Long Term Care Featured Blog
Minimize Threats to Wealth
Estate Planning is not just or primarily about Taxes. It is about family security and minimizing or eliminating Threats-to-Wealth.
Estate planning is a very important process in efficiently transferring the wealth you've created throughout your lifetime. A large part of that process involves finding ways to transfer assets to the next generation in the most tax-efficient manner possible. With some preparation, you can save your heirs from paying hefty estate taxes that approach 50% of your estate.
While the federal estate tax was originally repealed in 2010, it came back retroactively with a $5,000,000 exemption in effect in 2011. In 2018, the exemption has increased to $10,200,000 per individual. Repeal of Estate Taxes has been discussed in Congress since 1997. If Estate Taxes are repealed in one Congress it could be re-instituted in a new administration.
The need for planning is ever more needed than now! Why? We have the vehicles and strategies (and favorable state laws) to provide:
Many states also assess estate taxes, and a few states assess inheritance taxes. For people whose estates will be taxable at the state and/or federal level, they have several options to reduce their estate tax bill.
Several tax saving strategies include:
LC Advisor will coordinate with other tax and legal advisors to review the best options to reduce your estate taxes based on your goals.
Proudly serving the Delaware Valley and Philadelphia area
Investment Advisor Representative BLB&B: BLB&B and LC Advisor, LLC are not affiliated.
Investments are transacted through BLB&B.
Location: 103 Montgomery Avenue, Montgomeryville, PA 18936 (T) 215-643-9100.
Contact Us through the LC Advisor website: www.lcadvisor.com or (T) 215-840-9816
Web Link Disclosures: The information provided by any Web links on this site is strictly a courtesy. When you link to any of these web-sites provided herein, LC Advisor makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site.
LC Advisor, LLC. Copyright © 2020. All rights reserved.