4 Steps to securing. your lease royalties PLUS. Oil and Gas Lease Planning and Management. A resource guide from your trusted, local, no cost advisor.
|
|
- Marion Johnston
- 8 years ago
- Views:
Transcription
1 Oil and Gas Lease Planning and Management 4 Steps to securing your lease royalties A resource guide from your trusted, local, no cost advisor. PLUS 10 things you can do right now!
2 4 Steps to securing your lease royalties This lease may be my best chance for financial security. Where do I start? A trusted, local resource and no cost advisor, Northwest does not charge an hourly fee for planning and guidance. The prospect of sudden wealth from Oil and Gas Lease royalties may have you feeling a bit overwhelmed. The income can be substantial, but contracts, tax issues, and financial decisions to be made during the process can be confusing not to mention scary Should I spend the money or invest it? Should I pay off debt? Will this new windfall sum allow me to retire early? What s the best way to leave something for my children? How can these new assets best provide for my future healthcare needs and protect my property? When it comes to properly structuring and preserving your newfound wealth, Northwest Savings Bank is uniquely qualified to assist you with unbiased advice, expanded financial services, and a comprehensive approach to Oil and Gas Lease income management. There are tools available at each step of the process including before your oil or gas lease is even signed to help you maximize income. Because we fully understand the Life Cycle of a lease we can better guide you through each step and help you make good money decisions with specialized knowledge, top-level service, and integrity.
3 Step 1 Pre-Lease Planning How can I get the most from my Oil or Natural Gas Royalties? Start by assembling a team of experienced professional advisors to guide you through this process. The best time to have a professional review your proposed lease is, of course, before you sign it. Led by Northwest Investment & Trust Services, your experienced, qualified legal, tax and estate planning professionals can help you to maximize royalties, minimize taxes, and transfer more wealth to your family right from the start. Legal Planning If you are like most landowners, your Oil and Gas Lease will be the single largest, most significant contract you will ever sign. When you sign it you are presumed under the law to have fully read and understood it all of it. Each provision of an oil and gas lease has special meaning and can affect you and your family for years to come. We strongly recommend that you have your Oil and Gas Lease reviewed by an attorney before signing it. Our team will work with your attorney to get you the lease you deserve. Estate Planning Your simple will, if you have one, is no longer adequate when you enter the world of Oil and Gas Lease income. As your trusted advisor, we can help you and your counsel avoid pitfalls and confidently structure a complicated Federally taxable estate plan to minimize estate and inheritance taxes. We also offer estate administration and settlement services, wealth transfer (inheritance planning) services, family business services, and trustee services as needed. Financial Planning Who would you rather benefit financially: the state and federal governments, or your spouse, children, relatives, and charities? Our team of professional advisors will identify for you the appropriate tools at each stage of the process to reduce and minimize your tax liability and maximize the wealth you transfer to your beneficiaries. Northwest Investment & Trust services offers wealth management, debt management, retirement planning, educational planning for children and grandchildren, and more. Let us tailor the investment and tax solutions to fit your needs. Tax Planning You need knowledge and experience to help you minimize income taxes and provide assistance with more complicated tax returns. On the Federal level, you and your family may become subject to Income Tax, Gift Tax, Estate Tax, Alternative Minimum Tax (AMT), and Generation Skipping Tax (GST). Additionally, the state will hit you and your family with Income Tax, Inheritance Tax, and Transfer Tax. We can help.
