Articles that Help You Reach Your Tax Goals.

Most of the articles deal with either estate planning or business succession planning.

They continue what the free special reports teach you. if you haven't already, download the special reports to kick-start your learning.

Estate planing: "How to Legally Eliminate Your Estate Tax Liability"

Business succession: "How to TRANSFER Your Business (to your Kids), Yet Keep CONTROL"



MY BLOOD BOILS EVERYTIME A FAMILY BUSINESS TRANSFER TO THE KID(S) CREATES A TAX TRAIN WRECK

It happened again. But this time, a double header. Two separate calls—one from Nebraska, one from Virginia—concerning transferring family businesses to the kids. Both callers got the same wrong advice from their professionals. Next to a wrong estate plan, a wrong family business succession plan creates the most tax pain and havoc (economic and otherwise) […]


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TAX MAGIC… TURN EVERY DOLLAR OF YOUR INVESTMENT INCOME INTO TAX-FREE INCOME

“Tax-free” always has a nice ring to it. The higher the income tax rate the nicer the ring. The old top rate, at 35%, was bad enough. The current highest rate—39.6%—has created a flurry of activity to legally avoid the tax. But wait… there is an additional surtax that can bite you for another 3.8% […]


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ASSET PROTECTION AND ESTATE PLANNING… DONE RIGHT, BOTH ARE PART OF THE SAME PLAN

Even a perfect estate plan, at best, is in reality a death plan… because nothing happens until you die. Then, and only then, will your assets go to your heirs (or into a trust, partnership or other entity for their benefit). But wait, you ain’t dead yet. In the meantime are your assets protected?… today?… […]


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BUSINESS REAL ESTATE… THE BEST WAY (TAXWISE) TO OWN IT

The first commandment of my someday-I-will-write-it bible of taxation would be “Thou shalt not put real estate into a corporation.” We see it at least a dozen times a year: When readers of this column ask us to do a tax consultation (usually for transfer/succession/estate planning), we find the business real estate in a separate […]


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SO YOU OWN ANNUITIES?… CHANCES ARE YOU ARE BEING RIPPED-OFF

If you own annuities, you’ll love this article. If you don’t own any annuities, then pass this article to friends who do (but read the article so you’ll know why you − subject to rare exceptions − should never buy an annuity). To start, it should be noted that most insurance companies have a plethora […]


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Key Subject

Key Tax-Saving Subjects

Estate Planning
Business Succession
Wealth Transfer
Asset Protection
Life Insurance
Tax-Fee Wealth Creation
The more you are worth, the more valuable — in real dollars — the above six subjects are to your economic and tax well-being. The subjects are intertwined. An interest or concern with any one of the subjects usually brings a flood of questions about the other five. What’s so interesting is that most high-net worth individuals have the same concerns… and questions. For example, the most asked questions (or some variation) by wealthy clients and wealthy visitors to this website are:


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Plan Your State

How to Plan Your Estate

Never have I received so many phone calls and emails concerning the same tax subject. What subject?… the new estate tax law.

Confusion and uncertainty reign!

Here are some of the typical questions: (1) “My estate plan is done. Must I change it because of the new law?” (2) [This I-read-or-heard question, or some variation, is the most common question] “Everything I read and hear [on the radio, TV, at seminars and from my lawyer or other professional advisors] says the new law will be changed. Should I wait for the changes?” . (3) “How much will the new law cut my taxes?” (4) “I want to transfer [give or sell] my business to my kids. What effect does the new law have?”


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