Have You Thought About Your “Heir Quality”?
We frequently encounter clients who want to ensure that the legacy they have worked so hard to build is passed on smoothly and responsibly.
Many believe that naming a beloved family member as their beneficiary or trustee will automatically ensure that their assets are managed properly after they are gone.
However, relying solely on a beneficiary can be a risky move that could undermine your entire estate plan, especially if they turn out to be less than responsible.
In our latest blog (available at the link below), we explain a potentially better alternative that can offer more control over and protection for your hard-earned assets.
At C3 Financial Partners, we collaborate with clients and their advisors to help ensure their legacy continues on long after they are gone, despite an heir run amok.
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IRS Applicable Federal Rate Update
After months of decreases, the latest AFR rates are a bit of a mixed bag. The short-term rate decreased, the mid-term rate held steady and the long-term rate actually increased. To see the updated rates, head to the link below.
And please note – you can access the link on our homepage to check current and historic AFR rates at any time!
See The AFR Report
Don’t Wait Until It’s Too Late
Life insurance and snake bite kits? The analogy makes a lot of sense when you think about it.
Click the link to see how our Todd Healy makes the connection between the two.
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What’s a Polarity?
Estate planning is often filled with polarities and managing them is key to a successful planning effort.
What’s a polarity?
In her recent article in Wealth Management, Cathy Carroll writes polarities are “an interdependent pair of opposing values that define each other.”
Our Todd Healy and Carolyn Smith were interviewed for this article and as Carolyn points out in the piece, “life insurance is a fantastic tool for managing the polarity of planning for both the known and unknown.”
You can read the fascinating article in full at the link below.
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The information presented here is for educational purpose only and is not intended to provide specific advice or recommendations for any individual nor does it take into account the particular investment objectives, financial situation or needs of individual investors. This material is not intended to provide and should not be relied on for tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated.