Family Estate Planning for Death Tax

Wealth Requires Responsibility

There is nothing simple about good family estate planning and wealth management. It requires the right mix of financial planning ingredients mixed together in order for legacies to be truly protected. At Teachers Pension Advisory Services, we realize that with wealth comes responsibility.

Our Family Wealth management team specialize in assisting our high-net-worth clients with the transfer of wealth to their subsequent generations. We do not believe in a “set it and forget it” approach when it comes to estate planning. We are dedicated instead to assessing and enhancing each of our client’s estate plans on an ongoing basis.

Teachers Pension Advisory Services is a nationwide, independent, wealth management agency. The Teachers Pension Advisory Services Family Wealth division excels in developing advanced, estate planning solutions that we customize to address each family’s unique needs and objectives. We are also vigilant in keeping all of our clients’ estate plans updated with the most useful estate planning techniques and products at their disposal.

There is no greater loss to a family than a loved one. There is no greater gift that a parent can pass on than the legacy a responsible estate plan provides.

The Big Question: What Is The Estate Tax
And How Do I Prepare For It?

The recipe for good estate planning includes the right combination of life insurance, trusts, gifting practices, investments and the dedicated assistance of highly-skilled fiduciaries such as accountants and attorneys. Finding the right life insurance advisor however, is never easy.

When was the last time that your estate plan was closely analyzed by a life insurance specialist? Did you know that the Federal estate tax has crippled the estate plans of many unsuspecting families? It has routinely seized away 50% and even 70% of an individual’s wealth from their estate at death throughout history.

Interest can also quickly start to accrue on these estates due to any late payments. The devastation of the Federal estate tax is often times compounded by even more estate taxes at the state level, which still exist in more than 20 states across the country.

Following its only one-year reprieve since in nearly a century back in 2010, the Federal estate tax, commonly referred to as the “Death Tax”, has been back in full force. If you have not yet begun to estate plan for the Death Tax, you should not put it on hold any longer. Teachers Pension Advisory Services assists its high-net-worth clients with the implementation of the advanced, life insurance and estate planning strategies that they need to be able to truly protect their assets while keeping legacies intact for the next generation.

The need for liquidity in order to pay estate tax liabilities are just one reason why high-net-worth individuals turn to life insurance as an essential component for their family succession planning. We assist our clients by implementing the most conservative and effective life insurance solutions by utilizing the same strategies that the financial elite and successful businesses alike have been utilizing for decades in order to ease their tax burdens with tax-free income.

Our tax-management strategies happen to be exactly what you need to fully protect your estate. They provide a secure, low-risk way to be able to comfortably afford millions of dollars in additional life insurance benefits compared to what you currently have in place. This resulting influx of liquidity will be a welcomed way to offset your tax liabilities due to the exceedingly low costs and enhanced benefits our life insurance products can offer.

Life Insurance With Living Benefits

The Federal estate tax is the most severe tax liability that high-net-worth families must prepare their estate for. Gifting and forming trusts are complimented perfectly with the tax-free liquidity provided by life insurance. Instead of leaving your family scrambling to sell off your legacy in order to pay the IRS once you are gone, wouldn’t you rather see it left to your family or gifted to your favorite charities and causes instead?

For centuries now, the wealthy have been turning to life insurance as a means to help protect their estates, most notably because of a death benefit that can be received tax-free.

This tax friendly treatment is not limited simply to a death benefit. Teachers Pension Advisory Services endorses life insurance plans that guarantee the insured uninterrupted, tax-deferred, cash value growth within their policies that continues to earn compounding principal and interest throughout the life of the plan.

The most useful life insurance vehicles for estate planning purposes are the plans which offer the insured a capability to access these types of living benefits during life while still maintaining a death benefit legacy to pass on to their families.

What are these living benefits? It is the ability for the insured to enjoy tax-free distributions, which has been an attractive feature in life insurance programs for many decades. John McCain, Walt Disney, JC Penny and the former principal owner of McDonalds Ray Kroc are just a few of the countless number of individuals who have reportedly accessed portions of their cash value benefits to help themselves financially through the tax-free distributions associated with their life insurance programs.

Tax Consequences

Don’t allow your loved ones to be caught up in the tax nightmare that you leave behind. For the unprepared or the unsuspecting, estate taxes and interest penalties can quickly take their toll.  Additionally, the estates of the deceased are also responsible for the filing and payment of the estate’s final, annual income taxes, gift taxes, generation skipping taxes as well as any final capital gains taxes that are owed to the IRS and need to be reported.

