Physician Estate Planning Services
We Help To Protect Your Legacy From Death Taxes
The life of a physician is never easy. Between routinely being swamped with patients Monday through Friday and then trying to maintain some semblance of a family life on the weekends, your life becomes all about prioritizing. Invariably, with so many responsibilities on your plate, certain decisions are put on the back burner or might become procrastinated entirely.
At TPA Services, we empower physicians by assisting them with the management of all their retirement, life insurance and estate planning needs. Our services help to safeguard your assets by building supplemental income streams for you to enjoy while also protecting your estate from incurring unnecessary tax liabilities that would torment your family long after you are gone.
Is Your Estate Fully Prepared For The Death Tax?
Did you know that both the Federal and State governments routinely impose inheritance taxes on the deceased estates of wealthy individuals and spouses? Aside from a one-year reprieve in 2010, during every year since 1916, the IRS has been taxing the full value of the gross estate of high-net-worth families.
This tax is known as the Federal estate tax and is commonly referred to as the IRS “Death Tax.”
For the unaware or unprepared, the consequences of this tax liability can be devastating. From 1935 to 1981, the top death tax rate was at least 70% and has never fallen below 35% since. Estate taxes and their subsequent interest penalties due to any late payment can quickly take their toll. To compound the problem even further, the estates of the deceased are also responsible for the filing and payment of the final annual income taxes, gift taxes, generation skipping taxes and any final capital gains taxes that are owed to the IRS.
Isn’t it time you started preparing your estate before it is too late? The death tax is back in full force, so what can physicians like yourself do about it?
Don’t Leave Yourself Exposed To The IRS!
Estate taxes are calculated based not solely on the value of any liquid assets such as cash, bonds, stocks, savings accounts and retirement plans but also from an estate’s holdings in any illiquid assets like real estate, art work, cars, boats or closely held ownership maintained in any partnerships and organizations. Death taxes decimate estates every year that do not prepare.
What can be done to combat these death taxes?
Our life insurance estate planning programs have been helping high net worth families like yours for decades to complete their estate plan and fully protect their families against the various state and federal estate taxes that threaten them. In fact, Teachers Pension Advisory Services specializes in implementing the same advanced, life insurance planning strategies that have been utilized for many years by both high net worth individuals and more than 70% of recent Fortune 1000 companies through corporate owned life insurance (COLI) programs.
One of the biggest draws to life insurance has always been its death benefit that can be received tax-free by the beneficiaries. The tax-free, liquid income provided by life insurance must be used to offset death taxes because these liabilities are calculated based on the value of ALL liquid and illiquid assets that qualify inside of the estate.
Holding a disproportionate amount of illiquid assets inside of your estate is a recipe for disaster. Do not be naive and fall into the trap of being asset rich and cash poor. The consequences for failing to plan will be devastating on your estate and your family.
Teachers Pension Advisory Services is an independent, wealth management agency with clients nationwide. We see first hand how responsible estate and retirement planning benefits our clients and their families.
Our independence and objectivity allows you to weigh numerous industry options while simultaneously reviewing and reassessing the costs to maintain your existent estate plan. We are not a captive agency. This means that we do not exclusively sell the products of one or only a small handful of life insurance carriers.
We cater to our clients’ needs by working with many different A-rated carriers. TPA Services develops customized retirement and estate solutions for each client. Our entire emphasis is on informing our clients on what all of their options are and implementing the ones that are the right fit for them.
Teachers Pension Advisory Services does more than simply build your life insurance program. We take a comprehensive look at your entire estate and retirement planning picture. If your retirement planning is just beginning, we can help you to develop a blueprint that you and your future generations will prosper from without being burdened by those excessive tax liabilities. We answer questions such as:
Are you utilizing a sufficient amount of your annual and lifetime gifting exemptions?
Do you have trusts set up to protect your life insurance and other assets?
What is your projected estate tax liability?
Have you diversified your investments adequately enough including considering equity-indexed life insurance annuities which could serve to provide you compounding, tax-deferred returns with no downside crediting risks?
If you have already implemented an estate and retirement plan then you realize how much hard work goes into it. We can assist in complimenting your existent estate plan by reviewing your current life insurance program and seamlessly transferring you into a new one that we GUARANTEE will both save you money on your cost of insurance while significantly increasing your permanent, tax-free benefits.
