y 194 artículos adicionales. Luego resume brevemente los principios de legalidad, igualdad, no confiscatoriedad y respeto a los derechos fundamentales establecidos en la Norma I. Finalmente, resume otras normas relacionadas a la interpretación, modificación y vigencia de las normas tributarias.
World Financial Group provides financial services and products to help people achieve better financial futures. It uses a hybrid business model that rewards associates for both sales production and leadership in developing other associates. The opportunity allows associates to earn income through their own sales, overrides on other associates' sales, and residuals. World Financial Group focuses on serving middle-income individuals and families and provides training and support to help associates be successful.
El documento describe el procedimiento de fiscalización tributaria en Perú. Incluye la base legal, la facultad discrecional de fiscalización de la SUNAT sobre contribuyentes, y los tipos de fiscalización (parcial y definitiva). También detalla el inicio del procedimiento, documentos emitidos, plazos y efectos de la fiscalización definitiva según la ley tributaria peruana.
WFG Business Opportunity - Presented by MD Julio GerenaJulio Gerena
World Financial Group (WFG) is a financial services company that provides opportunities for people from all walks of life to start their own business selling financial products and services. WFG offers corporate support, training programs, and a business model where new associates are mentored. Associates can represent multiple insurance and financial companies, giving clients more choices. WFG seeks to help clients of all income levels effectively plan for their financial futures through tools like a financial needs analysis. The company believes in providing a path for people to realize their dreams and change their careers.
World Financial Group, Inc. (WFG) is a financial services marketing company whose affiliates offer a broad array of financial products and services in the U.S. and Canada. In the U.S., WFG's affiliates offer insurance products and Transamerica Financial Group offers securities and investment advisory services. In Canada, World Financial Group InsuranceAgency of Canada Inc. offers life insurance and other financial products, with some mutual funds offered through WFG Securities of Canada Inc.
La organización describe una caja rural como una empresa comunal cuya misión es mejorar la calidad de vida de las familias ofreciendo servicios de ahorro y crédito. Proporciona estos servicios para generar ingresos familiares, fomentar el ahorro y el acceso al crédito, y promover la solidaridad entre las familias.
A simple and revolutionary financial plan report that does something simple.Abhinay Gupta
This document provides an overview of Mr. XYZ's financial plan. It analyzes his current assets of Rs. 1.19 crores in fixed assets and Rs. 40 lacs in financial assets against total liabilities of Rs. 27.5 lacs, giving a current net worth of Rs. 1.32 crores. It then breaks down his annual income sources, expenses, savings and cash flows. Based on a risk assessment, it recommends an aggressive asset allocation of 70% in equities, 20% in debt and 10% in cash. Finally, it analyzes his financial goals for education, marriage, retirement and vacations, and provides suggestions to meet these goals through insurance plans and investment strategies.
Meaning, Schools of Hindu Law, Treatment of fee or salary earned by coparcener as director or partner, Remuneration paid by HUF to a member for conducting its business, Incomes not treated as HUF incomes, Partition of HUF, Deductions under section 80C to 80U applicable to HUF, Computation of Total income of HUF and Tax Liability.
1) The personal financial planning process involves 5 steps: evaluating your current financial health, defining goals, developing a plan of action, implementing the plan, and reviewing/revising the plan over time.
2) Financial goals should be specific, assign a cost, and have a target date. Goals can be short, intermediate, or long-term and help motivate sticking to the financial plan.
3) Developing a plan requires determining actions needed to achieve goals like cutting expenses, increasing income through career choices, starting to save and invest, and ensuring flexibility, liquidity, and protection from unexpected costs.
Los sistemas administrativos del IGV en Perú incluyen regímenes de retención, percepción y detracción que permiten recaudar el impuesto de forma anticipada. Estos mecanismos han ampliado la base tributaria y aumentado la recaudación del IGV al combatir la evasión fiscal. Los agentes de retención retienen una parte del IGV que les corresponde pagar a sus proveedores y lo entregan al fisco, sirviendo estos pagos anticipados como crédito en la liquidación mensual del impuesto.