4 Step 2 Leasing Preparation Have I met with my attorney to review the lease agreement? Have I discussed tax implications with my tax advisor? Do you know the difference between a Bonus Payment, Delay Rental Payment, and Royalty Payment? Or a Pipeline Easement or Right-of-Way Payment? The good news If you are like most landowners with an Oil and Gas lease, many or all of these may be coming your way. The bad news Each has its own unique characteristics you need to understand in order to structure them to your advantage and ensure you are being paid and taxed fairly. Before you enter into any legally binding contracts, you should have them reviewed by attorneys knowledgeable and experienced in Pennsylvania Oil and Gas law; and by accountants who understand the Federal and state tax implications associated with these unique contracts. Northwest can provide all the financial services you need, along with access to professionals (attorneys, accountants and other advisors) with experience in this area. Northwest Direct:
5 Step 3 Managing Lease Income When will I receive payments? How do I report them for tax purposes? Did you know there is no Federal or state income tax withholding from your lease income? You will likely have to submit quarterly estimated tax payments. Failure to do so can cause major problems for landowners come tax time. We can establish a special tax deposit account for your convenient use where you and your accountant direct the deposit of a portion of your oil and gas lease income with which to pay your estimated tax liability on a quarterly basis. In fact, we can (with your prior authorization) transmit your quarterly estimated payments for you directly to the IRS, avoiding the possibility of significant penalties and interest. Northwest has the experience and specialized accounts to help you meet your tax obligations in a timely and efficient manner now and in the future. Types of Lease Income Bonus Payments A Bonus Payment is the amount paid up front for the execution of a lease by the Oil or Gas Company. How and when bonus payments are made can be very important. If your situation warrants it, we can help you take advantage of graduated federal income tax rates spreading payment of bonus over two or more tax years. Delay Rental Payments Paid to you between the time you sign the lease and actual drilling occurs, these payments are highly negotiable and are taxed as ordinary income in the year in which they are paid. Royalty Payments Usually paid monthly, these payments may be very large at first and can continue for decades until production slows. Royalty payments are passive income subject to special tax rules. We will help you minimize your tax liability by identifying allowed deductions which are unique to royalty income. Pipeline Easement Payments These payments are negotiable and carry special tax implications. It is crucial that a qualified attorney assists you in structuring this complex agreement upfront to protect your from any and all potential issues when it comes to the use of your land.
6 Step 4 Continuing Support How do I prudently invest my royalty payments to secure my financial legacy for generations to come? Your Northwest Investment & Trust professionals will help you manage your gas royalty wealth wisely over the course of time. Our comprehensive approach will help you evaluate and plan from a wide range of investment advisory and portfolio management services, estate and trust services, and a combination of FDICinsured and non-fdic-insured accounts. We will help you to make better decisions on debt reduction, savings, long-term care insurance, and investing for the future. As a trusted, familiar name with a proven history of results and a highly sought-after expertise in royalty income management, Northwest can get you where you want to go with absolute confidence.
7 10 Things you can do right now The Northwest Savings Bank strategy? Develop your plan, keep it simple, and start now. You can help your investment, tax, and estate planning advisors to give the best possible advice by gathering those records prior to consulting with us. 1. Investment portfolio, if any 2. Personal financial statement of assets and liabilities 3. Past 3 years Federal and state tax returns 4. Current will, if any 5. Living will (or advanced health care directive), if any 6. Power of attorney forms, if any 7. Your deed(s) 8. Your oil and gas lease(s), if any 9. Statements reflecting all bonus, delay rental, spud fee and/or royalty payments received to date, if any 10. Call Northwest Investment & Trust Services for a no cost consultation and begin planning now.
8 About Northwest A trusted, local resource and no cost advisor, we do not charge an hourly fee for planning and guidance. Northwest Bancshares, Inc. is the Federally-chartered savings and loan holding company that operates Northwest Savings Bank, headquartered in Warren, PA. Founded in 1896, the bank has approximately $8 billion in assets with 171 community-banking locations across five states. We help you to reach your financial goals with a three-point process we work with you to assess your current situation, assist you in determining your financial needs, and chart a course for your future by developing a personalized plan to meet your financial goals and objectives. Over the years, Northwest has continued to add new lines of financial services with an emphasis on business banking and investment management and trust services. Northwest Investment & Trust Services offers highly personalized investment and administrative services in personal, corporate, charitable, and institutional trusts and employee benefits. From loans to build or improve your business, to cash management tools to help you run it better, to all of the personal products and services you need for complete financial peace of mind, Northwest can help. One bank, one team of financial experts putting all of their experienced, individual talents to work for you. Northwest Savings Bank provides this information for general guidance only, and the contents do not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with any professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax information provided in this presentation is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is as is, with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Northwest Investment & Trust Services offers products that are not FDIC-insured, not bank guaranteed, and may lose value in addition to FDIC-insured products. Daniel Simonsen Oil and Gas Banking Officer (814) dsimonsen@nwbcorp.com Dearald Bud Shuffstall Senior Oil and Gas Banking Officer (814) dshuffstall@nwbcorp.com Estate Planning Tax Strategies Financial Education Wealth Management Northwest Direct:
4 Steps to Securing Oil and Gas Lease Income
Oil and Gas Lease Income Planning and Management 4 Steps to Securing Oil and Gas Lease Income A resource guide from your trusted, local financial advisor. PLUS What you can do right now to get started!
