Transfer Tax Implications of Life Insurance and GSTT

Transfer Tax Implications of Life Insurance and GSTT

To help look after future generations, many people elect to transfer property and life insurance policies by gift or at death to a person two more generations below himself or herself. Typically, this means grandchildren and great-grandchildren, also referred to as skip-persons. The goal is to have assets pass from grandparent to skip-persons without being taxed in the child’s estate.

Typically, the transferor places assets in trust to children for life, then to grandchildren. Or, the transferor gives property to grandchildren or places it in trust for their benefit.

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Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.

Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.

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Insurance for Workers Overseas in High-risk Professions

Insurance for Workers Overseas in High-risk Professions

Whether you’re headed to Haiti as a volunteer helping to restore the earthquake-ravaged country, or to Iraq as an employee rebuilding its infrastructure, or even off the shores of Somalia as ship crewmember and scuba diving adventurist, you or your boss will most likely be looking at higher premiums — if you can get life insurance at all.

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Does Walking Daily Slow Down Alzheimer’s Disease?

Does Walking Daily Slow Down Alzheimer’s Disease?

The Radiological Society of North America released a study indicating walking may slow mental decline in adults with Alzheimer’s disease.

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How to Avoid Mistakes When Buying Life Insurance

How to Avoid Mistakes When Buying Life Insurance

Some people shy away from the sometimes morbid task of securing a life insurance package, often leading to mistakes when choosing coverage, according to USA Today.

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How Does a Child’s Environment Influence Their Development

How Does a Child’s Environment Influence Their Development

The National Children’s Health Study has been launching a long-term research project in San Diego to determine how the environment affects the health and development of a child.

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Chronic Diseases Highlight the Importance of Life Insurance

Chronic Diseases Highlight the Importance of Life Insurance

Individuals who are diagnosed with a non-communicable disease will often face difficulty while applying for life insurance. Fortunately there are life insurance policies created to help protect these individuals without being charged an arm and leg.

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Importance of Reviewing Your Will

Importance of Reviewing Your Will

Keeping your will up to date can improve your financial situation and help protect you and your loved ones from future hardships.

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How Life Insurance Can Fund A Child’s College Education

How Life Insurance Can Fund A Child’s College Education

Life insurance proceeds can help provide the cash needed to fund educational goals says Edward E. Graves, author of “McGill’s Life Insurance.”

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How Can a Special Needs Trust Benefit My Family?

How Can a Special Needs Trust Benefit My Family?

Paying for life-long care for a family member with disabilities can be financially overwhelming.

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