GRUPO 1 NORMAS INTERNACIONALES DE AUDITORIA Y CONTROL DE CALIDAD.pptxYoncastilloquispe
Este documento habla sobre la historia y definición de la auditoría. Explica que los orígenes de la auditoría se remontan a la antigüedad cuando se registraban los cargamentos de los barcos para asegurar el pago de impuestos. Luego, en la Edad Media cobró importancia al surgir la necesidad de llevar registros de préstamos de forma imparcial. Actualmente, se contrata a auditores externos para que realicen una revisión detallada de los registros y aseguren que se lleven de forma adecuada
Este documento resume el Código Tributario Peruano, definiendo conceptos clave como tributo, características de los tributos, clasificaciones de los tributos, principios tributarios, exenciones, evasión tributaria, elusión, obligación tributaria y más. Explica que los tributos son prestaciones en favor del Estado establecidas por ley para financiar los gastos públicos y no constituyen sanciones, considerando la capacidad contributiva. Define impuestos, contribuciones y tasas, y cubre temas como potestad tributaria, vigencia de normas
This document provides an introduction to legacy and estate planning. It defines legacy and estate planning and outlines key aspects of planning like wills, trusts, probate, and minimizing estate taxes. It lists who should consider planning, including married couples, parents, business owners, and future millionaires. Finally, it provides a 10-step checklist for legacy and estate planning.
Financial Planning - Helping You Sail Successfully into the FutureFrank Wiginton
This document summarizes the key aspects of developing a comprehensive financial plan. It discusses that a financial plan should address goals, assets, debts, taxes, investments, insurance, estate planning and more. It outlines the multi-step process of developing a plan, including initial interviews, data gathering, analysis, draft reviews and implementation. It emphasizes that a good financial plan takes over 20 hours to fully prepare. The document also provides background on the author, Frank Wiginton, a certified financial planner who believes comprehensive planning is needed to make appropriate financial recommendations and decisions.
Liquid funds are open-ended mutual fund schemes that invest in short-term instruments like commercial papers, certificates of deposit, and treasury bills. They provide higher returns than savings accounts while maintaining liquidity. For example, liquid funds have recently delivered over 8% returns compared to 4% for savings accounts. Investing in liquid funds through reputable fund houses provides safety as the funds are regulated by SEBI and invest in low-risk short-term instruments. Key features include no lock-in periods, no entry or exit loads, and daily transparency of net asset values and returns. Liquid funds are suitable for wealth accumulation rather than creation and have minimal interest rate risk.
Do you have a written estate plan? If you do not have a written estate plan, including a will, power of attorney, and a healthcare surrogate designation/living will directive, now is the time to create one. If you have a written plan, perhaps it’s time for a review. By Jim Dressman, DBL Law
El documento describe las etapas del proceso de auditoría financiera: 1) Planificación, que incluye la planificación preliminar y específica; 2) Ejecución, que implica aplicar pruebas; y 3) Comunicación/Informe, que comprende emitir un dictamen y recomendaciones. Explica que la planificación preliminar se enfoca en obtener información general sobre la entidad mediante una visita previa, mientras que la planificación específica define las tareas concretas a realizar.
El documento presenta un resumen de las principales normas del Código Tributario Peruano. Explica que el Código Tributario es el cuerpo normativo base de la legislación tributaria del país y contiene 16 artículos en su Título Preliminar y 194 artículos adicionales. Luego resume brevemente los principios de legalidad, igualdad, no confiscatoriedad y respeto a los derechos fundamentales establecidos en la Norma I. Finalmente, resume otras normas relacionadas a la interpretación, modificación y vigencia de las normas tributarias.
