Recently it has become apparent that salesmen are attempting to lock individuals into long-term contracts for services that may or may not be useful in the future. As technology advances and competition increases, prices fall. Before you buy a long-term contract, review the product and review the litiature about the product to ensure that you’re not buying what we call “ripe fruit.” Anytime the writing is on the wall indicating that a product is on it’s way out, be wary because unscrupulous salesmen will attempt to take advantage.
Qualified Income Trusts (also known as Miller Trusts or a QIT) are necessary when the…
Trusts, like everyone else, pay taxes when they earn income or sell capital assets for…
People often visit us and ask about using a trust to protect assets in the…
Last year we wrote about qualified longevity annuity contracts, sometimes referred to as QLACs. On…
People regularly ask us whether they should use a trust to protect assets in case…
We haven't posted much lately because we've been busier than a one-armed paper-hanger, but we…