Aventura News Apr.29-May.5 2009
by Keith Owen

The estate tax is currently scheduled to be repealed in 2010 (i.e., zero tax). However, President Obama’s new budget calls for estates valued over $3.5M ($7M for married couples) to be taxed at a rate of 45% next year and beyond. Given that these are also the current 2009 levels, the new administration argues that there is no estate tax increase. Which view do you take on this? (A) The proposed estate tax is not an increase because it mirrors 2009; or, (B) The proposed estate tax is vastly greater than the scheduled repeal of the estate tax in 2010. Some argue that this proposal signifies the largest estate tax increase in U.S. history. In all fairness, the current proposal is more favorable to consumers after 2010.

An increasingly popular estate planning tool that many people are still unaware of is premium financing for life insurance. Those that may qualify for premium financing for life insurance are individuals between the ages of 70 and 85 with a net worth of at least $1 million.

4 Key Reasons to Consider Premium Financing:

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Concerned about your retirement funds?

Some Americans that are in retirement are concerned about recent devaluations in their nest eggs, relative to the capital crisis. One way to avoid and prevent the government from inheriting your hard-earned wealth is to hedge this crisis with a very valuable option for those whom qualify (Click here http://www.banyanlife.com/). The idea is to finance a life insurance policy for estate tax planning purposes.

Unless Congress makes a change, estate tax laws will revert back to 2001 guidelines in 2011. This will have a significant impact on seniors and their families.

• Maximum exemptions will be $1 million per person
• Estate tax rates will return to 55%
• Families may be left with substantial financial burdens from the estate tax due within 9 months of death (http://www.banyanlife.com/estate-calculator/)

Even financial expert Warren Buffett advocates keeping an estate tax in place, so now is the time to start preparing for the future. For expert information on how help protect your estate and your heirs from uncertain inheritance tax laws, call 800-828-ESTATE (3782) today!

Jon Kidd/ Keith Owen
Banyan Life Financial
800-828-ESTATE (3782)
www.BanyanLife.com

Banyan Life Financial receives “Best Estate Planning” award from Miami Sun Post
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