Do your heirs expect to inherit an old homestead property, a family cottage, a residence, your farm, an art collection, furniture, or business shares? They may have to be liquidated by the estate, perhaps at a loss, to pay any existing tax liability. Life...
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When a co-owner/partner dies, the surviving business owners usually have five options in dealing with the deceased owner’s business interest: 1. Buy-out the heirs of the partner with Life Insurance proceeds: This is usually the most preferred option. After...
Article Licenses: CA | DL | LI | UK | US
There are several reasons why people use Universal Life (UL) for estate planning. The death benefit is adjustable. The amount of life insurance can be increased or decreased to reflect your changing needs. If the death benefit remains level, eventually the...
Article Licenses: CA | DL | LI | TX | US
You and your heirs may think that all of your assets will pass over to them tax free. Let’s examine how estate taxation can erode the value of one’s property and cause business succession problems The Family Business Many successful family businesses...
Article Licenses: CA | LI | TX
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