reports

 

Applying The System To The Mega-Wealthy

Applying The System To The Mega-Wealthy

Now let’s explore how the first core goal (lifestyle) typically changes as the amount of wealth (asset value, particularly discretionary spendable assets) increases. Remember, when maintaining lifestyle is a goal, it—of necessity—must be the centerfold of the Wealth Transfer Plan. The following schedule summarizes what we have previously covered. It also is a steppingstone to the next subject: the Mega-Wealthy…

 

On The Road To Wealth

On The Road To Wealth

Few people become wealthy overnight. Most can tell you great stories of the struggle to accumulate their first $1 million. Wealth Transfer Planning for the “Little Guy” and the “Less Than Medium-Net Worth Individual” (both defined later) contains many of the basic ingredients employed to create a Plan for the wealthiest individuals.

We’ll work our way up by answering the following question first…

 

Personally Designed Philanthropy

Personally Designed Philanthropy

Will The System be able to satisfy the goals of every Mega-Wealthy/Billionaire individual?
Sadly, the answer is No. An article (December 1, 2003 issue of BusinessWeek) titled, “The Top Givers,” identifies (to quote the article, “… a new class of self-made super philanthropists,” with “William H. Gates III and his wife, Melinda”…

 

How to Plan Your Estate

How to Plan Your Estate

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?”…

 

Free Second Opinion

Free Second Opinion

Today changes must come fast; and we must adjust… We must assume that there is probably a better way to do almost everything.” This quote by Donald M. Nelson, sure describes second opinions when it comes to estate planning, wealth transfer and business succession (and other planning areas covered in this website). More than half of the consultations we do, are done for a client who has had his/her estate plan done by another professional advisor, and the client comes to us for a second opinion…

 

The Network… For Professionals Only

The Network… For Professionals Only

Are you a professional?… Lawyer. Insurance consultant. CPA. Personal financial planner. Trust officer. Or other wealth transfer planner. Then, unquestionably, this Network part is the most important part of the website for you

For each professional advisor who reads these words…

 

The New Estate Tax Law: A Mixture Of Confusion And Uncertainty

The New Estate Tax Law: A Mixture Of Confusion And Uncertainty

There is so much to say that maybe the best way to say it is by starting with what others say (about the not-so-new estate tax law).

The “Conventional Wisdom” column in the June 11, 2001 issue of “Newsweek”…

 

Analyze Your Life Insurance Policies

Analyze Your Life Insurance Policies

Almost everyone who takes the actions recommended here — “Analyze Your Life Insurance” — will create significant additional tax-free wealth for their family with a minimum of effort (and usually without cost)

Read on. You won’t be bored…

 

Wealthy By Any Definition

Wealthy By Any Definition

No question about it, the most significant economic enemy of the wealthy (defined below) is the estate tax.

Certainly, most agree, being wealthy is good. But the complexity of the estate tax law—not to mention the entire concept of taxing wealth at death—is bad… And almost everyone, except some of the law makers in Washington, agrees…