Estate Planning

Ownership of Life Insurance – Estate Planning

What are the ownership issues of life insurance? In estate planning, life insurance is purchased for several reasons: (1) to provide cash to the insured's family for daily living expenses, (2) to provide cash for potential death taxes and estate expenses, and (3) to...

Introduction to Estate Planning

What is estate planning? Simply stated, estate planning is a method for determining how to distribute your property during your life and at your death. It is the process of developing and implementing a master plan that facilitates the distribution of your property...

Assuring the Smooth Distribution of Your Estate

What is it? One of the nicest gifts you can leave your heirs when you die is an estate that's in good order, planned according to your wishes, with a guardian designated to represent any minor children, and with provisions to cover estate taxes . You can accomplish...

Wills, The Cornerstone of Your Estate Plan

If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use to achieve your estate planning goals, but a will is probably the most vital. Even if you're young or your...

Caring for Your Aging Parents

Caring for your aging parents is something you hope you can handle when the time comes, but it's the last thing you want to think about. Whether the time is now or somewhere down the road, there are steps that you can take to make your life (and theirs) a little...

Choosing a Nursing Home

What is a nursing home? A nursing home is a state-licensed facility that may provide skilled nursing care, intermediate care, and/or custodial care. You may need to enter a nursing home on a short-term basis (for example, after a major illness or injury), or on a...

What is conducting a periodic review of your estate plan?

With your estate plan successfully implemented, one final but critical step remains: carrying out a periodic review and update. Imagine this: since you implemented your estate plan five years ago, you got divorced and remarried, sold your house and bought a boat to...

Trust

Marital Trust

What is it? Marital trust used in conjunction with bypass trust to minimize estate taxes and provide for children A marital trust (also known as an A trust) is a type of trust that is used by married couples, usually in conjunction with a bypass trust , to minimize...

Living Trusts

What is it? A living trust (also known as a revocable or inter vivos trust) is a separate legal entity that you create to own property, such as your home, boat, or investments. You transfer some or all of your property to the trust as soon as it is created. During...

Investing

Active vs. Passive Portfolio Management

One of the longest-standing debates in investing is over the relative merits of active portfolio management versus passive management. With an actively managed portfolio, a manager tries to beat the performance of a given benchmark index by using his or her judgment...

Introduction to Investment Planning

What is investment planning? The investment planning process If you’re fortunate enough to have money left over after paying the costs of living, you may be able to make that extra money go to work for you by investing it to earn a financial return. Investment...

Education

Funding Private School

How can you pay for your child's private school? Many parents are committed to sending their children to private elementary or secondary school. Yet paying private school tuition can present a compelling cash flow problem. The reason is that, unlike with college or...

Saving for College

Sending Your Child to College Sending a child to college is at the top of the wish list for most parents. A college education can open doors to many opportunities and help your child compete in today’s competitive job market. But that diploma doesn’t come cheap....

Insurance

How Much Life Insurance Do You Need

Your life insurance needs change as your life changes. When you are young, you may not have a need for life insurance. However, as you take on more responsibility and your family grows, your life insurance needs increase. Your needs may then decrease after your...

Fundamental Needs of Life Insurance

What is the financial impact of premature death? In general The premature death of the head of your household can leave you with unresolved financial responsibilities, including the following: • An unpaid mortgage • The funding of your child(ren)'s college education •...

Determining the Need for Disability Income Insurance

What is it? Most people believe that they are adequately insured against disability because they think they have coverage through their employer or through the government. That's probably why 80 percent of Americans don't own private disability income insurance...

Life Insurance and Charitable Giving

Life insurance can be an excellent tool for charitable giving. Not only does life insurance allow you to make a substantial gift to charity at relatively little cost to you, but you may also benefit from tax rules that apply to gifts of life insurance. Why use life...

Securities offered through Niagara International Capital Limited (NICL). Member FINRA/SIPC.  Advisory services offered through Great Lakes & Atlantic Wealth Management and Advisory Partners LLC (GLA), a registered investment advisory firm.  GLA and Sutter Wealth Management are not affiliated with NICL.