Secure Your Wealth: Ensure Your Family and Charity Benefit, Not the Taxman

By Laura Fitzsimons

When you consistently make more than you spend, you create wealth. Over time, this wealth can lead to significant estate taxes upon death.

The Good News

With a small amount of proactive planning—using corporate-owned life insurance integrated into your estate plan—you can significantly reduce those taxes.

Who do you want to make the beneficiary of your corporate wealth?

• Family

• Charity

• The Taxman

Without planning, the government will make this decision for you.

Without proactive planning, 25% to 66% of corporate wealth can evaporate due to taxes.

Unplanned Legacy Tax Exposure:

50% to Taxman, 50% to Family Wealth.

Unplanned Legacy Tax Exposure

Generational Legacy (Family and Corporate Wealth):

33% Personal Wealth, 67% Corporate Wealth.

Generational Legacy (Family and Corporate Wealth)

Generational Legacy (Balanced):

33% to Family Wealth, 33% to Corporate Wealth, and 33% to Charity.

Generational Legacy (Balanced)

Our idea for business owners is Insure, Freeze, Redeem, Benefit (IFRB) program can help coordinate your advisors into an integrated proactive plan, so you have one less item on your to-do-list.

This publication contains the opinion of the writer. The information contained herein was obtained from sources believed to be reliable, but no representation or warranty, express or implied, is made by the writer, Mandeville or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any securities. The information in this publication is intended for informational purposes only and is not intended to constitute investment, financial, legal, tax or accounting advice. Many factors unknown to us may affect the applicability of any statement or comment made in this publication to your particular circumstances. Hence, you should not rely on the information in this publication for investment, financial, legal tax or accounting advice. You should consult your financial advisor or other professionals before acting on any information in this communication.