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Synopsis: Sometimes the most important lessons are learned by going back to the basics. Now, business planning expert Robert E. Hales revisits the essential elements of estate planning - but offers a significant new twist: He shows how slightly tweaking standard estate planning strategies can lead to more optimal effectiveness. With his appealing mix of humor and professional insight, Hale clearly underscores the need for integrating both the 'bean counter" and "visionary" approach into the estate planning process. Hale's 90-minute workshop outlines the fundamentals of distribution-oriented estate planning in clear, acronym-free English, and furnishes fresh new approaches to common concepts, including: · Tax reduction vs. distribution - the goal of an estate plan · Benefits of Q-Tip trusts · Advantages of generation-skipping trusts · Use and shortcomings of buy-sell agreements · Using life insurance to pay estate taxes, second-to-die polices, and more. Plus, many estate planners focus on minimizing - or eliminating taxes - as the primary goal of estate planning, Hale feels “distribution” should be the primary focus of an estate plan. After all, he argues, if estate assets do not go to whom they are supposed to, an estate plan is a failed document - regardless of how much tax savings it may generate. Even experienced practitioners will discover new ways to increase your estate planning acumen - with this entertaining new presentation from an industry veteran.
Title: Simple Concepts in Estate Planning: ...
Publisher: Marketplace Books
Publication Date: 2004
Binding: Audio CD
Book Condition: Good
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