“Selling a Term Life Insurance PolicyCreates Thorny Tax Issues” To get my complete article with all the details… Find Answers to Three Questions Uncle Bob has a $1 million term life policy. His nephew Joe pays him $10,000 and agrees to pay all future premiums because Uncle Bob made Joe the beneficiary.Three questions: CLICK HERE to read my completely new article … [Read more...]
Life Insurance
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Subject line: Unlock Tax-Free Cash—From Your Life Insurance Policy
“Life Insurance: You Don’t Haveto Die to Collect” To get my complete article with all the details… You Don’t Have to Die to Benefit from Life Insurance Did you know your life insurance policy might be a source of tax-free cash—while you're still alive? If you own permanent life insurance, you're sitting on a potential cash value goldmine. Learn how you … [Read more...]
How The Supreme Court Likely Shook Up Your Buy-Sell Agreement
"How The Supreme Court LikelyShook Up Your Buy-Sell Agreement" To get my complete articlewith all the details… Does your company use company-owned life insurance to buy back your shares after you die? Well, be aware ... after you pass away, your estate may have to pay more tax. Ouch! Depending on how your buy-sell agreement values the company, … [Read more...]
Your Co-owned Business Probably Needs a “Buy-Sell Agreement”
“Your Co-owned BusinessProbably Needs a “Buy-Sell Agreement’” To get my complete, FREE articlewith all the details… Are you the co-owner of an existing business? Might you be buying an existing business with some other owners? Might you be founding a new business with some other owners? If you are, you should really consider putting a“buy-sell” agreement in … [Read more...]
Tax Considerations When a Loved One Passes Away (Part 2)
Benjamin Franklin observed that “nothing is certain except death and taxes.” And when the death of a loved one does occur the inevitable issue of taxes does arise. Who is responsible for paying the taxes due upon the decedent’s death? The executor. And if you become an executor, I urge you to read the full article. It’s the second in my three-part series that … [Read more...]