As of April 2021, the senate has released a plan for the 99.5% Act, which proposes to significantly reduce the current estate and gift tax regimes. The 99.5% act includes the following estate and gift tax proposals: Reduces the estate tax exemptions to $3.5 million. Reduces the gift tax exemption to $1 million. Limits the …
As the United States experiences a major political shift, it is important to consider the probable changes to tax law that the new party in power will likely implement. The extreme likelihood of these changes to the current tax law and exemption limits creates a window of opportunity for clients’ to take advantage of. The repeal …
Estate Tax Planning Opportunities in 2021 While the actual timing and extent of any income tax and estate tax legislation is still uncertain, there still may be time to take advantage of planning opportunities before changes are enacted. The current gift, estate and generating skipping tax (GST) exemption amount is $11,700,000 million per individual (up …
Estate Tax Planning Opportunities 2021: Why Finance Life Insurance Premiums? Read More »
Life Insurance can play a crucial role in helping achieve the legacy and financial objectives of an individual or family… Especially those with significant taxable estates. Premium Financing There are potential advantages of financing life insurance premiums. This allows the policy owner to lower their cost. As an alternative approach to funding a policy, the …
The world is constantly changing, and often, the changes are unpredictable. However, the fluidity of the marketplace also makes room for and creates new and different opportunities for clients to take advantage of. Whether it is to protect their legacy, continue growing their wealth while use sophisticated tools to transfer that wealth to either their …
Change Is Imminent – Proper Estate Planning Is Important Now More Than Ever Read More »
Tax Efficient Solutions and the Premium Finance Market In order to sell premium finance and engage this market in an efficient and effective way, it is vital to have procedures, process and protocols. In our discussions about life insurance, we have found the most common complaints from producers are that they do not understand the …
Tax Efficient Solutions and the Premium Finance Market Read More »
The term “High Net Worth” (HNW) might evoke different images to different people. To the average American, “high net worth” might constitute as an individual who has a couple million of dollars sitting in the bank. To wealthier individuals, the phrase might only apply to individuals in the upper 1% of the population, or those …
Life Insurance As A Powerful Estate Planning Tool For The High Net Worth Clients Read More »
Due to economic pressure, “Some Americans Are Being Turned Away Trying to Buy Life Insurance”. At Tax Efficient Solutions we help guide your clients through the underwriting process and quagmire of carrier new rules and limitations that are coming out faster then people can process. Premium financing is a technique that utilizes a loan from an independent …
Some Americans Are Being Turned Away Trying to Buy Life Insurance Read More »
Foreign Currency Lending Solution using the Swiss Franc Utilizing Cross Currency Swap Currency Swaps can help mitigate the risk of unwanted interest rate fluctuations while further reducing interest expense. In addition to US Dollar LIBOR based loans, Tax Efficient Solutions has access to use Swiss Franc LIBOR rates. If a client wants to take full advantage …
Foreign Currency Lending Solution Using The Swiss Franc Read More »
Most Premium Finance loans use US Dollar Libor as the underlying rate, with a spread above LIBOR for the all-in rate to the borrower. In addition to US Dollar LIBOR based loans, Tax Efficient Solutions has access to use Swiss Franc LIBOR rates. While one-month US Dollar LIBOR is positive, one-month Swiss Franc LIBOR is …