World Financial Group provides financial services and products to help people achieve better financial futures. It uses a hybrid business model that rewards associates for both sales production and leadership in developing other associates. The opportunity allows associates to earn income through their own sales, overrides on other associates' sales, and residuals. World Financial Group focuses on serving middle-income individuals and families and provides training and support to help associates be successful.
El documento describe el procedimiento de fiscalización tributaria en Perú. Incluye la base legal, la facultad discrecional de fiscalización de la SUNAT sobre contribuyentes, y los tipos de fiscalización (parcial y definitiva). También detalla el inicio del procedimiento, documentos emitidos, plazos y efectos de la fiscalización definitiva según la ley tributaria peruana.
WFG Business Opportunity - Presented by MD Julio GerenaJulio Gerena
World Financial Group (WFG) is a financial services company that provides opportunities for people from all walks of life to start their own business selling financial products and services. WFG offers corporate support, training programs, and a business model where new associates are mentored. Associates can represent multiple insurance and financial companies, giving clients more choices. WFG seeks to help clients of all income levels effectively plan for their financial futures through tools like a financial needs analysis. The company believes in providing a path for people to realize their dreams and change their careers.
World Financial Group, Inc. (WFG) is a financial services marketing company whose affiliates offer a broad array of financial products and services in the U.S. and Canada. In the U.S., WFG's affiliates offer insurance products and Transamerica Financial Group offers securities and investment advisory services. In Canada, World Financial Group InsuranceAgency of Canada Inc. offers life insurance and other financial products, with some mutual funds offered through WFG Securities of Canada Inc.
La organización describe una caja rural como una empresa comunal cuya misión es mejorar la calidad de vida de las familias ofreciendo servicios de ahorro y crédito. Proporciona estos servicios para generar ingresos familiares, fomentar el ahorro y el acceso al crédito, y promover la solidaridad entre las familias.
A simple and revolutionary financial plan report that does something simple.Abhinay Gupta
This document provides an overview of Mr. XYZ's financial plan. It analyzes his current assets of Rs. 1.19 crores in fixed assets and Rs. 40 lacs in financial assets against total liabilities of Rs. 27.5 lacs, giving a current net worth of Rs. 1.32 crores. It then breaks down his annual income sources, expenses, savings and cash flows. Based on a risk assessment, it recommends an aggressive asset allocation of 70% in equities, 20% in debt and 10% in cash. Finally, it analyzes his financial goals for education, marriage, retirement and vacations, and provides suggestions to meet these goals through insurance plans and investment strategies.
Meaning, Schools of Hindu Law, Treatment of fee or salary earned by coparcener as director or partner, Remuneration paid by HUF to a member for conducting its business, Incomes not treated as HUF incomes, Partition of HUF, Deductions under section 80C to 80U applicable to HUF, Computation of Total income of HUF and Tax Liability.
1) The personal financial planning process involves 5 steps: evaluating your current financial health, defining goals, developing a plan of action, implementing the plan, and reviewing/revising the plan over time.
2) Financial goals should be specific, assign a cost, and have a target date. Goals can be short, intermediate, or long-term and help motivate sticking to the financial plan.
3) Developing a plan requires determining actions needed to achieve goals like cutting expenses, increasing income through career choices, starting to save and invest, and ensuring flexibility, liquidity, and protection from unexpected costs.
Los sistemas administrativos del IGV en Perú incluyen regímenes de retención, percepción y detracción que permiten recaudar el impuesto de forma anticipada. Estos mecanismos han ampliado la base tributaria y aumentado la recaudación del IGV al combatir la evasión fiscal. Los agentes de retención retienen una parte del IGV que les corresponde pagar a sus proveedores y lo entregan al fisco, sirviendo estos pagos anticipados como crédito en la liquidación mensual del impuesto.
