beneficiary

Key Employee Life Insurance Checklist

Read our print-friendly PDF version The purpose of key employee life insurance coverage is to help indemnify a business for the loss of a key employee’s skills and experience in the event of the death of that person. Death benefits or cash values may be used to help recruit and train a replacement, to pay […]

Multi-Generational Estate Planning for Uninsurable Individuals

THE SITUATION A financial professional called DBS seeking estate planning advice for a very wealthy widow. The client had previously used most of her estate tax exemption and was still in good health . . . that is for a person 87-years old. THE PROBLEM Carriers have a maximum issue age which for most carriers […]

A Business Does Not Need to Die At the Death of a Key Employee

Read our print-friendly PDF version Businesses are born when the market has a need and someone has a great idea for meeting the need. A product or service is developed and offered to the public. Over time, the skill, knowledge, leadership, and experience of the business’s key people make it possible for it to grow […]

Options When the Policy is Ready but the Trust Is Not

Read our print-friendly PDF version Situation: The recent outbreak of the Coronavirus has caused many people to think about their own mortality, causing a surge in estate planning and the purchase of life insurance. As a result, we are receiving a renewed interest in one of the most common estate planning techniques – that of […]

The Many Ways to Structure a Gift Transfer

Read our print-friendly PDF version The combination of depressed market values, extraordinarily low AFR and 7520 rates, and historically high gift/estate exemption of $11,580,000 opens the door to significant wealth transfer planning opportunities for high net worth individuals and their families. While making a gift of an amount equal to a large part of, or […]

The SILVER LINING to COVID-19 Impact

Read our print-friendly PDF version Now is the Perfect Time for ESTATE PLANNING for Wealth Transfer.

Paycheck Protection Program: A Panacea or Fools Gold?

Read our print-friendly PDF version Since the Coronavirus Aid Relief and Economic Security (CARES) Act was passed by Congress and signed into law by President Trump on March 27, 2020 it has garnered considerable attention among financial advisors. The interest is due not only to its application to clients of the advisor, but also because […]

Unwinding 2020 RMDs

Read our print-friendly PDF version Just when I was beginning to believe that I was getting a handle on the new required minimum distribution (RMD) rules that Congress passed in December as part of the SECURE Act, Congress modified them for 2020. Furthermore, there may be more changes around the corner.

A Tax Bill or a Legacy: Which Will Your Heirs Inherit?

Read our print-friendly PDF version Because of recent legislation, IRA owners and qualified plan participants are looking for alternative ways to transfer their account balances to their children and grandchildren, while reducing the amount the IRS will take. In a helpful client piece you can share, we introduce three proven strategies they may want to […]

5 Things to Discuss with your Clients

Read our print-friendly PDF version The effect of COVID-19 is widespread, with nearly all facets of life changing as a result of the outbreak. Certainly a big change might be with your client relationships due to the difficulty of scheduling face-to-face meetings. During this time of social distancing, consider the opportunity that exists to strengthen […]