Proper estate planning is essential to secure your current and future financial assets, transfer wealth how you want, and remove any unnecessary taxes and expenses for your family and the generations to come. Doing this will guarantee a successful and effective wealth transfer Palm Beach Gardens. To guide you on how to make an effective wealth transfer, here are some things you can do:
If you want to ensure that those financially dependent on you won’t experience any unnecessary agony and difficulty once you’re gone, then estate planning Palm Beach is the solution to that. You don’t necessarily have to have an estate to do this. You can start with life insurance. To guide you on how to prepare so your loved ones are free of worry, here are some estate planning essentials:
Having an estate plan will help your loved ones get through one of the most difficult times in their lives. It will guide them on how to handle your wills and estates Palm Beach County and move forward in life with ease and comfort. If you want to free your loved ones from any hassle and worries once you’re gone, here are some things to consider when making an estate plan:
If you’re one of the people who have worked so hard most their lives in order to build wealth for their children and grandchildren, then you know how important it is that your heirs understand the significance of utilizing your assets wisely once you’re gone. To make sure your hard work doesn’t go to waste, here are some ways to guarantee a successful wealth transfer PalmBeach Gardens:
If you no longer want your existing life insurance policy or you want to get a better one, you can still make the most out of your life insurance through life settlements Palm Beach County. If you’re planning to sell your life insurance policy, here are some things you should know before deciding:
Both business owners and executives can benefit from non-qualified benefit plans. When considering which options make the most sense, the questions revolve around...
Like other financial assets, life insurance policies require ongoing management. A policy check-in helps ensure life insurance policies continue to address a client’s changing needs and that the policies are performing as expected. A policy review also serves as a touch-point in an advisor’s relationship with clients. Here are 10 reasons why a policy review is essential to the client-advisor relationship.
An ILIT is an Irrevocable Life Insurance Trust, created primarily to own life insurance, and sometimes other assets. The trustee of an ILIT is the fiduciary of the trust assets. The trustee can be a family member (who is not the creator or ‘grantor’ of the trust), or an independent trustee at a bank, for example. Regardless of who is named trustee, the trustee has a fiduciary responsibility to manage assets for the benefit of trust beneficiaries.
A plan to retain key employees is the key to the continued success and growth of the company.One very powerful plan is the Executive Bonus Plan— a simple and cost-effective way for an employer to provide a valuable benefit that creates an incentive for the key employee to stay:
Wealth managers work with their clients to stack Certificates of Deposit (CD) and bonds in order to stagger maturities and navigate potential increases in interest rates and inflation. With interest rates likely to continue their upward climb, opportunities to use “laddering” strategies abound. News flash: Annuities can also be stacked and this offers opportunities to help your clients ladder for both yield and income.
When it comes to planning for your future, the more information, the better. Stay up-to-date on industry news, learn more about getting started with insurance, and get more familiar with your options by reading our blog.