GRUPO 1 NORMAS INTERNACIONALES DE AUDITORIA Y CONTROL DE CALIDAD.pptxYoncastilloquispe
Este documento habla sobre la historia y definición de la auditoría. Explica que los orígenes de la auditoría se remontan a la antigüedad cuando se registraban los cargamentos de los barcos para asegurar el pago de impuestos. Luego, en la Edad Media cobró importancia al surgir la necesidad de llevar registros de préstamos de forma imparcial. Actualmente, se contrata a auditores externos para que realicen una revisión detallada de los registros y aseguren que se lleven de forma adecuada
Este documento resume el Código Tributario Peruano, definiendo conceptos clave como tributo, características de los tributos, clasificaciones de los tributos, principios tributarios, exenciones, evasión tributaria, elusión, obligación tributaria y más. Explica que los tributos son prestaciones en favor del Estado establecidas por ley para financiar los gastos públicos y no constituyen sanciones, considerando la capacidad contributiva. Define impuestos, contribuciones y tasas, y cubre temas como potestad tributaria, vigencia de normas
This document provides an introduction to legacy and estate planning. It defines legacy and estate planning and outlines key aspects of planning like wills, trusts, probate, and minimizing estate taxes. It lists who should consider planning, including married couples, parents, business owners, and future millionaires. Finally, it provides a 10-step checklist for legacy and estate planning.
I created several art pieces during my senior year of high school. These included charcoal drawings of landscapes from photographs I took, as well as acrylic paintings inspired by Impressionist works. Overall, my high school art experience helped me develop my skills in various media and styles as I explored different artistic interests.
Declarar fundadas las Tachas formuladas por los ciudadanos señalados en el visto
de la presente resolución; Improcedente la solicitud de inscripción de la fórmula presidencial del
partido político “Todos por el Perú”, presentada por el Personero Legal Titular, Jean Carlos Zegarra
Roldán; y en consecuencia, Nula la Resolución Nº 002-2016-JEE-LC1/JNE de fecha 24 de febrero de
2016, que admitió y publicó la solicitud de inscripción de la fórmula para la Presidencia y
Vicepresidencias de la República de la organización política “Todos por el Perú”.
Este documento resume los avances en la educación secundaria en el Reino Unido en las décadas de 1920 y 1930. La demanda de educación secundaria aumentó a medida que la sociedad comprendió mejor sus beneficios. Aunque la oferta no podía satisfacer toda la demanda, se lograron progresos importantes siguiendo lineamientos establecidos antes de 1918. El informe Hadow de 1924 recomendó la reorganización de las escuelas secundarias para mejorar la educación de los adolescentes. Aunque el gobierno no aplicó completamente estas
This document is an application for the GITAM Admission Test (GAT) submitted by Kanaparthi Prem Kumar. It provides his personal details such as name, date of birth, gender, category, address, phone number, email, and test center preferences. It also lists the subjects - Physics, Chemistry and Mathematics - that he will take in the examination. Finally, it provides details of the application fee payment including the demand draft number, date, amount and bank from which it was issued. Upon submission, the applicant receives a confirmation that his application has been registered for GAT 2016 and he should take a printout for future reference.
This document provides an overview of version control and administration using Subversion (SVN). It discusses SVN concepts like checkout, add, commit, update, tag and branch. It explains how to set up an SVN repository using TortoiseSVN, add and modify files, and take backups and restores of the repository. It also covers hook scripts that can be used for pre-commit validation and post-commit notifications.
The document discusses tinkering as an intentional learning process. It explores how tinkering involves iterating with open-ended exploration of materials. The document references theorists like Papert who saw learning through making and taking charge as most effective. It discusses early educators like Froebel who incorporated tinkering into kindergarten using gifts. The goal of tinkering is to have a low floor, high ceiling, and wide walls to develop a wide range of ideas. The document provides examples of technologies like PicoCricket that support tinkering.
The document discusses the importance of having a will and the consequences of dying without one. It notes that up to 70% of UK adults do not have a valid will. Dying without a will means that inheritance will be determined by intestacy laws, which may lead to unexpected inheritance and guardianship outcomes. The document encourages taking action now to engage a professional will writer and ensure your assets are passed to the people and causes you want through a will.
