Dear Clients and Friends,

As we turn to the next chapter on the status of the economy, taxes, and the pandemic, we have to admit that NO ONE seems to have a crystal ball vision as to what is going to happen at least not in the short term. Recently, we produced and delivered to you our Special Report updating you on President Biden’s proposal (Click here if you missed it).
 
What we do know is that Summer is here... and, we wish you a “cool” and wonderful Summer full of friends and family. With July 4th in our rearview mirror, we thank our troops both present and past for all they do to protect our nation and keep us safe (including, the unique freedom we possess in the United States). We also reiterate our condolences for those who have experienced deep loss and thanks to the front-line workers and their families that have made huge sacrifices over the last 18 months.
 
In this Edition of Generations

This newsletter will focus on the 5th and 6th articles of our six-part series on what it takes to build a successful and comprehensive estate plan. These two articles will focus on important customized trust provisions (Part 5) and how to customize your philanthropic/charitable giving to your existing estate plan (Part 6).

Finally, we have provided you with an article on auditing your life insurance policies. Is it time to keep or sell your existing policies? Is it time to buy more insurance in light of the proposed higher taxes and reduced estate tax exemption? We address these questions and more.
 
So, sit back and enjoy this Summer edition of our Generations newsletter.

Sincerely,

Ed



Edward E. Wollman, J.D., LL.M.
Board Certified Wills, Trusts & Estates Attorney

Chartered Advisor in Philanthropy

“The best time to plant a tree was 20 years ago.
The second best time is now.” 
– Chinese Proverb
Read Now | Customizing Your Trusts
Read Now | Designing Your Legacy

Clients often ask us about their life insurance policies and their value to their estate plans.

We often hear, "Should I go or should I stay?"

"Should I keep my existing policies, or should I buy more life insurance to replace the wealth that may be needed in the future to pay taxes and other expenses?"

"How do you know if you have too little or too much life insurance for your estate and financial plan?"

This article will explain how you can audit your existing life insurance portfolio and determine if it is time to keep or sell your current policies. We will also explain how to know if it is time to buy more insurance in light of the proposed higher taxes and reduced estate tax exemption.

Read Now
Part 1: Building a Roadmap
Part 2: Building Your Team
Part 3: Risk Management
Part 4: Important Documents
We continue to offer phone conferences, Zoom, or other video communications to confirm that your plan is up-to-date and meets your current financial and personal circumstances. We are also meeting in-person to sign any new and update documents.
We had a great time at the 21st annual Lipman Family Farms Golf Classic.

All proceeds from the tournament support RCMA’s child development centers and charter schools where we provide safe and effective education along with other programs designed to assist the farmworker families of Florida.

Thank you RCMA for hosting us, and for all you do!
Click here to learn more about RCMA.

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