1. ENTITY BASICS 1.0 Entity Status. Limited Liability Companies are legal entities. An entity is established so that the entity has a legal existence separate from its ownership (“members”). If a…
Today, life insurance is more than just insurance, it is an important asset. In fact, your life insurance policy may have a cash value to it, thus making it an asset with a real monetary value. Even if…
In the world of financial planning, it is commonly advised that you should contribute as much as you can to your retirement plan (pensions, profit-sharing plans, IRA’s, 401(k)’s, etc.). Because you…
An Installment Sale of an Asset Can Defer Payment of Gains Taxes A question I am regularly asked in my practice is whether it is possible to reduce or delay payment of capital gains taxes on the sale of…
As frequent speakers to physicians and business owners on asset protection and tax-favored wealth planning, we are often asked about captive insurance companies (CICs) and how they can be used for both…
Many successful people are often so busy dealing with their businesses, professions, and personal lives that they never take the time to deal with the important challenge of creating a tax-wise estate…
If you have ever taken your boat down to the Caribbean, you have probably marveled that beauty of the beaches, the clarity of the water, and the strength of the rum cocktails at the dockside watering holes. …