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.
Women, in Estate Planning, You Are the Last ResortDolf Dunn
Because women usually outlive their male counterparts by an average of almost 5 years, making sure both you and your husband's estate documents are completed is crucial. I truly believe if you love someone, you will deal with your own mortality and get your estate documents completed! It is not about you, it is about the people you love most.
Estate Planning For Homosexual & Lesbian Couple SElba44Fontaine
This document discusses the importance of estate planning for homosexual and lesbian couples. It notes that without a will or other legal arrangements, a partner would not be able to inherit assets or make decisions about a deceased partner's estate. It provides details about what can happen without a will, such as property going to biological family instead of a partner. It also discusses other important legal documents like powers of attorney to allow a partner to manage assets if one becomes disabled.
This document provides summaries of three articles:
1) How divorce can affect Social Security retirement benefits. Even if divorced, one may still collect benefits from an ex-spouse's record if certain requirements are met, such as a marriage of 10+ years. Benefits are 50% of the ex-spouse's amount but may be reduced depending on the recipient's own earnings record and age of claiming. Remarriage can also impact eligibility for ex-spousal benefits.
2) An overview of probate, the legal process for distributing assets after death according to a will. Probate can be slow, costly and public. Ways to avoid probate include joint ownership, beneficiary designations, trusts
This document discusses will drafting and estate planning. It explains that without a will, your assets will be distributed according to intestacy laws rather than your preferences. It provides information about drafting a will, including costs of P2,500, appointing beneficiaries, and ensuring the will is properly signed and stored. It also discusses other estate planning tools like trusts, life insurance, and tax planning to protect assets for loved ones.
This document discusses will drafting and estate planning. It explains that without a will, your assets will be distributed according to intestacy laws rather than your preferences. It provides information about drafting a will, including costs of P2,500, appointing beneficiaries, and ensuring the will is properly signed and stored. It also discusses other estate planning tools like trusts, life insurance, and tax planning to protect assets for loved ones.
Family protection trust can protect assets form third party claims and the inland revenue. But this needs to be the right sort of trust and advice should be sought. Without the correct Trust and proper advice any plan could backfire.
Smart money september october_2103_issue_singles_perOliver Taylor
Financial adviser client newsletters
Client-facing personalised newsletters are an exceptional and proven vehicle for strengthening relationships with clients. There has never been a more important time, especially during this current economic climate, for professional financial advisers to consider the benefits of using a newsletter to communicate with their clients or professional connections.
Client retention and the loss of hard-earned clients
In these post-RDR times, one of the biggest concerns facing many professional financial advisers is client retention and the loss of hard-earned clients to another competitor. To ensure that this doesn't happen to your business, our advice is that you need to do everything possible to stay engaged with your clients and keep reminding them about why they chose you in the first place.
You don't have to waste your valuable time
Goldmine Media do everything for you, so you don't have to waste your valuable time and effort putting your own newsletter together. We take care of the editorial and imagery selection, right through to the print and delivery to you, and can even post each copy directly to your clients with a covering marketing letter in a high-grade polywrap.
Personal finance subjects presented in a clear and engaging way
Our carefully designed newsletters feature your business name, logo (photograph if required), contact details and regulatory statement, and we present even the most complex of personal finance subjects to your clients in a clear and engaging way.
Newsletters are printed on superior-quality paper and are a perfect time-saving marketing channel that will enable professional financial advisers to deliver increased revenues for their business.
The importance of an estate plan:
Estate planning is the only viable way to protect your assets, reduce tax obligations, avoid probate and provide financial security and peace of mind to your family. We prepared this eBook for educational purposes only. It should not be construed as legal advice or a legal opinion as to any specific facts or circumstances. Contact www.Drizinlaw.com
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 pamphlet which is based on Wisconsin law is issued to inform and not to advise. No person should ever apply or interpret any law without the aid of a trained expert who knows the facts, because the facts may change the application of the law.
