When you sit down with your lawyer or accountant for an estate planning session, you may not be thinking much beyond making out a will, establishing some trust funds, and figuring out who will be your POA in case you can no longer make decisions for yourself.
In many cases, advisers will not have much time to talk to you about other options, let alone be aware of tax free shelters that can help you and your heirs save thousands of dollars in estate taxes.
To add insult to injury, many of the trusts and other estate planning tools recommended by your adviser may prevent you from ever making use of the money after it is placed in the account.
Smart Estate Planning
Do you often wonder why rich people seem to have so much money to spend, yet they don’t spend a penny on taxes? Interestingly enough, they make their estate planning life insurance options double as investment accounts that get passed on to family members after they die.
Today, you can buy into the exact same type of life insurance, regardless of your health condition and the amount of money you have on hand. As long as you are under 85 years of age, you can easily take part in Tax-Free Wealth Transfer and have peace of mind knowing that you and your heirs will not lose out to the government and all of its tax traps.
Over the years, heirs to estates have been bankrupted because they cannot liquidate property or other assets in time to pay the taxes on their inherited “income”. On the other side of the equation, people that need long term nursing care, or must tend to an emergency have no money to take care of these problems while IRAs sit untouched because they will be taxed if withdrawals are made.
Our Tax-Free Wealth Transfer allows you to grow and use your money, and still not pay taxes. Why not give us a call today and find out more about this valuable estate planning tool and what it can do for you and your prospective heirs?