Guide to Estate Planning - Estate Planning and Retirement

Guide to Estate Planning

Through our lives, we spend so much time worrying about making a decent living. Questions like, "Will we have enough for a new house? Can I afford that new car? Can I take that trip I've always wanted to take?"

But the years pass. You've built up an estate, and achieved success. Your focus starts shifting away from taking care of yourself, to ensuring your loved ones are cared for after you're gone. That's what estate planning is all about.

Some traditional methods of estate planning include:

Wills
Living Trusts
Durable/Medical Power of Attorney

These estate planning methods, while simple to implement, often fall short when discussing estates over $1 million. At that level, estate owners face a new variety of planning issues.

One of the biggest issues you need to worry about are estate taxes. For starters, Uncle Sam starts collecting gift taxes at the $1 million level. Married couples with estates over $4 million are subject to estate taxes that soar up to 46%... and if you wish to leave money to grandchildren, the estate taxes can reach as high as 73%!

At an estate size of $1 million or more, many other issues besides estate taxes must be taken into consideration. For instance, at that estate size, no estate plan would be complete without including creditor and malpractice protection. In our litigious world, you can be sued for the smallest thing, and the assets you worked for all your life could disappear.

Divorce is also a serious issue in the course of designing an effective estate plan. 11 in 20 marriages (55%) end in divorce. In many affluent families, divorcing spouses of children end up with half of the assets that were intended for the child. That scenario could be prevented with effective wealth transfer planning.

What can you do to protect your assets, and ensure those assets will be there for your loved ones? Take action now. Every person is unique, with different goals and different circumstances. Some wish to give everything to children, others to their favorite charity. Many of our clients wish to do a little of both.

No matter what your goals are, planning is a must. SaveWealth.com has built a national reputation on developing a variety of strategies to help you preserve your wealth. Some of our advanced proprietary strategies include:

The Legacy Trust
Charitable Trusts
Private Family Foundations
Family Limited Partnerships
Qualified Personal Residence Trusts

These are the estate planning techniques that the Kennedys, Rockefellers, Gettys, and other prominent families have used over the years to protect their own family fortunes. SaveWealth has taken these same strategies and modernized them for your family.

Compare for yourself how these Wealth Transfer Strategies work, order Special Reports for yourself, and begin your way down the road of education.

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