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 describes the benefits of a living trust over a will. It explains that a living trust avoids probate, which can be an expensive and lengthy legal process after death. A living trust also maintains privacy and allows assets to pass directly to beneficiaries without delay. The document provides an overview of the contents and benefits of the Heritage Living Trust documents, which establish a revocable living trust and provide instructions for estate settlement.
This newsletter from Cedar Point Financial Services provides information on estate planning, retirement strategies, taxes, and disability insurance. The main article discusses the various purposes that wills can serve, such as distributing property after death, nominating guardians for minor children, nominating an executor, specifying how to pay taxes and expenses, and creating trusts. Other sections provide tips for year-end tax planning, summarize myths about group disability insurance, and ask how much should be borrowed for college.
Proper estate planning through tools like wills, trusts, and life insurance can help protect a family's assets and save them money during their most vulnerable time. While estate planning can seem complicated, an experienced attorney can help craft customized solutions like wills and powers of attorney to meet a client's specific needs and save their heirs time and money. Creating a trust allows grantors more control over how and when heirs receive assets, which is especially important if they are too young to be responsible for the inheritance.
Explanation of a Revocable Living Trust Agreement.newSue Reid
A revocable living trust allows an individual to manage their property during their lifetime and designate how the property will be distributed after their death. The individual serves as the donor, beneficiary, and trustee during their lifetime. They can name successor trustees to take over management of the trust if they become incapacitated. A funded trust holds title to the individual's assets, while an unfunded trust relies on the individual's will to distribute assets after death. A revocable living trust does not avoid probate costs, taxes, or nursing home costs during the individual's lifetime but can speed distribution of assets after death.
This document provides information about estate planning documents and strategies. It discusses durable powers of attorney, health care proxies, living wills, probate vs. non-probate assets, trusts, guardianships, and intestacy. The key points are that everyone needs an estate plan to determine who receives assets and makes medical decisions; proper planning can avoid costs and ensure wishes are followed. It also warns that do-it-yourself plans can have unintended consequences, so consulting experts is recommended.
1. LEGAL SOLUTIONSFOR YOU ANDYOUR BUSINESS
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effectively, now and for the future.
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2. YOU’RE NEVER
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PLANNING
FOR BEING
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?KNOWUK INDIVIDUALS SPEND
MORE THAN ANYTHING THESE
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ON LEGAL ADVICE,
OFTEN IN STRESSFUL
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Getting your personal and financial affairs in order can often seem daunting
and complex. With a little foresight and forward thinking you can look
towards a future that retains your wealth and reflects your wishes with a
greater degree of certainty and confidence.
HOW WE DO THIS
We provide accurate advice and use practical
solutions within; Wills, probate and estate
administration, Inheritance Tax planning, Lasting
and Enduring Powers of Attorney and trusts.
PRIVATE CLIENT SERVICES
HELPING FAMILIES ACCESS THE BEST POSSIBLE
ADVICE FOR THEM AND THEIR LOVED ONES
WHAT MAKES US DIFFERENT
We aim to build productive, long term
relationships with our clients and their families.
There are often sensitive and difficult situations
to think about, and we promise to offer a friendly,
personal and confidential service that puts your
needs and wishes first.
4. WILLS
PUTTING YOU IN CONTROL OF HOW
YOUR MONEY AND POSSESSIONS WILL
BE DISTRIBUTED AFTER YOUR DEATH
WHY MAKE A WILL
Simply put, by making a Will
you are giving those you love
peace of mind for the future.
Provision can be made for all
members of the family, friends
and charities as you wish.
Choose who your Executors are
and ensure that it’s the people you
trust who administer your estate.
IF I DON’T HAVE A WILL
If you die without leaving a valid
Will you leave your estate in
uncertainty which can often lead
to stressful family disputes.
Without a Will, your family
could face a larger Inheritance
Tax bill than necessary.
Unmarried partners may not receive
anything from your estate, unless
you have made a Will in their favour.
