How would you like to turn your modest tax-deferred account into millions for your family? Depending on whom you name as beneficiary, you can keep this money growing tax-deferred for not only your and your spouse’s lifetimes, but also for your children’s or grandchildren’s lifetimes. That can turn even a modest inheritance into millions. When… Read More »
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Estate Tax death creating chaos in estate planning
WEST MICHIGAN — With headlines like ‘Welcome to Bizzaro World’ in the normally staid publication Estate Planning, there is every indication that the world of estate planning has been turned on its ear. It’s not that no one saw it coming. When Congress approved the Economic Growth and Tax Relief Reconciliation Act of 2001, the… Read More »
And The Survey Says . . . Most Americans Don’t Have An Estate Plan
According to a survey by FindLaw.com, over 60% of Americans don’t have an estate plan, giving them little control over what will happen to their assets and minor children, and no control over issues relating to their incapacity. The survey further broke down estate planning by age: More than half of Americans over age 50… Read More »