Estate Advisors Group

Related Sites

2009-07-12T09:37:00.002-05:00

Our related Sites:

Plan Your Budget with a Free Online Mortgage Calculator

2009-06-24T09:10:00.000-05:00

Plan Your Budget with a Free Online Mortgage Calculator

A free online mortgage calculator can assist you to assess various aspects of purchasing a home and obtaining a home loan. Mortgage lenders offer these free online mortgage calculators in order to ensure that you can design a budget prior to searching for a mortgage or looking for your dream home.

Popular Forms of Free Online Mortgage Calculators

Following are the commonest types of free online mortgage calculators:

Affordability: Affordability calculators utilize details like your monthly debt payments, your current income, projected mortgage amount and interest rate and evaluate them according to the usual underwriting norms. Underwriting is the method that is applied by the mortgage lenders to judge the eligibility of mortgage applicants.

Amortization: This calculator is used to find out in what manner and when a mortgage would be repaid in total. The amortization calculator generates an amortization schedule that demonstrates the portion of every principal and interest payment (P&I) that goes towards the principal balance of the mortgage amount and the portion that is applied towards the interest. In addition, there are free online mortgage calculators that make amortization schedules for adjustable rate mortgage loans (ARMs), however, you have to know particular details about a specific adjustable rate mortgage for the purpose of getting the accurate figures. Mortgage lenders can offer projected amortization schedules for adjustable rate mortgages and other “unusual” mortgage loans.

Monthly payment: You have identified your dream home, but are you able to afford it? You can take the help of a mortgage payment calculator to determine whether your dream home can probably be a nightmare. You would wish to think about possible interest rate hikes over and above the initially small “teaser” rates.

Refinancing: If you wish to refinance, the refinancing calculator can assist you to compare your existing mortgage to the closing costs and the terms and conditions of your new mortgage.

Nevertheless, it is recommendable since buying a home is an important decision in your life, you must seek advices from a financial consultant who can assist you to choose a mortgage that is most suitable for your requirements.

Cash Out Option

2009-05-31T11:23:00.006-05:00

Our Estate Planning programs have the unique ability to offer a cash out option after a period of time. After a couple of years you have to opportunity to recover a portion of your net worth from your assets, while leaving the assets themselves in place. Planning to retire, or just slow down a bit? Thinking of selling out the business, but the market conditions prevent that? This plan could be an excellent choice for you! Check out out videos on YouTube, and the PowerPoint on SlideShare:

http://www.youtube.com/watch?v=lZlnmIDAZdU
Use the HD Option and Full Screen for best viewing.

SlideShare PowerPoint

http://www.slideshare.net/EstateAdvisors/estate-planning-cash-out-on-fixed-assets

Estate Planning for Small Business Owners

2009-05-30T20:22:00.003-05:00

We now offer a series of videos more specific to your needs and situation. To view some of the options available to Small Business Owners, check out our YouTube Video at:

http://www.youtube.com/watch?v=TgBPlYeUNyI

Use the HD Option and Full Screen for best viewing.

Now also as a PowerPoint on SlideShare:
http://www.slideshare.net/EstateAdvisors/estate-planning-for-small-business-owners

Estate Planning for Charitable Donations

2009-05-30T20:21:00.003-05:00

We now offer a series of videos more specific to your needs and situation. To view some of the options available for Charitable Donations, Scholarships, Endowments, check out our YouTube Video at:

http://www.youtube.com/watch?v=eed-hrxoglI

Use the HD Option and Full Screen for best viewing.

Now also as a PowerPoint on SlideShare:
http://www.slideshare.net/EstateAdvisors/estate-planning-for-charitable-donations

Estate Plannng for Individuals

2009-05-30T20:19:00.002-05:00

We now offer a series of videos more specific to your needs and situation. To view some of the options available to Individuals, check out our YouTube Video at:

http://www.youtube.com/watch?v=Gbpa7zdW4eU

Use the HD Option and Full Screen for best viewing.

Now also available as PowerPoint on SlideShare
http://www.slideshare.net/EstateAdvisors/estate-planning-for-the-individual

Estate Planning for Farm and Ranch

2009-05-30T20:17:00.003-05:00

We now offer a series of videos more specific to your needs and situation. To view some of the options available to Farmers and Ranchers, check out our YouTube Video at:

http://www.youtube.com/watch?v=osCqfWavyUw

Use the HD Option and Full Screen for best viewing.

Now as a PowerPoint on SlideShare:

http://www.slideshare.net/EstateAdvisors/estate-planning-for-farm-ranch

An Example of Our Plan in Action

2009-05-25T13:56:00.004-05:00

Let’s say a Rancher or Business Owner with a large
operation has one heir who wants to remain in the
business, but three who really don’t want to. This
Program can allow a substantial tax free inherited
cash payment to the three who want out, while the
heir who wants to stay ranching can be left the
ranching operation. It could work the same with any
business entity or profession, allowing the one who
stays in the business to do so without having to buy
out the shares of those who do not. No financial
burden on those wanting to carry on the business, and
equal treatment for all of the heirs. You can substitute bakery, dry cleaners, trucking firm, or other small business for "ranching", but you get the idea. May times one child wants to continue the business, while others do not. If the current owner wants to make all things equal, the heir who gets the business should buy out the others, our plan provides a solution to this problem.

