Digging into estate planning today. We're talking wills, revocable trusts, life insurance trusts, taxes, making lifetime gifts, step-up in basis, and a whole lot more.
In today's podcast, we discuss the cost and value of asset protection planning and various ways to protect your wealth -- from basic insurance to offshore trusts.
Have you considered a Family Limited Partnership (FLP) to meet your wealth preservation goals? FLP's can make sense for some docs under the right conditions. But all docs? Not even close.
While the higher estate tax exemption limits enacted in 2013 dramatically simplified estate planning for many people, wealthy professionals may still run into issues with an estate under $10M.