A simple will, just isn’t enough! Your government wants two-thirds (2/3). Rocco Beatrice You will need more estate planning under the new 2001 Tax Act. The dreaded phase-ins have created a double layer of laws affecting (1) estate taxes and (2) gift taxes all which will be repealed. Estate Taxes is the only voluntary tax in the Internal Revenue Code. You can avoid estate...
ULTRA TRUST™ – What’s a Trust? A “TRUST” is nothing more than a “CONTRACT.” The purpose of a TRUST is to create an “Artificial Legal Person” to protect, hold, and manage your private wealth for the benefit of your heirs. As in any contract, someone must initiate the contract (Grantor or Trustee). The contract (trust agreement) must specify the who, what, where, when, why, and other conditions. Finally,...
ULTRA TRUST® – Medicaid Benefits “The Deficit Reduction Act of 2005 (S.1932) [DRA]” signed by the President on Feb. 8, 2006. The Act established a June 30, 2006 deadline for the Secretary of Health and Human Services (HHS) to release regulations for states to come in compliance with the new law. Among other provisions, … the new law places severe new restrictions on the ability...
