TIME IS RUNNING OUT !!!

MONEY DOWN THE TOILET

Nobody likes to think or talk about dying, so I won't go there. However, just about everyone I know loves to talk about what nit wits we have in Washington and how much they hate the federal government. Do you really want to give these bastards 1/2 of everything you have worked for your entire life so they can THROW YOUR MONEY DOWN THE TOILET!!! Let's see, what is more fun, passing your estate to your children or giving it all to Barney Frank and Nancy Pelosi such that they can hire more incompetent federal (unionized) workers? 


Now that I have your attention......now has never been a better time to do estate planning, but you need to hurry,.......the Tax Reform Act of 2010 will expire on December 31, 2012. Estates over $ 1 million are scheduled to be  taxed in 2013, while the current exemptions in 2012 are quite liberal. 


Now is the time to gift assets into a TRUST to take advantage of extremely favorable estate and gift tax legislation that will expire in 200 days. Besides, it is almost always preferable to have a trust based estate plan as opposed to a will. ( The money saved by avoiding probate alone is often many, many times the costs of the legal work).


If you would prefer to keep your money (or your parents money) out of the hands of crooked politicians and have it go to family members, feel free to send me an email at rsmith@chartwellcapital.net and our office will try and answer your questions.