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It may seem unbelievable but
it’s possible to make hundreds of thousands of dollars in a
matter of hours–legally and tax-free. To see if you qualify,
read on.
I recently met with a successful dentist and his wife. They
were in their mid 60's and had worked for years to achieve a
level of wealth that would allow them a comfortable
lifestyle. Including real estate, investments, retirement
accounts and life insurance, their net worth was
approximately 3 million dollars.
The dentist made approximately $200,000 per year from his
dental practice. In less than an hour, I was able to show
them how he could make 4 years worth of income in only about
8 hours. If you’ve been successful and have achieved this
level of wealth, this opportunity may apply to you as well.
They have successfully run a dental practice for almost 30
years and have put money away each year into a retirement
account to provide for their future. They purchased a home
and an office building and sacrificed for years to pay off
the mortgages to own them free and clear. They followed the
right steps and accumulated wealth. But in the midst of
working so hard to acquire that wealth, they overlooked one
thing–how to make sure that wealth wasn’t squandered when
they passed away.
Believe it or not, this dentist and his wife who were worth
over 3 million dollars don’t even have a Last Will and
Testament. That oversight could cost them $800,000 and means
that their estate will be tied up in Probate when they die.
The courts and attorneys will be involved in the process. It
could take a year or longer before their assets passed to
their children. Probate alone could cost tens of thousands
of dollars in legal fees.
Since they don’t have a Last Will and Testament, it will be
up to the State to decide who will receive their assets at
their death. This can often lead to the inheritance being
divided differently than is desired. And there’s nothing the
surviving family members can do about it.
That’s not the worst part of it. Their lack of planning
could result in almost $800,000 of the estate being lost to
Federal Estate Taxes and State Inheritance Taxes. Think how
long they worked and sacrificed and saved to accumulate
$800,000. Yet it could be lost--going to the Federal and
State governments instead of to their heirs.
Fortunately, it’s not too late for this couple. They can
make over $100,000 per hour–almost 4 years annual income–in
about 8 hours or less, just by taking the time to have a
Last Will and Testament drafted, signed and witnessed.
That’s it. It’s that easy. Legal, tax-free money that
otherwise will be lost.
A Last Will and Testament only costs $500-$1,000 and can
include the language necessary to save almost $800,000 in
estate taxes. A Last Will and Testament will still require
their estate to go through probate though.
With a little additional work and an additional $500-$1,000,
a Living Trust can be drafted in addition to their Last Will
and Testament. Any assets transferred into the Living Trust
would avoid Probate, be easily managed should they become
incapacitated and settled at their death without involving
attorneys or the courts.
Many people find it easy to procrastinate when it comes to
having a Last Will and Testament or a Living Trust drafted.
They recognize the need, but the day-to-day pressures of
life force it to the back burner.
If you had the ability to make several hundred thousand
dollars in just a few hours, wouldn’t you make time to do
it? If you’ve successfully accumulated wealth and haven’t
taken the time to put your estate documents in place, you
have the ability to make many times your annual income in
just a few hours. So don’t delay. Take action today to get a
Last Will and Testament and a Living Trust. You and your
heirs will be glad you did.
If you have questions about how to plan your estate and
would like free, unbiased advice, send your questions to
jeff@guardingyourwealth.com.
Mr. Voudrie is a Certified Financial Planner, nationally
syndicated newspaper columnist and President of Legacy
Planning Group, Inc., a Private Wealth Management Firm in
Johnson City, TN. He can be reached toll-free at
1-877-827-1463 or at
jeff@guardingyourwealth.com.
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