Your Estate Plan Is Incomplete! By: Barry E. Haimo, Esq. July 27, 2022 Your estate includes everything you own. (Watch Video to Learn More), and how you own assets is very important. If you don’t plan ahead, then you may become mentally incapacitated or pass...
What Is Offshore Planning? By: Barry E. Haimo, Esq. January 22, 2021 Transcript BARRY E. HAIMO, ESQ.: Offshore planning generally describes an asset protection technique where you create and fund a trust and the trust is administered by another country — a...
Should I consider life insurance during the estate planning process? Life insurance is a fantastic vehicle that overlaps both estate planning as well as financial planning. Specifically, it touches upon the subjects of estate tax liability, wealth transfer,...
Can I give all of my property away before I die and avoid estate taxes? Yes, you can give away, or “gift”, your property before you pass away. You may incur gift tax liability though. Also, if you die within a certain period of time of the gift, it...
What is included in my estate for tax purposes? Everything that you own in your name is included in your estate for estate tax. Additionally, property you exercise substantial dominion and control over will also be included. Quite surprisingly, even income tax...
When does estate planning involve tax planning? Everything that you own in your name is included in your estate for estate tax. Additionally, property you exercise substantial dominion and control over will also be included. Quite surprisingly, even income tax...
CALL NOW