Estate Planning is not all about reducing estate taxes. That always was the case, but few people realized the importance of the non-tax factors until the 2001 tax law began the phase out of the estate tax. Every estate plan, regardless of the estate’s size, needs to address certain issues. Ignore these issues, and your […]
In last week’s edition of Retirement Watch Weekly, we began revealing a list of reasons why most estate plans often fail. Please read on for the rest of the list… Clients generally need an estate planner who will spend some time getting to know about their families, their finances, and their general goals and values. […]
A large percentage of estate plans fail to achieve one or more of their goals, and many of them fail for a surprising reason. One cause is the most surprising and perhaps most frequent reason estate plans fail: The estate owners do not implement their plans. The failure to implement an estate plan is surprising. […]
What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here today for free access.
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Bob Carlson gets it. He is an expert because he takes the time to learn his craft. He is a true financial guru because he has the unique ability to effectively communicate his knowledge with his readers through one of the absolute best newsletters in the country. I continuously recommend Bob Carlson’s Retirement Watch to my clients.— David P., Gilbert, AZ
I greatly enjoy your Retirement Watch newsletter. Over these many years I have gleaned several helpful estate and investing suggestions with the most recent one being in your July, 2017 edition.
My little estate is nearing the $5.5M valuation, and I read on page 2 your suggestion that such size estates may want to consider stepping up their early gifting so as to possibly avoid any estate tax law changes.
That suggestion struck a chord, and so I have just completed a $227,000 (5% of my estate) early gifting program for 27 family and friends. With my successor trustee’s approval, that represents a potential $100,000 in avoided estate taxes at the 40% rate.
God and the economy willing, I expect to recoup that gifted amount within the next 36 months, and depending upon future estate tax laws, I hope to gift another $500,000 when I reach the $6M threshold.
Thanks for the clear and concise estate and retirement information. Again, my heirs and I have greatly benefited from your vast well of knowledge.— Warren W. , San Jose, California
Bob Carlson taught me the breadth and depth of what I don’t know.
That’s why I recently renewed my subscription.— Malcolm W. B., Grahamsville, New York