The clock is ticking! Help your clients to take advantage of the 2010 Tax Act before time runs out!
In 2010, President Obama signed into law the Tax Relief, allowing an exemption of $5 million per individual and $10 million per couple for estate, gift and generation-skipping transfer taxes. What does this mean for your clients? Your clients and prospects now have less than two years to use their exemption amount to make tax-free transfers during their life, at their deaths or in combination of both.
Why is now the time to help your clients plan for estate tax liquidity?
- Estate taxes are here to stay
- Estate taxes are due to cash within nine-months of death
- Upon a client’s unexpected passing, it may be necessary to sell liquid assets for a price well below market value in order to generate quick cash
- Federal estate tax rates are progressive- the more you own, the more you owe
Want More Legacy Planning Information?
- Looking for additional information on using the benefits of the current Tax Act to help with your clients legacy planning? Take some time to view this presentation from Transamerica.
- Want to learn more about the rules concerning the Tax Act for 2011 and 2012? This article written by Louis Shuntich, Senior Vice President of Advanced Planning for All State, details all the stipulations of this Act.
- What will happen to taxable gifts after the Tax Act expires at the end of 2012? This report from ALLU provides a premiere analysis of what can occur in 2013.
Need Marketing and Sales Collateral?
- Need a way to effectively discuss legacy planning to prospective clients as well as advisors? These prewritten letters will provide you with the best ways to communicate the importance of taking advantage of the Tax Act before the time and opportunity runs out!
- Looking for sales tips that will help ease the minds of hesitant clients who are uncomfortable with long-term uncertainty? This article will provide you with methods and ideas on ways you can help your clients take action during this brief window of opportunity.
- Need a specific trust you can present to prospects and clients that they can add to their estate plan? This flyer provides information on Lincoln Benefit Life’s Survivorship Standby Trust which enables a younger spouse to purchase survivorship life insurance for themselves, their spouse and retain control over the coverage for the reminder of their life.
Your clients trust in you to help them receive the best coverage for themselves, their family and their assets. Don’t let them miss out on the opportunities provided by Tax Act 2010.