Estate Planning as a Career

Saving money and car insurance are not two concepts that generally go together today. To be honest, very few car insurance companies actively work to save you money but rather like to take it from you! However, there are companies that can save you hundreds in just a couple of years. We all need to be able to save money today purely and simply because the cost of living is so high and thus we look for savings on products to stay above the poverty line. This is why you should look at car insurance from Tescos insurance. They are great when you are looking for a new car insurance provider and cheaper insurance.

Simply obtaining a quote from Tescos insurance could allow you to take a look at the wider world of insurance, demonstrating that you can get more for less. For example, you can save money and be covered by more comprehensive insurance cover than you would if you went to another provider. There are some exceptions to this rule, as with everything, but Tescos insurance is definitely one of the best providers around so why not give them a try and get a quote?

Over the years in my work planning for affluent clients, I have often recommended the use of a corporate trustee. It is not common that a client’s initial decision regarding the trustee often is the eldest or most responsible or successful child or grandchild. There is often a notion in the client’s choice that there is some honor or distinction associated with naming a loved one as trustee, but upon a further understanding of the complexity of the issues and the work involved with acting as a proper trustee, the client recognizes the value and strategic logic of choosing a corporate trustee.

Some may ask, what is the typical threshold when a corporate trustee is right for a client? This obviously must be handled on a case by case basis, but as a general rule of thumb when a client’s net worth is above $1,000,000 (a common minimum asset requirement for corporate trustees), the benefits and cost of utilizing a corporate trustee far outweigh any potential negatives and the burdens placed on a loved-one forced to sit in the trustee position based on an improperly held notion or idea.

In every conversation with our clients we present the following six reasons why a corporate trustee should be considered when the total value of assets exceeds $1,000,000. The client is often shocked to see how quickly their assets can total a million dollars because in an estate planning sense you must include the value of your home, life insurance polices, IRA’s, and investments. Additionally, many financial professionals are aware that advanced planning strategies become necessary as assets approach the 2008 annual estate tax exclusion limits of $2,000,000.

Six Reasons to Consider the Use of a Corporate Trustee.

1. Complex Trust Law and Frequent Trust Litigation.

The primary and most fundamental reason we stress to (more…)