by Ed Hinerman | Jul 5, 2010 | estate taxes, insurance, life insurance
The truth is there are times when there is a legitimate question about whether life insurance is necessary, whether it is the tool for the job. Here are five times that I would submit to you that the answer is clearly buy life insurance. I am leaving the whole issue...
by Ed Hinerman | Jun 9, 2010 | estate taxes, insurance, life insurance
As discussed in numerous posts, the estate tax law as we’ve known it for some time and especially for the last 9 years, through inaction by Congress, got repealed. Not unlike the old native American movie line, “It’s a good day to die”, with no...
by Ed Hinerman | May 12, 2010 | estate taxes, insurance, life insurance
History is littered with examples of poor life insurance and estate planning, and examples of how a lack of attention and review completely negates good planning. Now I’m guessing that there aren’t a lot of pro football team owners reading this, but the...
by Ed Hinerman | Jan 30, 2010 | estate taxes, insurance, life insurance
I went for a drive yesterday. The mountains are all snow packed and it was just one of those wonderful post storm days when, well, you just feel blessed to live in the Rockies. I sometimes (almost all of the time) get locked in my own little world in my office. Not...
by Ed Hinerman | Jan 12, 2010 | estate taxes, insurance, life insurance
With all of the focus on federal estate taxes and well, the fact that currently there isn’t one, before celebrating and canceling your life insurance, those with large estates might want to check and see how hard your state might bite into your estate through...
by Ed Hinerman | Dec 30, 2009 | estate taxes, insurance, life insurance
The House of Representatives passed a bill extending the current estate tax levels and exemptions on December 3, a move to quash the impending 2010 complete repeal of estate taxes (at least for a year). However, the Senate killed the bill, unable to garner enough...
by Ed Hinerman | Dec 8, 2009 | estate taxes, insurance, life insurance
For those who were really thinking that the government would allow the estate tax repeal to continue into 2010, the year that estate taxes would simply disappear, it’s time to exhale. The House of Representatives has voted to keep the current estate tax...
by Ed Hinerman | Oct 6, 2009 | estate taxes, insurance, life insurance
As we crash toward the end of the year and one of the wackiest decades in a while, accountants for the high net worth and famous are all armed with the same good advice. 2010 is a good year to die, at least so far. What started in 2001 as one of the best tax code...
by Ed Hinerman | Aug 4, 2009 | estate taxes, insurance, life insurance
In my mind the estate tax changes made in 2001 were a great idea with a great direction and one of the stupidest endings that could be thought up. Why would Congress and the President go so far to finally bring something out of the dark ages and make it fair, only to...
by Ed Hinerman | Aug 3, 2009 | estate taxes, insurance, life insurance, second to die insurance
While it certainly isn’t our duty to work our tails off all of our adult lives just so we can leave the legacy of an estate to our heirs, I saw a study a few years ago that indicated that it really was the goal, a desire, of the boomer generation and our...
by Ed Hinerman | Jul 23, 2009 | estate taxes, insurance, life insurance, universal life
Estate preservation, as I’ve stated in several posts since the first of the year, is becoming more unstable due to a couple of factors. First, Congress has not shown their cards yet on how they expect to handle the estate tax exemption issue in 2010 and second,...
by Ed Hinerman | Jul 19, 2009 | estate taxes, insurance, life insurance, second to die insurance
If not, give this some thought! Estate taxes come due nine months after the death of the sole surviving spouse or individual whose net worth comprises the estate. While nine months may seem like a long enough time to wrap up an estate and gather the money to pay the...
by Ed Hinerman | Jul 16, 2009 | estate taxes, insurance, life insurance
Since the inception of 2nd to die or survivorship life insurance policies to protect estates from being pillaged by estate taxes, most of the policies were written as traditional universal life or whole life insurance. Cash value policies. When the cashless universal...
by Ed Hinerman | Jun 1, 2009 | estate taxes, guarantee, insurance, life insurance, term insurance, universal life, whole life
90% of life insurance agents cash those commission checks and forget anything they said about service. If this past year has taught us anything, we should have learned that a financial adviser that doesn’t stay on top of changes and doesn’t stay in touch...
by Ed Hinerman | May 14, 2009 | estate taxes, insurance, life insurance, second to die insurance, universal life
Ok, I’m not really holding my breath, but you do realize that with 7 months left to go Congress needs to act or there will be a free estate tax ride in 2010. As the law now stands, the exemption has been rising steadily over the last 9 years from the...
My 20 years of experience give me the knowledge and leverage to find reasonably-priced life insurance for people who have been declined or are paying more than they need to. Request a Free Consultation Today!
Recent Comments