Estate Planning as a Career

A Family Limited Partnership is becoming one of the most popular methods to pass the equity in a larger estate to the heirs at a discounted tax rate, while retaining control, and at the same time, protecting the assets from lawsuits.

This entity may be used to begin shifting ownership from your estate to your heirs without losing control. The Limited Partnership is becoming a more popular staple of estate planning for a number of reasons. A major one is for asset protection.

Millions of people work hard all their lives. They support their families and have a very comfortable life. If the unfortunate happens, and you become ill or unable to make financial decisions for yourself, a living trust may be an option worth investigating.

There is a lot of confusion of what a living trust is. Despite what some people believe, a living trust and a living will are two separate but legal documents that are binding in any court. A living trust can protect your assets sh (more…)

Commonly referred to as a CD, a Certificate of Deposit can be used as a short or long term investment. Domestic banks offer FDIC (Federal Deposit Insurance Corporation) insured Certificates of Deposit with higher rates of return than other investment options. The bank retains money for a specified period of time with the promise to repay the principal and interest to the depositor at the conclusion of the investment term.

Depending on the amount of money you invest, and the particular t (more…)