by volcom2278 | Dec 3, 2019 | Client Stories
PROBLEM PRESENTED: In 1993, the maximum estate tax rates were 55% and the lifetime estate and gift tax exemption amount was only $600,000. To save potential estate taxes, a couple with two children bought a $784,000 joint and survivor policy on themselves jointly as a... by volcom2278 | Dec 3, 2019 | Client Stories
PROBLEMS PRESENTED: A small business owner with an especially busy real estate and business brokerage practice wanted to provide life insurance for his four minor children in the event he passed away or required long term care assistance following an accident or... by volcom2278 | Dec 2, 2019 | Client Stories
PROBLEM PRESENTED: The owners of a fast-growing franchise did not have enough life insurance on themselves to protect their estates and preserve the growing value of their respective business interests in case either one of these key owners passed away. The business... by volcom2278 | Dec 2, 2019 | Client Stories
PROBLEMS PRESENTED: The owner of a consulting firm continued to work after retirement to supplement his retirement income. But because he earns $48,000 per year in his consulting business, his Social Security benefits get taxed. Under the IRS rules, the threshold... by volcom2278 | Dec 2, 2019 | Client Stories
PROBLEMS PRESENTED: How to leave a memorable legacy? A 73 year- old grandfather and his 71 year-old wife, wanted to leave gifts to their 3 beloved grandsons (aged 10, 8, and 5), that they won’t outgrow, break, squander or forget about. The grandfather had done a great...