GETTING IT RIGHT
The legal language around drafting
a Will can be complicated, and it
is easy to make mistakes which
is why using a solicitor can
spare you worry and stress.
Updating your Will is also
important if your circumstances
change; for instance if you
divorce, re-marry, have children
or set up your own business.
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60%
DID YOU
?KNOW
OF PEOPLE DON’T
HAVE A WILL.
THIS LEAVES LOVED
IS IT
ABOUT
TIME
YOU GOT
ROUND TO
SORTING
YOUR
WILL?
COMPLICATED
FINANCIAL MATTERS
WHICH OFTEN LEAD TO
DISPUTES.
FAMILY
AND EXPENSIVE
ONES TO DEAL WITH
6. “WE WERE VERY PLEASED WITH THE SERVICE
WE RECEIVED. ELSE MADE IT SO EASY FOR US.”
DID YOU
?KNOW
PEOPLE AGED
OVER 65 WILL DIE
WITH SOME FORM
OF DEMENTIA.
LOSING CAPACITY
1 IN 3
TO LOOK AFTER YOUR OWN
CONCERN.
LEGAL AND FINANCIAL AFFAIRS
IS A REAL
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POWERS OF ATTORNEY
GIVING YOU THE POWER TO CHOOSE WHO YOU WANT TO MAKE
THE IMPORTANT DECISIONS ABOUT YOUR WELFARE, MONEY
OR PROPERTY ON YOUR BEHALF
WHAT ARE ‘POWERS OF ATTORNEY’
Now called ‘Lasting Powers of Attorney’ (LPA), this powerful
document is often thought of as an insurance policy for the
future. Hopefully you will be able to deal with matters yourself
for as long as possible, but should you lose mental capacity to
do so, then you can be assured that it will be the people you
know and trust who will make the decisions for you.
Those who care for elderly friends or relatives may need help
and assistance in dealing with their money and belongings, and
also with decisions concerning their well-being and healthcare.
GETTING IT RIGHT
Preparing an LPA requires careful thought and planning and
specialist experience is often required in drawing up these
important documents. We can guide you through the process
and help you with the drafting of all the elements so that
sufficient protection is in place for you and your loved ones.
DEPUTYSHIPS
Both Deputyship Orders and Lasting Powers of Attorney
authorise someone to make decisions for somebody else.
The difference is that an LPA is made by someone who still has
mental capacity however a Deputyship is made by a court for
someone who has already lost that capacity.
HELP IS AT HAND
If you need to apply for a Deputyship Order, you will have the
best chance of success if the application has been properly
drawn up and submitted by a legal expert. At Else Solicitors we
are able to provide advice and help with preparing applications
to the court, obtaining the necessary medical evidence and
implementing the Order once it has been granted.
Our Private Client team will continue to support the Deputy after
their appointment including assistance with the preparation of
annual accounts if needed.
8. INHERITANCE TAX PLANNING
PLAN NOW TO PROTECT YOUR ASSETS
AND MAKE LIFE EASIER FOR THE
PEOPLE YOU CARE ABOUT
HOW MUCH IS INHERITANCE TAX
If you leave an estate valued at more than £325,000, your loved ones may have to pay 40% on
anything above that figure. Many people think that Inheritance Tax will not apply to their estate
when they die but investments and savings can put many people above the tax-free threshold.
DID YOU
?KNOWIT HAS BEEN ESTIMATED THAT
THIS COULD
£1.3BNIS BEING WASTED
IN UNNECESSARY
INHERITANCE
TAX PAYMENTS.
WHAT CAN BE DONE TO
REDUCE INHERITANCE TAX
There are specific allowances,
exemptions and reliefs which
may be available to you.
Another very popular way of reducing
the amount of tax paid can be to
place some assets into a trust.
Also by working with your legal adviser
and your accountant you can explore
the best ways of passing on as much as
you can to your chosen beneficiaries.
