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Top 10 Estate Planning Mistakes |
| Now that you have read A Tale of Two Families, you
hopefully have a better understanding of why estate planning can be so
valuable. This article will help uncover some of the most commonly
overlooked aspects of estate planning and some easy ways to avoid its
pitfalls.
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The Tale of Two Families |
| Well-illustrated stories about Joseph Robbie and
Jacqueline Kennedy Onassis help to understand the two sets of federal estate
tax laws. These two sets of laws, as defined by this article, are either for
the ignorant or the informed. This article can help you protect your estate
from taxes with different opportunities for estates as large as $1 million,
$10 million and even up to $100 million...tax-free!
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Estate Planning: Protecting Your Family |
| Everything you own at the time of your death may be
considered to be part of your estate. This usually includes your home, bank
accounts, insurance policies and any other important assets. Have you
thought about what will happen to all of these things when you're gone and
where the control of these things will be? A carefully developed estate plan
can save your estate recipients and your family a lot of trouble. Read this
article to find out what goes into an estate plan.
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Financial Planning Checklist |
| Once you've finished with your year-end filing and
your return is on its way to the IRS, take a minute to consider these
questions concerning short and long-term financial goals, IRAs, Keoghs,
employee benefits, your children(s)' education, emergency funds and many
others. These planning techniques can help you decide if the money you have
left over is really left over money!
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Are You Getting Good Financial Advice? |
| Finding financial guidance is easy, judging the worth
of it can be a much tougher task. Even hiring a professional adviser is no
guarantee you'll get great advice. If you're paying someone for a
personalized plan, you especially want to make sure you're getting your
money's worth. Don't just look at the numbers, what's your gut telling you?
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Swap Tactic Lets You Defer Capital-Gains Tax |
| "Like-Kind Exchange" can apply to many kinds of real
estate trade-ups. Section 1031 is valuable to those involved in trading and
can also be very tricky (and costly) if not carefully executed. This article
is an interesting introduction to section 1031 and highlights many of its
advantages along with some important planning tips.
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Are You A Tax Time Bomb? |
| Learn the Six Commandments for Staying Out Of Jail
and how simple they really are to follow. The last thing we all want is a
painful and expensive federal audit. When executed, these six items can help
you sleep soundly at night.
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IRS Targets: What To Do If You're One Of Them |
| The IRS targets 4 types of taxpayers for regular
audits. If you're self employed, work out of your house, hire independent
contractors or haven't filed a return recently, here's what to do.
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How To Neutralize The IRS's Power |
| Considering that that the IRS is solely responsible
for collecting Federal taxes and imposing penalties for late, understated or
evasive filings, the IRS poses one of the largest financial threats to many
individuals and business owners. Here's how to neutralize their power.
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How To Avoid An Audit Completely |
| Successfully avoiding audits, while still claiming
significant deductions is possible if you follow 11 simple steps.
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Yearly Tax Calendar |
| Although timing of some activities is critical, it's
important to review all tax considerations from the perspective of your
specific needs and establish an individualized planning calendar. This short
article highlighting key points of yearly tax planning, broken up into
quarters, is a great guide to model your customized plan by.
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Current Tax Rates |
| The tax rates seem to change every year. Here's the
rates for the current year.
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