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Estate Preservation Financial Services
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Welcome to Estate Preservation
"The Complete Solution Center"
ARE YOUR ASSETS AT RISK WITH LONG TERM NURSING CARE? IF YOU HAVE LTC INSURANCE IT WILL HELP BUT WHAT HAPPENS TO YOUR ASSETS?
We work with Attorneys that are specialist in Medicaid Planning to protect your assets.
Medicaid is not just for welfare, anyone over 65 qualifies for Medicare and for Medicaid.
Call 214-795-2457 Call Today
Even with the Best Intentions, You Could
Be Placing Your Family's Wealth at Risk
Even though the federal estate tax laws were recently changed (to the benefit of many individual taxpayers), estate taxes could still pose a threat to your overall wealth. With highest estate tax rates still close to 50%, protecting your estate from the ravages of estate taxation(not only for now but for the future), remains a priority for higher net wealth individuals.
Unfortunately, some families place their wealth at risk, even with the best intentions in mind. Married couples sometimes do it by owning assets jointly or by naming spouses as the sole beneficiary of their IRAs and other retirement plan accounts (without naming contingent beneficiaries).Naturally, you would want to ensure that your spouse has sufficient financial resources for support after you die, and passing your IRA to your spouse upon your death can be a good way to provide this support.
Don't Rely on Average Life Expectancy
Longevity or the risk of outliving your savings is a significant concern for many who are facing retirement today. It goes without saying that improper assumptions about life expectancy can sometime lead to inappropriate financial planning in retirement.
So how long should your retirement savings last? Unfortunately, different statistical sources can sometimes lead to conflicting assumptions. For example, IRS publication 590 for 2004 suggests that a 70-year-old is expected to live 17 years, on average. Are you average? Do these statistics tell the whole story?
Tables that present average life expectancies suggest that half of the people reaching age 70 will die prior to age 87 and half will live past age 87. So what planning horizon should you use for your financial planning? With this question in mind, let's take look at a second source of information provided by the National Vital Statistics Reports (2004):
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Attained Age |
Probability of |
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Reaching age 90 |
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70 |
26% |
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75 |
30% |
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80 |
38% |
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85 |
55% |
Derived from National Vital Statistics Reports, Vol. 52, No. 14,February 18, 2004 Table 1: Life Table for the Total Population:United States
This source approaches the life expectancy question from an alternative perspective. The information from this source suggests that while the average life expectancy might actually be 17 years at age 70, there is actually a 26% chance that such a person will live at least to the age of 90.In view of this finding, would you feel comfortable planning for just17 years?
The probability or expectancy of living to certain ages is relevant when you make financial decisions. With this information, you can make informed decisions about your spending. For example,should you go ahead and spend more per month, given that your money under your current budget is projected to last until you are age 90? After all, you might only have a 26% chance of living past age 90 anyway? But, what happens if you live past age 90? The seare the types of decisions that require careful planning.
Would you like some information so that you can assess the adequacy of your financial plan and how long your financial resources should last?
Call 972-686-2810 explore many great opportunities.
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DO YOU NEED INCOME?
Are you looking for a guaranteed "Pay Day" for the rest of your life? Let us show you how to secure your retirement income, then pass it to the Spouse, then to your Children. Most of you are building a retirement program for the Government!
Are you earning 8%? Call us today and we will show you how your money can grow at 5%, 7% or 8% with guaranteed lifetime income.
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CD's are at an all time low, the market is in a up/down mode -
You've saved your ENTIRE LIFE -now is the time to PROTECT IT.
Are you worried about the stock market, your bank, your savings,your insurance company? How secure is your money? All our products are insuranced and guaranteed. We will show you how to protect your assets.
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Let us show you how to stop the worry of LTC,Cost of Living,Inflation and running out of money with a Lifetime Income Program.If you have yet to develop a plan for you and your family and would like to learn about a program that will grow at 5%, 7% or 8%don't wait -
"Call today for a no cost, no obligation 'Get Acquainted' meeting, and begin your financial planning process now!"
Call 214-795-2457 Call Today
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This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice to your situtation.
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