EFFECTIVE PLANNING
USING YOUR WILL
Special types of Wills can be drawn
up to further reduce the Inheritance
Tax bill. By placing a trust in your Will
you can leave assets to beneficiaries
who are exempt from Inheritance
Tax, such as a spouse or civil partner
or by leaving gifts to charities.
However it is worth noting, if you have
the wrong type of Will drawn up all the
tax benefits could be lost, so it is vitally
important you seek the advice of a
solicitor to ensure you get this right.
AVOIDEDWITH BASIC TAX
HAVE BEEN
PLANNING IN PLACE.
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TRUSTS
TRUST FUNDS ARE AN EXCELLENT WAY TO HELP
PROTECT YOUR LOVED ONES AND ENSURE THEY
CAN BE PROVIDED FOR IN THE FUTURE
WHY A TRUST
Trusts are generally made
for one of three reasons:
WHAT KINDS OF TRUSTS ARE THERE
There are many types of trusts for different purposes which each
have their own tax rules. Some of the most commonly created are:
• TRUSTS FOR MINORS -
under 18s
• PILOT TRUSTS -
for Inheritance Tax planning
purposes, intended to
receive pension funds or
the proceeds of a life policy
• LIFE INTEREST TRUSTS -
providing funds for the
lifetime of one person
• DISCRETIONARY TRUSTS -
where there are a number
of people who can benefit
at the trustees’ discretion
• TRUSTS FOR
DISABLED PERSONS -
specially designed to
give favourable tax
considerations
• CHARITABLE TRUSTS -
providing income for
charitable concerns
• BARE TRUSTS -
held for children or adults
unable to look after the
money themselves
• PERSONAL INJURY TRUSTS -
set up as discretionary
or bare trusts to benefit
someone who has received
a cash settlement following
injury to allow them to
continue receiving benefits
• DECLARATIONS OF TRUST -
used to define how proceeds
from the sale of property
would be split if one party
has put more into the
purchase than the other
1. PROTECTING YOUR ASSETS -
so they cannot be
sold in order to pay
for residential care
2. PROTECTING YOUR FAMILY -
ensuring vulnerable
loved ones are not left to
manage funds directly
but can still benefit
3. HELP REDUCE OR AVOID
INHERITANCE TAX -
ensure money, investments
and property are passed on
in the most tax efficient way
Setting up trusts can often
be a complicated process
but can have great benefits
for you and your family.
10. PROBATE ESTATE ADMINISTRATION
PROBATE SIMPLY PUT IS THE PROCESS WHEN APPLYING FOR
THE RIGHT TO DEAL WITH A DECEASED PERSON’S ESTATE
WHO DEALS WITH THE ESTATE
The administration of an estate is normally dealt with by the
Executors who are named in the Will. In order to collect assets,
sell property and wind up an estate, you would need to obtain a
Grant of Probate from court which confirms the executors’ legal
authority to manage the estate and deal with banks and
building societies.
WHAT IF THERE IS NO WILL
If there is no Will, the beneficiaries of the estate will be
determined by the Intestacy Rules, and it is only one (or more)
of these beneficiaries who can apply to be appointed as an
estate administrator. A court can appoint other people to take
on a similar role to Executors, but they have no authority to do
anything until Letters of Administration have been applied for
and are granted by a court.
HOW LONG DOES PROBATE TAKE
Once a Grant of Probate has been applied for it takes
approximately two weeks to be received. The administration
of an estate will usually take between four and six months,
however in some cases up to a year depending on the
complexities of the estate.
DEED OF VARIATION
If beneficiaries of a Will want to make an additional gift to
someone not named in the Will, or a charity, a Deed of Variation
may be the answer. This may avoid the tax consequences that
would apply if the money was just gifted.
We have many years experience in handling estates and can
give you the advice and support you need whether you are acting
as an Executor or Administrator. We can thoroughly explain
the benefits of Deeds of Variation and guide you through the
necessary processes, whether applying for Grant of Probate or
for Letters of Administration.
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