More information4 Steps to Securing Oil and Gas Lease Income
Northwest Oil, Gas and Mineral Management Services 4 Steps to Securing Oil and Gas Lease Income A resource guide from your trusted local financial advisor. PLUS What you can do right now to get started!
More informationManager NEW. 4 Production and Royalty Verification. 4 Tax Information Reporting. 4 Automated Royalty Payment Processing
n o r t h w e s t o i l, g a s, a n d m i n e r a l m a n a g e m e n t s e r v i c e s NEW Royalty Manager We speak the gas company s language. 4 Production and Royalty Verification 4 Tax Information
More informationtax planning strategies
tax planning strategies In addition to saving income taxes for the current and future years, tax planning can reduce eventual estate taxes, maximize the amount of funds you will have available for retirement,
More informationtax planning strategies
tax planning strategies In addition to saving income taxes for the current and future years, effective tax planning can reduce eventual estate taxes, maximize the amount of funds you will have available
More informationMANAGING SIGNIFICANT WEALTH EVENTS
MANAGING SIGNIFICANT WEALTH EVENTS Providing knowledge and experience to help you with the important decisions you ll need to make. [ ] MANAGING SIGNIFICANT WEALTH EVENTS A SIGNIFICANT WEALTH EVENT BRINGS
More informationOhio State University Extension, 2120 Fyffe Road, Columbus, OH 43210
FACT SHEET Ohio State University Extension, 2120 Fyffe Road, Columbus, OH 43210 Shale Oil and Gas Development Fact Sheet Series Income Tax Management of Oil and Gas Lease Payments Introduction Chris Zoller
More informationHow to Handle a Windfall
Rethinking your financial opportunities How to Handle a Windfall INVESTMENT AND INSURANCE PRODUCTS: NOT FDIC INSURED NOT A BANK DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NO BANK GUARANTEE MAY
More informationAn n u i t y. Preserving Hard-Earned Annuity Assets. t r a n s a m e r i c a 1
An n u i t y Maximization Strategy Preserving Hard-Earned Annuity Assets t r a n s a m e r i c a 1 Alternatives to help protect financial assets, increase current income stream, or decrease income tax
More informationManaging Significant Wealth Events
Managing Significant Wealth Events Life-Changing Wealth Creation Events Manage your assets. Protect your wealth. Build your legacy. When an individual or family experiences a significant wealth event such
More informationStretch IRA. What is a stretch IRA? Why stretch?
Stretch IRA Stretch IRA strategies are a popular approach to transferring wealth. Investors are using stretch IRAs to extend their required minimum distributions (RMDs) over an increased period of time,
More informationEstate Planning Workbook
Transamerica Advanced Markets Estate Planning Workbook Transamerica Resources, Inc. is an Aegon company and is affi liated with various companies which include, but are not limited to, insurance companies
More information2015 Savvy Year-End Tax Planning Thoughts & Ideas
2015 Savvy Year-End Tax Planning Thoughts & Ideas JONATHAN GASSMAN CFP, CPA/PFS November 11, 2015 2015 Tax Rates Ordinary Income Qualified Dividends & Long-Term Capital Gains 10% 15% 25% 28% 2015 Rates
More informationMAXIMIZATION ANNUITY STRATEGY. An estate planning technique for individuals who own deferred annuities with sizable growth.
