wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: Aunty Mae and Inflation: Gifting to Avoid Estate Taxes; Purchasing Power and Inflation
http://wealthcounsellors.blogspot.com/2011/11/aunty-mae-and-inflation-gifting-to.html
Tuesday, November 29, 2011. Aunty Mae and Inflation: Gifting to Avoid Estate Taxes; Purchasing Power and Inflation. 1,000,000 Exemption. If the current $5,000,000 exemption is retained, Aunty Mae would probably not have to worry about an estate tax and could make the gifts to her grandchildren as part of her living trust at the time of her death. But, this is a gamble and potential waste of the limited opportunity to make tax free gifts in 2011 and 2012. Should Aunty Mae Make the Gifts? Subscribe to: Pos...
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: July 2010
http://wealthcounsellors.blogspot.com/2010_07_01_archive.html
Tuesday, July 27, 2010. Do Not Make A Will; For A Married Man, Making a Will is a Dangerous Illusion; No Problems Solved Without Changing Names on Your Accounts and House. Why Do a Will:. Ensure Property Goes to Spouse. Insurance or retirement accounts. There is no protection of his wife of against her creditors or her disability and estate taxes will be higher. This is because the title to property overrides any provision of the will. If the man named his parents as the beneficiaries on his insurance or...
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: August 2010
http://wealthcounsellors.blogspot.com/2010_08_01_archive.html
Monday, August 23, 2010. Avoiding the Bag-Lady Syndrome; Living on the Street, Old, Female and Broke; Put Your Protections in Place. What Will She Live On? In planning for married couples, we often ask: If John your husband dies, what will Mary (his wife) live on? Are Diamonds A Girl's Best Friend? In the past, women were financially dependent on. Do You Have Your Trusted Ones Ready and Able? Are You Comfortable with Gifts? Stay off the Street. Washington Wealth Counsellors PC. Thursday, August 5, 2010.
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: Most Trusts Do Not Protect Your Assets; Asset Protection Trusts; Revocable and Irrevocable; US and Offshore
http://wealthcounsellors.blogspot.com/2012/04/most-trusts-do-not-protect-your-assets.html
Wednesday, April 11, 2012. Most Trusts Do Not Protect Your Assets; Asset Protection Trusts; Revocable and Irrevocable; US and Offshore. Bank Tells Her A Trust Will Protect Her. Sally called our office for an appointment to set up a trust to protect her proceeds from a new credit line to be placed on her home. She wants to protect the proceeds of the loan from her creditors and her Bank told her to set up a trust to do that. It is common for many people to think that a revocable. Certain states, such as D...
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: April 2010
http://wealthcounsellors.blogspot.com/2010_04_01_archive.html
Tuesday, April 27, 2010. Private Social Service Safety Net, Finding the Immortal Trustee for the Special Needs Mentally Disabled Person. Private Social Service Safety Net. A Special Needs Trust That Works. People, Not Documents Are the Answer. A Professional Care Manager. Dale has seen people with disabilities have their conditions improve when their care is supervised by a professional care manager. Dale says a great source to find a care manager is http:/ www.caremanager.org/. Separate Stand Alone Trust.
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: May 2012
http://wealthcounsellors.blogspot.com/2012_05_01_archive.html
Thursday, May 31, 2012. Making Tax Saving Gifts, Protecting Assets and Your Personal Rainy Day Fund. 5,000,000 Exemptions Disappearing Fast. APT to the Rescue. First: Comply with State APT. To accomplish this, your first have to comply with the State Asset Protection Trust requirements. See our blog on the Virginia APT requirements. Second: Comply with Tax Requirements. 1) Qualified Independent Trustee. 2) Rules for Distributions or Property Use. You decide who you want to receive the money after your pa...
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: If You Are in Your Eighties, It is Time to Get Married; Portability of Your Spouse’s Exemption from Estate Taxes.
http://wealthcounsellors.blogspot.com/2011/02/if-you-are-in-your-eighties-it-is-time.html
Thursday, February 10, 2011. If You Are in Your Eighties, It is Time to Get Married; Portability of Your Spouse’s Exemption from Estate Taxes. New Estate Tax Law. For two years, 2011 and 2012, there is yet another new estate tax with another set of new rules. For two years, the amount that is exempt from estate gift and generation skipping taxes is $5,000,000. One new rule is the. Of your deceased spouse's estate tax exemption. For the enthusiastic tax savers or Zsa Zsa. Time to Get Married. With the abi...
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: Virginia's New Asset Protection Trust
http://wealthcounsellors.blogspot.com/2012/04/virginias-new-asset-protection-trust.html
Friday, April 27, 2012. Virginia's New Asset Protection Trust. Joining Delaware, Alaska, South Dakota and several other states, Virginia has enacted a new law that allows a Virginia resident to set up an Asset Protection Trust. Passed without any opposition, the new code Sections 55-545.03:2 and 55-545.03:3 will be effective July 1, 2012. This is a major change in the law of trusts in general and for Virginia specifically. Qualified Self-Settled Spendthrift Trusts. Old Wine Bottle, Different Taste. There...
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: November 2010
http://wealthcounsellors.blogspot.com/2010_11_01_archive.html
Tuesday, November 16, 2010. A Purchaser of a Foreclosed Property May Be a Victim of A Botched Foreclosure; Protect Yourself Against Defective Foreclosures. There are many headlines and news reports about bungled foreclosures, major lender nationwide suspensions of foreclosures and governmental investigations of foreclosure fraud. You need to make sure that you are not a victim of this legal morass. Given the volume of foreclosures and bank loses, the lenders may have put the foreclosure legal work out to...
wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: December 2010
http://wealthcounsellors.blogspot.com/2010_12_01_archive.html
Wednesday, December 15, 2010. Estate Tax Returns from the Grave. Estate Tax is Coming Back. Tax Increases Are Coming. 5,000,000 Exemption. What to Do Now. If you will have an estate over $5,000,000, or if you are concerned that the $1,000,000 exemption and 55% rate will return January 1, 2013, what should you do now:. 1 Make large gifts before the end of the year. 2 Make gifts to grandchildren or to trusts for grandchildren. 3 Discounting and GRATs not modified yet. Taxes Are Going Up. It is Not Too Late.