Sounds Expensive
Not as Expensive as doing nothing. While we use the 35%
Federal Estate Tax rate here, it is bound to only increase in
the years to come.
A self financing option is available to enroll in the program
and reap the benefits without an initial cash outlay for the
client. None of the client’s assets are tied up as collateral.
High net worth individuals with liquid assets have other
options available to them.

An Example
A recent example involves a 70 year old
individual who had a net worth of about $10
million. After looking over the program, he
chose to protect his estate for about $5 million,
and paid for it with his liquid assets. He could
have done the program using 100 % financing,
but chose not to. Now his estate is worth $15
million, with $5 million of highly liquid capital
available tax free to pay off those pesky tax
collectors, and keep the rest of his estate intact.

After Two Years,
Our example has three options:
He can keep the protection package in place
for the rest of his life.
He can sell a portion of the protection, and
keep the balance.
Or he can sell the protection, and recover his
costs and more, sometimes much more…..

Keep the Protection, Option One
No additional costs out of pocket.
Protection continues for Life.
His Estate has gained $5 million of tax free
income to pay the taxes when needed.
If he had financed the premium, he would not
have had to pledge any current assets as
collateral.

Selling the Protection Scenario, Option Two
After 2 years, he has the option to sell all or part of the
protection package to an outside investor.
In this example, the market value should be about $1.3m.
This client has the possibility to make a net profit of around
$1 million over the initial investment.
His Estate is now about $11 million, after that single
transaction.
In this case, he still has considerable insurance capacity to do
the program again.
He has recouped his initial investment several times over,
and increased his estate value.
No out of pocket costs! A great way to obtain cash from fixed
assets!

Estate Planning Scenarios

2009-05-25T13:53:00.002-05:00

A person reaches a certain age at which he or
she starts to think about the legacy they leave
behind. Whether they want to leave that legacy
to their heirs, or to a Church, University, School
or other favorite entity is their choice. How they
do it can mean a huge difference from a tax
liability standpoint to the beneficiary. Taxes can
actually make the beneficiary sell off or
refinance the inheritance in 9 months, not
exactly what the individual who dedicated a
lifetime building the estate had in mind.

No Will, No Planning Scenario
When there is no Will, the entire estate is subject to the
Probate Courts, attorneys and judges determine the
dissolution of the estate, and the division to each of the
heirs. Large Estates can be subject to Federal Estate Taxes
of 35% of the total Estate, as well as State and even local
Estate Taxes. The total Taxes due could amount to half of
the estate, requiring liquidation of the property, or large refinancing
problems.

Last Will & Testament Scenario
The Individual determines how the property and
assets are allocated to his heirs or others, such as a
University or Charity, but there is still the liability of
35% Federal Estate Taxes, (not to mention State or
even local Estate Taxes) which are due 9 months after
the estate passes to the beneficiary, this can destroy a
business, or farm/ranch requiring refinancing or sale
of things a person has worked his whole life for, and
wanted to pass on to his heirs. Improper planning
could cause the loss of half of the estate to taxes.

The Trust Scenario
A Trust, considered to be the ultimate in
estate planning, keeps the Estate intact, and
minimizes the initial Estate taxes.. But there
is a catch, payouts from the trust to the
beneficiary are taxed as income in the year
they are received, just as ordinary income,
and a trust has unique qualities that can make
it a challenge over the years to come.

What is the Solution?
While you cannot avoid estate taxes , you can
make paying them considerably less painful, and
leave a larger estate or charitable donation
behind. Utilizing the untapped insurance
capacity of high net worth individuals can allow
them to leave behind complete estates, or large
charitable donations, or both, and to pay off the
taxes with a tax free addition to the estate at the
same time!

Estate Tax Planning

2009-05-24T11:35:00.010-05:00

If you answer "yes" to any of these questions, we may have a solution for you!

Over 65 years of age?

Long on assets, but short on liquidity?

Do you desire to pass on your estate with a minimum of tax liability?

Want to pass on a business to one heir, while "buying out" the other heirs?

Would you like to "cash out" part of your assets while leaving them totally intact?

Want to use the extra cash for expansion, to pay down debt, or just plain fun?

Would you like to leave a legacy to a Charitable Organization or School, University?

How about a little of each of the above? That can be done, too!

Is your net worth in the 7 figure range?

Do any of these questions apply to you, your parents, someone you know, or a Business Partner?

We may have a plan for you!

Visualize a program that would allow you to offer a large addition to your estate, in liquid cash.

Imagine a program that could allow you to "cash out" a portion of your estate while not touching the actual estate itself!

Imagine a plan that could allow one heir to continue to operate the business, while offering a cash buyout to the rest of the heirs.