ANNUITY MAXIMIZATION STRATEGY An estate planning technique for individuals who own deferred annuities with sizable growth. Transamerica Occidental Life Insurance Company Preserving Hard-Earned Assets As
More informationAnnuity Maximization Strategy
Annuity Maximization Strategy Preserving Hard-Earned Annuity Assets t r a n s a m e r i c a 1 Alternatives to help protect financial assets, increase current income stream, or decrease income tax liabilities
More informationLife Insurance and Estate Planning
EBNY Financial, LLC Kevin Kautzmann, CFP Certified Financial Planner 80 Fifth Avenue #1403 New York, NY 212-269-2625 kevin@ebnyfinancial.com www.ebnyfinancial.com Life Insurance and Estate Planning Page
More informationYear End Financial Planning for 2014
Year End Financial Planning for 2014 As we near the end of 2014 and begin preparing for 2015, it is important to reflect on the changes we have experienced over the last year. Life s milestones can range
More informationEstate planning strategies using life insurance in a trust Options for handling distributions, rollovers and conversions
Estate planning strategies using life insurance in a trust Options for handling distributions, rollovers and conversions Life s better when we re connected Table of contents Find your questions review
More informationHow does an ILIT work? STOP! Proceed With Care: Gifts to Life Insurance Trusts in 2010
STOP! Proceed With Care: Gifts to Life Insurance Trusts in 2010 Kristi Mathisen, JD and CPA The first day of 2010 brought repeal of both the estate and generation-skipping transfer (GST) taxes. It was
More informationLEGEND FINANCIAL ADVISORS, INC. SUMMARY OF PERSONAL FINANCIAL PLANNING SERVICES
LEGEND FINANCIAL ADVISORS, INC. SUMMARY OF PERSONAL FINANCIAL PLANNING SERVICES 2003 2014 Legend Financial Advisors, Inc. HOW TO CONTACT US Headquarters address: Legend Financial Advisors, Inc. 5700 Corporate
More informationYear End Gifts and Investments
Wealth Planning Year End Tax Tips The end of every year poses a critical deadline for utilizing certain tax benefits. The following covers various items to address in your annual tax, estate, retirement
More informationHelping to keep your promises
Helping to keep your promises Our customized trust services There have been times in your life when you made a promise to yourself. Perhaps you sealed your vow to love and protect with a kiss. You may
More informationThe IRA Rollover. Making Sense Out of Your Retirement Plan Distribution
The IRA Rollover Making Sense Out of Your Retirement Plan Distribution Expecting a Distribution? You have been a participant in your employer s retirement plan for a number of years, and you have earned
More informationIntroduction to Estate Planning
Bradford Yeater, GEPC 6755 Mira Mesa Blvd. Suite 123-127 San Diego, CA 92121 619-270-2358 bradford.yeater@lpl.com Introduction to Estate Planning Estate Planning can be as simple or complex as your needs
More informationEstate Tax Concepts. for Edward and Tina Collins
Estate Tax Concepts for Edward and Tina Collins Joseph Davis, CLU, ChFC 215 Broad Street Charlotte, North Carolina 26292 Phone: 704-927-5555 Mobile Phone: 704-549-5555 Fax: 704-549-6666 Email: joseph.davis@aol.com
More informationBargain Sale to Charity. Disposing of Real Estate Assets Through Waste to Charity. Make some money while making a Difference! (Save On Taxes, too...
Bargain Sale to Charity Disposing of Real Estate Assets Through Waste to Charity. Make some money while making a Difference! (Save On Taxes, too...) Page 2: What IS a Bargain Sale to Charity? Page 3: Bargain
More informationMaximizing Wealth Transfer using Innovative Trust Designs
Maximizing Wealth Transfer using Innovative Trust Designs For For Producer or or Broker/Dealer Use Use Only. Only. Not Not for for Public Distribution. Why Life Insurance? Provides for: Personal family
More informationIntroduction to Estate Planning
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
More informationTraditional and Roth IRAs. Invest for retirement with tax-advantaged accounts
Traditional and s Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the financial
More informationEstate Planning. Maximize the legacy you leave to loved ones
Estate Planning Maximize the legacy you leave to loved ones An estate plan is a versatile tool from which anyone can benefit. It is the way you communicate your wishes to the loved ones you leave behind
More informationEstate Planning and Oil and Gas Leasing
July 2010 1 Estate Planning and Oil and Gas Leasing 700 Security Mutual Building 80 Exchange Street Binghamton, New York 13902-5250 (607) 723-5341 Wilbur (Bud) D. Dahlgren, Esq. Jon J. Sarra, Esq. Ryan
More informationHas the Sun Set on Refinancing?
