Its not the strongest but most adaptable to change who survive Charles Darwin
Information and news for a Changing World
by Wendell Cayton
I grew up in the central Washington town of Yakima, which calls itself the “fruit bowl of the nation.” Like most youngsters there, I worked every summer in the fruit business, irrigating, gathering and swamping picked fruit from the orchards.
Eventually, I worked up to a job in the packing plants that employed hundreds, [...]
Larger IRAs present major estate planning problems for the owner who wants to maximize the heirs’ legacy, not the federal tax system’s. Given the rate at which IRAs can grow over time, it will not be uncommon to see seven-figure IRAs as the major asset in many estates.
The federal tax system can extract a terrific [...]
This isn’t your father’s retirement plan! No, tax law and company culture changes have shifted the responsibility for managing retirement accounts from the company’s shoulders to that of the employee. And judging by the size of the IRA accounts we see, the employees are doing a pretty good managing job!
It’s the very size of IRA [...]
The last thing a business owner/entrepreneur wants to do is spend a lot of time with an insurance agent. When I came into this business as an agent, I learned quickly that an entrepreneur has a short attention span when it comes to worrying about risks to his property or life.
However, an understanding of business [...]
Giving the family home to the kids may not be your idea of prudent estate planning, but in fact, passing the family home or a second home on to the next generation can have definite tax advantages. A Qualified Personal Residence Trust (QPRT) can be used for this purpose.
A QPRT allows the older generation to [...]