The Asset Rich, Cash Poor Trap

By pretending it could not happen to you, what you are really dong is leaving your estate exposed by not doing the proper preparation. The cruelest effects from death taxes have always been brought down upon those estates that are asset rich and cash poor. These issues stem from the estates that hold a disproportionate amount of their wealth in illiquid assets such as real estate, partnerships, private stock ownership or other closely held businesses. These are the families who have an even more desperate need for exceptional estate planning because their estates may be facing a huge fire sale of assets in order to pay its resulting Death Tax liabilities.

Are You Currently At Risk?

There is no reason for wealthy individuals to sit idly by as their estates rack up projected multi-million dollar liquidity shortfalls due to their lack of planning and awareness. The quality of life insurance varies greatly plan-to-plan and carrier-to-carrier. The same type of life insurance product could have vastly different costs depending on what life insurance company is selected. You may think that you are protected, but you are not fully protected until you receive an independent, unbiased assessment from an estate planning advisor who can work with ALL of the A-rated life insurance companies. 

The list of influential people who have had their estates victimized by death taxes reads like a who’s who of American culture. Phillip K. Wrigley was the former owner of the Chicago Cubs and son of the founder of the legendary chewing gum manufacturer. Wrigley died in 1977, and by 1981, his family had sold the Cubs, reportedly to pay the taxes on Wrigley’s estate and with it ending a nearly 60-year relationship with the franchise.

Banking and finance giant J.P. Morgan paid a nearly 70% death tax rate on his gross estate, and John D. Rockefeller, Sr. did as well. Elvis Presley had a staggering 73 percent of his estate go towards his death tax liability. Elvis may be the king of rock and roll, but he was no match for the king of all taxes.

How would you like YOUR estate planning tale to end?

You Have Better Options

We are independent, estate planning consultants. Our access to not just one but a host of A-rated life insurance carriers and products from our industry allows us to meet your objective of implementing not just the easiest but the best overall estate planning solution for your needs.

If you are personally estimated to have a net worth of several million dollars or more, are you aware and do you understand the tax consequences if a majority of your wealth is sitting in real estate, partnerships, closely held stock or private companies?

By contacting Teachers Pension Advisory Services for an evaluation with one of our estate planning specialists, we will offer you the most conservative and effective life insurance strategies and techniques available. We are one of the leaders in our industry in utilizing advanced planning life insurance solutions that we customize for each of our clients to help them fully protect their families against the various state and federal estate taxes that threaten them.

Let Us Help You Save Money On Estate Planning!

Part of our fiduciary responsibility for our clients is to help them keep their estate planning costs to a minimum. The TPA Services Family Wealth Services management team secures preferred, relationship pricing for our clients that we guarantee will drastically lower the costs of your life insurance while significantly increasing your permanent benefits.

We will work in close tandem with your other financial advisors in order to help you update your existent estate plan with an even more secure life insurance and wealth management transfer strategy that you and your family can enjoy for generations to come.

Tired Of Paying Such High Interest Rates?

Is your capital tied up in investments that are trapping you with high or undesirable interest rates? We maintain close affiliations with some of the premier lending institutions in the world. As your estate planning representatives, TPA 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 and business needs based on financial suitability.

Can you imagine the difference it could make to your finances if you were able to lock your investments into significantly lower interest rates? Your entire financial outlook would improve substantially through this 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.

Use Your Current Benefits To Earn Even More!

Just because you decide to switch into a new life insurance program with TPA Services does not mean that you have to leave the benefits you have secured through any of your existent policies behind. The life insurance industry is constantly changing. Don’t fall behind by holding on to any inferior policies of the past.

Teachers Pension Advisory Services can let you know if your current life insurance plan truly offers you the most benefits with the lowest cost of insurance that you could be eligible for, or if there is in fact a much better option for you out there right now.

Once you find a better plan with us, wealth transfer laws allow any permanent cash value benefits earned from your current life insurance policies to be transferred tax-free into a better, more up-to-date product for your needs.

Don’t you owe it to yourself and your family to do the right thing and learn more about the strategies that have paved the way for how high-net-worth-individuals have gone about purchasing the best types of life insurance to protect their loved ones?