Has the Sun Set on Refinancing? Opportunities are like sunrises. If you wait too long, you miss them. William Arthur Ward In November of 2012, the average interest rate for a traditional 30- year fixed
More informationNon-Financial Assets Tax and Other Special Rules
Wealth Strategy Report Non-Financial Assets Tax and Other Special Rules OVERVIEW Because unique attributes distinguish them from other asset classes, nonfinancial assets may offer you valuable financial
More informationTraditional and Roth IRAs. Invest for retirement with tax-advantaged accounts
Traditional and Roth IRAs Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the
More informationThe New Era of Wealth Transfer Planning #1. American Taxpayer Relief Act Boosts Life Insurance. For agent use only. Not for public distribution.
The New Era of Wealth Transfer Planning #1 American Taxpayer Relief Act Boosts Life Insurance For agent use only. Not for public distribution. In January 2013 Congress stepped back from the fiscal cliff
More informationFInancIal PlannIng In an uncertain tax landscape. understanding today s tax environment // strategies for 2012 // Planning for 2013
FInancIal PlannIng In an uncertain tax landscape understanding today s tax environment // strategies for 2012 // Planning for 2013 Key Takeaways Without further changes by Congress, tax rates are scheduled
More informationLIFE INSURANCE. Spousal Lifetime Access Trust. Transferring wealth and retaining spousal access
LIFE INSURANCE Spousal Lifetime Access Trust Transferring wealth and retaining spousal access Life. your way SM Strive to live your dreams. Discover the flexibility of life insurance protect, accumulate
More informationCreating a Lasting Legacy
Picture Placeholder Creating a Lasting Legacy Strategies for effective estate and tax planning Jim Alverson, Director Wealth Planning Strategies Welcome to today s presentation This presentation (including
More informationIntroduction to Estate Planning
Introduction to Estate Planning Paul C. MacDonald, CLU Chartered Financial Consultant 1127 Queensborough Blvd., Suite 105 Mount Pleasant, SC 29464 843.284.0370 843.284.0372 (fax) pmacdonald@capitalsynergypartners.com
More informationTotal Financial Solutions. Practical Perspectives on Estate Planning
Total Financial Solutions Practical Perspectives on Estate Planning Contents Why estate planning? 2 A holistic approach 3 Where to start 4 Examine all aspects of your life to 4 ensure your estate plan
More informationInvestment Structures for Real Estate Investment Funds. kpmg.com
Investment Structures for Real Estate Investment Funds kpmg.com Contents Investment Structures for Real Estate Investment Funds 01 Who Are the Investors? 02 In What Assets Will the Fund Invest? 03 Will
More informationThe Truth About Taxes & Retirement
The Truth About Taxes & Retirement WILL THE GOVERNMENT INHERIT YOUR IRA? What You Should Know About Inherited IRAs Brought to you by: WHO WILL INHERIT YOUR IRA? Nancy saved for her retirement with hopes
More informationLife Insurance and Estate Planning for Retirement Plans
Reynolds Financial Group LLC A Registered Investment Advisory Firm 216 Chaucer Drive Irwin, PA 15642 724-863-5005 Phone 724-863-8031 Fax wendyl@reynoldsfinancialgroup.net Life Insurance and Estate Planning
More informationInsight on Estate Planning
Insight on Estate Planning When interest rates are low, it s high time for estate planning Asset protection: Back to basics Trusts and taxes Understanding how one affects the other can benefit your estate
More informationPlanning Strategies for Charitable Remainder Trusts
Planning Strategies for Charitable Remainder Trusts Using a Deferred Annuity 6/13 23179-13A CRT Planning with Your Clients 1 Identify clients and prospects who are: o Charitably inclined. o Interested
More informationWhen is the best time to pay income taxes on an IRA?
When is the best time to pay income taxes on an IRA? The Dilemma Many people who have been successful in saving for retirement have established a large enough nest-egg to be able to create a legacy for
More informationRoth IRA. Explore the Opportunity. 2 RBC Wealth Management
Roth IRA Explore the Opportunity 2 RBC Wealth Management N o w Y o u H a v e E v e n M o r e F l e x i b i l i t y i n H o w Y o u I n v e s t f o r Y o u r F u t u r e Retirement a time that you work
More informationWhy you need an estate plan. Now. Make things easier for the people you love.
