Most people are aware that taxes may be owed on the transfer of estate assets, but people tend to be foggy on the details, until it’s too late to do anything about it.
Just because Warren Buffet wants billionaires to sign his giving pledge, doesn’t mean you have to. However, not everyone wants to leave everything to their kids.
If you’re a business owner who loves what you do, you consider your business to be one of your biggest achievements after your family and enjoy the challenges it presents. As for retiring, why should you?
We may never know how one of the founders of Microsoft structured his estate plan. His finances were addressed wisely, and his legacy will likely continue for many years, if not many generations.
Here’s a complex area that people tend to ignore, until it’s too late to do anything about it. Better solution: speak with an estate planning attorney while changes can still be made.
Sandberg is donating her entire stake in Survey Monkey to charity, in the shape of shares or the proceeds of sales of those shares. The Facebook COO and Survey Monkey board member has embraced the Giving Pledge.
Life insurance can be useful in paying off debt, covering funeral costs and serving as a useful resource so that estate proceeds or any one person’s savings don’t have to be tapped.