Just because you decide to switch into a new life insurance plan with a TPA Services does not mean that you have to leave those old cash value benefits earned through your existent plans behind either. The United States tax code allows for any permanent, cash value benefits accumulated from your current life insurance policies to be transferred tax-free into a better, more up-to-date product for your needs. The life insurance industry is constantly changing. Don’t fall behind by holding on to any inferior policies of the past.
Besides, how do you really know for sure if that policy you were sold is really the best fit for you, or may there be an even better product for you available right now?
Because we are an independent agency, Teachers Pension Advisory Services can break down all of your estate planning options for you and allow you to select life insurance products from the best of the best.
Don’t you already pay enough to the IRS on an annual basis? Isn’t it well worth it to fully prepare and protect your estate so that you and your family are no longer at risk? We empower doctors by providing them with all of the estate planning and retirement tools needed to lead their family not only into the next generation but also beyond.
Protect Your Estate And Safely Diversify Your Portfolio With Tax-Free Income And Living Benefits!
In order to fully protect your estate from both state and federal death taxes, life insurance has to be THE essential ingredient in EVERY estate plan.
No other type of estate planning vehicle produces as many tax savings and tax-free benefits.
With life insurance, the first thing that typically comes to mind is to think of it as a safety net for families because of a death benefit that can be received tax-free. Because of this, many people are unaware that with certain types of life insurance plans, you can also access living benefits from your policy. Teachers Pension Advisory Services can structure your life insurance program to accomplish this objective through the use of tax-free distributions from your plan’s cash value that over time has continued to both compound and grow income tax-deferred with principal and interest earnings.
Use your estate planning to enhance your overall retirement planning. You can have the option of accessing these tax-free distributions annually for the rest of their life while still maintaining your death benefit in the process.
Looking For Supplemental Income Streams To Further Your Retirement Planning? We Can Help!
There are many paths to take towards retirement. Which one will you go down? With all of the volatility in the financial and real estate markets, finding a truly reliable supplemental retirement income stream is not an easy task these days.
We are both estate planning AND retirement specialists. In order for you to achieve a truly comfortable retirement, it is imperative to find GUARANTEED, supplemental and passive income streams, which you can rely on for the rest of your life.
At Teachers Pension Advisory Services, our physician retirement and estate planning services are managed by consultants who can take the fear and suspense out of your retirement outlook. Unlike the stock market, the benefits in the retirement products and savings plans our consultants offer can never be lost and are guaranteed to be maintained for the rest of your life.
The Teachers Pension Advisory Services retirement specialists direct their clients into investments with the highest guaranteed income for life crediting rates. These hybrid annuities are fixtures in the industry. They are created by the top-rated annuity companies in the world with long and established track records of offering attractive investment and retirement planning products for their clients.
In addition, our equity-indexed investments generate passive income returns with both compounding and tax-deferred growth, which are advantages that the stock and bond markets simply cannot compete with. These products capture the gains of the stock market, but unlike stock investing, they carry absolutely no downside market risks. At Teachers Pension Advisory Services we simply do not believe in variable investment products. We refuse to allowour clients to take on unnecessary risks in order to amass long-term wealth.
You will be impressed by the benefits contained in all of our estate planning and retirement products. Contact us today for more information on our current products and rates.
We Give Our Doctors Interest Rate Relief!
Are the interest rates that you are paying on your personal or commercial investments and lines of credit not as favorable as you would like? Are you sick of getting the run around from lenders who are clearly not looking out for your best interests?
We maintain close affiliations with some of the premier lending institutions in the world because of our large client base. As your estate planning representatives, Teachers Pension Advisory Services presents all of its Family Wealth Services clients with the opportunity to pursue preferred, relationship terms. We can secure these terms through our relationships and large client base for both your personal or business needs based on financial suitability.
Can you imagine the difference it could make if you were able to lock yourself into significantly lower interest rates? Your entire financial outlook would improve substantially because of the increased security of paying less in debt service every month. There is just no reason why you should continue to spend far too much on interest for not nearly enough benefit in your investments.
For more information on our programs, contact us today to schedule a meeting with one of our estate planning and retirement specialists.