Why you need an estate plan. Now. Make things easier for the people you love. Eight questions it s best to answer now. No one can predict the future, but one thing is sure: If we leave unanswered questions
More informationAn Integrated Approach to Managing Your Wealth. Personal Trust Services
An Integrated Approach to Managing Your Wealth Personal Trust Services A B Many wealthy individuals compartmentalize their finances, investing with brokerage firms and establishing trusts at trust companies.
More informationKelli A. Adams, EA, CFP Counselor kadams@gwwade.com Meg Welborn, JD Associate Counselor mwelborn@gwwade.com
Kelli A. Adams, EA, CFP Counselor kadams@gwwade.com Meg Welborn, JD Associate Counselor mwelborn@gwwade.com GW & Wade provides a comprehensive array of financial services to address your unique financial
More informationThe. Estate Planner. FAQs about donating real estate. The Roth IRA: Is it time to convert? It s intentionally defective?
The Estate Planner September/October 2009 FAQs about donating real estate The Roth IRA: Is it time to convert? It s intentionally defective? How an IDGT can benefit your estate plan Estate Planning Red
More informationFinancial Planning in a Low Interest Rate Environment: The Good, the Bad and the Potentially Ugly
Financial Planning in a Low Interest Rate Environment: The Good, the Bad and the Potentially Ugly In June of 2012, the 10 year Treasury note hit its lowest rate level in history when it fell to 1.62%.
More informationMinimum distribution. Making it simple
Minimum distribution Making it simple Required minimum distributions What you need to know What are required minimum distributions?... 03 TIAA-CREF s Minimum Distribution Option (MDO)... 04 Is the Minimum
More informationModule 10 S Corporation/Corporation Workbook Introduction
Module 10 Workbook Introduction Running your own business presents many challenges. One of the most difficult is complying with complex and ever-changing tax laws. This small-business tax education program
More informationEstate Planning. Some common tools used to help meet those particular needs include:
Estate Planning The Importance of Having an Estate Plan Having an estate plan is one of the most important things you can do for your family. It's not just about planning for estate taxes; it's about developing
More informationIDENTIFYING THE RIGHT TRUST FOR YOUR SITUATION PLAN FOR TOMORROW, TODAY
IDENTIFYING THE RIGHT TRUST FOR YOUR SITUATION PLAN FOR TOMORROW, TODAY Life s ups and downs make it difficult to predict the future. Your family, your health, your career may all look fine today, but
More informationThe Role of Life Insurance
The Stretch-Out IRA Strategy The Role of Life Insurance Combining life insurance with an IRA Stretch-Out is an estate planning strategy that can help build and transfer wealth IRAs are the largest and
More informationYOUR FINANCIAL FUTURE
YOUR FINANCIAL FUTURE September 2015 In This Issue Retirement Planning for Dual-Wage Earning Households Dual-wage earning couples have a lot to consider when assessing their various retirement portfolios.
More informationPrivate Financing CLIENT GUIDE. Advanced Markets
CLIENT GUIDE Advanced Markets Private Financing John Hancock Life Insurance Company (U.S.A.) (John Hancock) John Hancock Life Insurance Company of New York (John Hancock) Guiding you through life. Private
More informationEstate Planning Basics. An Overview of the Estate Planning Process
Estate Planning Basics An Overview of the Estate Planning Process What Is an Estate Plan? An estate plan is a map This map reflects the way you want your personal and financial affairs to be handled in
More informationRollover IRAs. Maximize the potential of your retirement savings
Rollover IRAs Maximize the potential of your retirement savings Consolidate Your Retirement Savings With a Rollover IRA If you have changed jobs, left the workforce or plan to retire, you likely have
More informationPersonal Trust Services
TIAA-CREF Trust Company, FSB Personal Trust Services Transfer assets to your heirs with confidence Many people assume trusts are only for the ultra-wealthy, but that is a misconception. Simply defined,
More informationInsight on estate planning
Insight on estate planning june.july.2004 Irrevocable life insurance trusts 5 things you need to know about to save taxes Should a trust be the beneficiary of your retirement plan? Providing estate plan
More information2014 YEAR-END TAX PLANNING LETTER. Tax Strategies for Individuals
Dear Clients and Friends, The country s taxpayers are facing more uncertainty than usual as they approach the 2014 tax season. They may feel trapped in limbo while Congress is preoccupied with the November
More informationIrrevocable Life Insurance Trusts
Irrevocable Life Insurance Trusts Producer Guide 1 Irrevocable Life Insurance Trusts For producer use only. Not for distribution to the public. An In-Depth Look at the ILIT An irrevocable life insurance
More informationWealth Transfer Planning Considerations for 2011 and 2012
THE CENTER FOR WEALTH PLANNING Wealth Transfer Planning Considerations for 2011 and 2012 March 2011 The Center for Wealth Planning is part of Credit Suisse s Private Banking USA and does not provide tax
More informationGift and estate planning: Opportunities abound
Gift and estate planning: Opportunities abound Vanguard research July 2013 Executive summary. Under federal gift and estate tax rules, individuals can potentially make significant gifts that are exempt
More informationPrivate Banking Wealth Management
Private Banking Wealth Management Our mission Our mission is to be with you at every point, providing the financial expertise to help you achieve your goals. Whether your needs are basic or complex, we
More informationA guide for managing your IRA inheritance. Maximize your inherited IRA and enhance your financial security.
