| Most
of our clients are nearing retirement age or are retired. This
is a stage in life when taxes, Medicaid, Nursing Home costs,
and preserving assets in their estate is a major concern. These
become vital concerns during a period of care in a nursing home.
We find that most problems occur when people do last minute
planning or reactionary planning.
Pre-planning reduces or eliminates
having to make major decisions under pressure. It takes the
burden off of your loved ones, and reduces their fears.
Senior Estate Associates is a source
for families to consult when they need accurate, unbiased, and
conservative information on issues of Estate Planning and effective
Wealth Transfer.
A properly planned estate is one
that will not only meet your needs while you are alive, but
will continue your wishes upon your death or incapacitation.
Each family's estate plan is different, but one common thread
is that when done efficiently, the sum of all the separate parts
is greater than the benefit of each part individually.
Paying taxes on money you are not using is one way of causing your estate to be depleted unnecessarily. We can help put your estate in order, which may allow your estate to grow faster and offer more money for you or your heirs in the future.
Many Seniors need more income from
the money they have. Unfortunately, your banker only has limited
options for you. Senior Estate Associates has many options to
help you increase your income and possibly decrease your taxes
at the same time.
Two things to consider when looking
for a place to put your money.
How much will the
taxes decrease your yield?
AND
How much does inflation
decrease your buying power next year and several years down
the road?
Example:
Mr. and Mrs. Smith are placing their money into a CD at 3% interest. They are in a 28% federal income tax bracket with state and local taxes of 3.5%, which when added together equals a 31.5% reduction in their yield due to taxes.
Senior Estate Associates has several options to guarantee the positive growth of your money and guarantee your principal!
Thought..Why pay taxes on money
you are not using?
"There
is nothing sinister in so
arranging
one's affairs as to
keep
taxes as low as possible."
- Judge Learned
Hand, 1947
Click Here
for more info on this thought.
One of the most important parts
of an Estate Plan is how efficiently it will pass to your heirs.
What this means is how to protect what you worked so hard for,
from being lost forever, due to the high cost of probate. A
properly planned estate also avoids the agony and tears your
heirs may go through during this lengthy, unpleasant (and unnecessary)
process.
Most attorney's advise their clients
to have a Will. Unfortunately, for most people who have an estate
worth over $30,000 in PA, this does not protect your estate
from the high cost , agony, and delay's of probate, conservatorship,
or depletion!!!
This
website does not claim to give legal or tax advice.
As always, you should consult the advice of a knowledgeable
legal or tax advisor you trust. All of this information
is available at the public library.
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All legal work
done by local attorneys. | Registered Representative of and Securities offered through QA3 Financial Corp., Member
FINRA/SIPC |
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