Lesson in Indexed Annuities Part 1

As we plan for our retirements, there are many financial instruments at our disposal. In addition to savings plans, employer‐matched retirement savings programs, and Individual Retirement Accounts (IRAs), annuities are a great option. There are several types of annuities; here, we’ll discuss indexed annuities and the factors influencing them. View the full presentation here. What… Read More Lesson in Indexed Annuities Part 1

How an Insured Stock Redemption Buy-Sell Plan Works

A cost-effective and economical method of providing the cash essential to purchase a deceased shareholder’s business interest is a stock redemption buy-sell plan.  An insured stock redemption buy-sell plan words for a corporation by a stock redemption buy-sell agreement paid for with nondeductible life insurance premiums. The Corporation, Shareholders, and Insurance Company First, the corporation… Read More How an Insured Stock Redemption Buy-Sell Plan Works

Corporations: Insured Stock Redemption Buy-Sell Plan pt. 2

Part 1: https://geoffreyjthompson.wordpress.com/2017/07/21/corporations-insured-stock-redemption-buy-sell-plan/ In a closely-held corporation where there are a few shareholders, heirs of a shareholder who dies face a number of problems if no plan is in place. Need for Income Dividends are sums of money paid on a regular basis by a corporation to shareholders from the profits of the business.  In… Read More Corporations: Insured Stock Redemption Buy-Sell Plan pt. 2

Corporations: Insured Stock Redemption Buy-Sell Plan

When a person owns stock in a closely-held corporation, they are often one of a limited number of shareholders.  If a shareholder of a closely held corporation dies, there is often no legal effect on a closely-held corporation.  However, some real and practical consequences can have an adverse impact on the corporation to continue as… Read More Corporations: Insured Stock Redemption Buy-Sell Plan

The Mechanics of an Insured Cross Purchase Buy-Sell Plan

The economical and efficient method of a cross purchase buy-sell plan that is funded with life insurance allows a deceased partner’s business interest to be quickly bought by the remaining partners without the having to borrow money, drain business assets, or become involved in a long drawn-out legal battle. When involved in a partnership, if… Read More The Mechanics of an Insured Cross Purchase Buy-Sell Plan

Sole Proprietor: Insured Buy-Sell Plan

Many people wonder why they should worry about the “family business” when the sole proprietor dies.  Typically, when the sole owner dies, the business will not continue leaving those who are dependent on the income from the business without many options.  Therefore, a buy-sell agreement funded with life insurance provides the liquid assets to the… Read More Sole Proprietor: Insured Buy-Sell Plan

Estate Planning: Property Ownership & Joint Tenancy

By spending a little money and time on estate planning keep the courts and attorneys from deciding how an estate is divided after a person’s death.  By not having a plan, the end result can be that costs increase with delays and frustration for family members and loved ones. The substantial benefits yielded by planning… Read More Estate Planning: Property Ownership & Joint Tenancy