A guide for managing your IRA inheritance Maximize your inherited IRA and enhance your financial security. Make the most of your inheritance by taking advantage of continued tax-deferred growth potential.
More information2009 Morgan Stanley Smith Barney LLC. Member SIPC.
Preparing for Retirement: What You Need to Know 2009 Morgan Stanley Smith Barney LLC. Member SIPC. Preparing for Retirement Envision the Next Chapter Understand the Risks Develop a Plan 2 Envisioning the
More informationHow Long Should You Pay Income Taxes on an IRA?
When is the best time to pay income taxes on an IRA? The dilemma Many people who have been successful in saving for retirement have established a large enough nest-egg to be able to create a legacy for
More informationChartered Financial Planners. Simplifying your financial life. EXPERT ADVICE. PROFESSIONALLY DELIVERED
Chartered Financial Planners. Simplifying your financial life. EXPERT ADVICE. PROFESSIONALLY DELIVERED 02 TIME TO ENJOY Through hard work and unique talent you have generated wealth. A relationship with
More informationU.S. Income Tax Return for an S Corporation
Form 1120S U.S. Income Tax Return for an S Corporation Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation. Information about Form 1120S and
More informationModule 10 S Corporation/Corporation Study Guide Introduction
Module 10 Study Guide Introduction Running your own business presents many challenges. One of the most difficult is complying with complex and ever-changing tax laws. This small-business tax education
More informationBuy-Sell Planning. Succession Planning for Business Owners. Guiding you through life. SALES STRATEGY BUSINESS. Advanced Markets. Situation.
Guiding you through life. SALES STRATEGY BUSINESS Buy-Sell Planning Succession Planning for Owners Situation owners should plan to protect their business in case of the sudden death, retirement, or disability
More informationPFS Planning Update Planning for the Net Investment Income Tax, also known as the Medicare Contribution Tax
www.pwc.com/us/pfs PFS Planning Update Personal Financial Services Planning for the Net Investment Income Tax, also known as the Medicare Contribution Tax Local disclaimer and copyright statements go here
More informationBe Your Clients' Hero: Decision Time for Income Tax Reduction as Trust Taxes Soar. Volume 8, Issue 12
Be Your Clients' Hero: Decision Time for Income Tax Reduction as Trust Taxes Soar Volume 8, Issue 12 Income Tax Options Run Out December 31 for Non- Grantor Trusts! Most clients and advisors have not yet
More informationWHAT YOU NEED TO KNOW ABOUT SETTLING AN ESTATE. A handy guide to the steps necessary to settle an estate in Maryland.