Imagine yourself in a plan like this, without an initial cash outlay for you!

Look for our Contact Information in the big yellow box, click to enlarge it, and call today!

STATEMENT OF BEST PRACTICES FOR THE LIFE INSURANCE PREMIUM FINANCE INDUSTRY

2009-05-22T19:16:00.000-05:00

The Life Insurance Finance
Association (LIFA) represents the Life
Insurance Premium Finance Industry, and
other life insurance, financial planning and
loan professionals who support that
industry. Life insurance premium loans
enable consumers to purchase and maintain
valuable life insurance coverage for their
family and business needs. The impetus for
LIFA's formation was the need for life
insurance premium finance professionals to
actively promote and embrace standards for
"best business practices" and assist
policymakers, insurance carriers and the
public in understanding and differentiating
between legitimate premium fmance
transactions from schemes merely cloaked
as premium fmance transactions that violate
insurable interest, anti-rebating, antiinducement
or other insurance laws. To further this goal, LIFA's Board of Directors
has adopted the following Statement of Best
Practices for the life insurance premium
finance industry.

Make the Right Choice in Premium Financing Arrangements

2009-05-22T19:15:00.000-05:00

Premium financing is an excellent way for
qualified clients to obtain the funds they
need to pay for life insurance. For many,
this is the only way they will be able to get
insurance. However, certain premium
financing arrangements, might not be
appropriate or in compliance with current
regulations.

Premium Financing is designed to ensure:

2009-05-22T19:14:00.000-05:00

~ The underlying life policy is
supported by an insurable
interest
~ The policy owner retains all
economic value in the life
policy net of loan
~ The lending options will
complement the clients
financial and insurance needs
~ The client provides adequate
consideration for the benefit
~ Full disclosure to all participants

Required for loan qualification:

2009-05-22T19:13:00.000-05:00

~ Most recent tax returns and
financial information of the
insured
~ Complete insurance illustration
through age 100
~ Underlying life policy must be
a universal life policy. The
preferred range of coverage on
one life is $2MM - $1OMM
~ Two independent life
expectancy reports
~ Authorization to obtain credit
reports of the insured

LOAN FACILITY

2009-05-22T19:11:00.001-05:00

The loan facility is established to offer
floating rate annual renewable term
loans to fund insurance premiums for
high net-worth individuals. The loan
facility allows the borrower to choose
between two initial pricing alternatives
(Prime or LIBOR). The terms and
conditions of each alternative are based
upon the evaluation of the underlying
collateral pledged to support the credit
exposure. Regardless of the pricing
alternative chosen, the loan facility is
secured solely by the collateral pledged
and does not have any personal
recourse to the insured. Each
alternative is a non-amortizing loan
that requires interest to be pre-paid on
an annual basis. If the Prime option is
chosen at inception, the borrower may
elect to convert to the LIBOR option
on any anniversary date. The lender, in
its sole discretion decides to renew the
loan on an annual basis. Some of the
factors the lender will take into account
in the renewal decision process are as
follows:
~ Collateral maintains adequate
values and must continue to be
acceptable to the lender
~ Interest payments must have
been paid and remain current
~ Insurance company ratings do
not erode

What is Premium Financing?

2009-05-22T18:47:00.000-05:00

Premium Financing was created to provide attractive cash flow options for the aging affluent. This unique product provides the insured with an economical and flexible method of procuring life insurance without the burdensome restrictions of encumbering liqid portfolios or other assets used in the family planning process. The client is able to borrow life isurance premiums through a non-amortizing loan which only requires periodic interest payments. These interest payments are a fraction of the policy premiums the clent would have paid through conventional approaches. The loan terms and conditions are established purely on the evaluation of the clients creditworthiness and the underlying insurance policy policy. Premium Finance lenders rely on their in-depth knowledge of the intrinsic value of the insurance policy.

Estate Planning Advice

2009-05-22T18:30:00.012-05:00

If you answer "yes" to any of these questions, we may have a solution for you!

Over 65 years of age?

Long on assets, but short on liquidity?

Do you desire to pass on your estate with a minimum of tax liability?

Want to pass on a business to one heir, while "buying out" the other heirs?

Would you like to "cash out" part of your assets while leaving them totally intact?

Want to use the extra cash for expansion, to pay down debt, or just plain fun?

Would you like to leave a legacy to a Charitable Organization or School, University?

How about a little of each of the above? That can be done, too!

Is your net worth in the 7 figure range?

Do any of these questions apply to you, your parents, someone you know, or a Business Partner?

We may have a plan for you! A comprehensive financial plan to transfer your estate to those that matter most to you, while minimizing the devastating effects of estate taxes.

Visualize a program that would allow you to offer a large addition to your estate, in liquid cash.

Imagine a program that could allow you to "cash out" a portion of your estate while not touching the actual estate itself!

Imagine a plan that could allow one heir to continue to operate the business, while offering a cash buyout to the rest of the heirs.

Imagine a plan like this, without an initial cash outlay for you!