life insurance trust

Route to an $8 Million Portfolio Started With Frugal Living

My “Millionaire Next Door” clients and their advisors would probably get a kick out of the story of Ronald Read – a former JC Penny janitor and service station worker who passed away earlier this year with $8 million. Ronald Read passed away with $8M fortune None of his friends and family knew of his wealth,

HIPAA and Misinterpretation of the Law

One of the components of the comprehensive estate plans we establish for our clients is a HIPAA authorization. This form allows our clients to name trusted loved ones or professional advisors to have access to their otherwise-confidential records. I found this New York Times article regarding HIPAA authorizations interesting. It discusses how many institutions have incorrectly

How to Avoid Taxes on Life Insurance

How to Avoid Taxes on Life and Disability Insurance (Smart Money Magazine) The above article from Smart Money magazine is a simple and concise synopsis of why some individuals and families with taxable estates or large life insurance policies may want to consider establishing Irrevocable Life Insurance Trusts ("ILITs"). While life insurance proceeds are generally free

February 3rd, 2011|Tags: , , , , , |