WHAT YOU NEED TO KNOW ABOUT SETTLING AN ESTATE A handy guide to the steps necessary to settle an estate in Maryland. WHAT YOU NEED TO KNOW ABOUT SETTLING AN ESTATE This publication provides general information
More informationSmart End of Financial Year Strategies
Level 7,34 Charles St Parramatta Parramatt NSW 2150 PO Box 103 Parramatta NSW 2124 Phone: 02 9687 1966 Fax: 02 9635 3564 Web: www.carnegie.com.au Build Guide Protect Manage Wealth Smart End of Financial
More informationGuide To Wealth Management
Guide To Wealth Management There are many financial issues that impact our lives. Many people never formally address important concerns with their advisors because the conversations may be difficult to
More informationThe Financial Planning Process
The Financial Planning Process Overview Financial planning is the setting and implementation of goals for the utilization of one s money. Financial planning is not a product or a service but a series of
More informationSECTION 21 - DEFERRED GIVING PROGRAM
SECTION 21 - DEFERRED GIVING PROGRAM Policy Sequence 21-000 1 This page intentionally left blank. 2 Introduction In keeping with the long term objectives of the University, it is the policy of the Board
More informationWealth Transfer Planning
Wealth Transfer Planning For Business Owners ESTATE PLANNING SERVICES Merrill Lynch does not provide tax, accounting or legal advice. Any information presented about tax considerations affecting client
More informationACTIONABLE STRATEGIES FOR REDUCING MEDICARE TAXES
ACTIONABLE STRATEGIES FOR REDUCING MEDICARE TAXES Medicare taxes increased in 2013 for high-income earners. Timely action can help reduce the impact of higher taxes. KEY TAKEAWAYS High-income taxpayers
More informationCRT with assets that, if sold by you, would generate a long-term capital gain, your CHARITABLE REMAINDERTRUSTS
The Charitable Remainder Unitrust CRT ) can be an effective means for diversifying highly appreciated assets while avoiding or postponing capital gains tax, increasing cash flow during your lifetime, obtaining
More informationBeneficiary Planning Investor Guide. Design a plan for you and your beneficiaries
Beneficiary Planning Investor Guide Design a plan for you and your beneficiaries Today is an important day. It is the day you will develop a comprehensive beneficiary plan that will let you relax, knowing
More informationThe 3.8% Medicare Surtax on Investment Income
Wealth Strategy Report The 3.8% Medicare Surtax on Investment Income OVERVIEW Beginning in 2013, certain investment income will be subject to an additional 3.8% surtax, enacted as part of the Health Care
More informationPrivate foundations Establishing a vehicle for your charitable vision
Private foundations Establishing a vehicle for your charitable vision I didn t know where to start. The advice I received on creating a private foundation pointed me in the right direction, and now I m
More informationInsurance Policy Review For Trustees Planning by Design Series
Insurance Policy Review For Trustees Planning by Design Series Insurance Designers of America, LLC As one of the country s oldest and most successful insurance brokerage organizations, Insurance Designers
More informationDo I need to do Financial Planning?
Do I need to do Financial Planning? If so, what type of planning do I need? Self Scoring Please write in the corresponding number for each of your answers. Total your answers after each section and again
More information2015 TAX COURT JUDICIAL CONFERENCE
2015 TAX COURT JUDICIAL CONFERENCE CONFLICTS AND CHAOS: THE IMPORTANCE OF TIMELY RECOGNIZING AND MANAGING CONFLICTS OF INTEREST AND RELATED PROBLEMS IN TAX LITIGATION Discussion Hypotheticals May 22, 2015
More informationInherited Annuity/IRA Analysis
Phase 1 Income to match your lifestyle and preserve your wealth Phase 2 Continuing income for spousal security and independence Phase 3 A legacy that passes to the next generation Prepared For : Thomas
More informationFarmland Preservation An Estate Planning Tool
Fact Sheet 779 Farmland Preservation An Estate Planning Tool If current trends are left unchecked, Maryland could lose 500,000 acres of farmland, forests, and other open spaces to development over the
More informationCharitable Remainder Annuity Trust
Key Benefits Fixed income stream payable to the donor and spouse for as long as either is alive. Income tax deduction available for the computed value of the charitable gift. Investments are managed inside
More informationWHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU?
WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU? In 1974, when IRAs were first created, they were rather simple and straightforward. Now, 35 years later, it s challenging to know the best way to save more
More informationGiving Closely Held Stock
Gift & Estate Planning Giving Closely Held Stock SM Stewarding the Giver and The Gift >> Focus on the Family, Attn: Gift & Estate Planning 8605 Explorer Drive Colorado Springs, CO 80920 800-782-8227 giftplanning@fotf.org
More information