Comparing the advantages and requirements of traditional estate practices, and unconventional methods? Are Trusts a viable asset protection vehicle? Is there an alternative to buying life insurance to reduce the impact of the estate tax. Is the elimination of the estate tax during the next decade good for everyone? I can review the benefits and misinformation that exists.
I have been in the business of assisting business owners in reducing their taxes and liability for over 17 years. We specialize in developing plans that eliminate the estate tax, not find a way to prepay it. Most small businesses do not survive the death of the principal. We want small businesses to not only survive, but flourish.
National Small Business Owners Association.
Nevada Association of Listed Resident Agents.
Citizens Legal Association
Contributing author to "The Corporate Standard Newsletter".
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If I explain it technically, I think you will understand it. You aren't required to pay her debts. She/her estate IS required to pay her debts. Her bank account, her savings, her 401k, and all
To be clear: You can do whatever you want. BUT. . . You are responsible to the trust, and ultimately the beneficiaries, if you do anything that the trust did not specifically authorize. I'm going
Sounds simple enough. It just won't work the way you are hoping. (If you were very successful with it). Now if you drop $5000, of your salary, in an account with their name in it. Probably no one
The answers that you are getting on "Quora" for this same question are reasonably credible, so I'm not going to waste time parroting that information. The bigger problem with creating a trust to do what
In the 25+ years that I've been helping business owners and individuals, and the 10 or so years I've been answering questions on AllExperts.com yours is the most consistent problem. Estate issues are always