Steven Sears Attorney and CPA

Steven Sears Attorney And CPA Tax Plannig

A Life Insurance Trust is quite simply a document that acts like a very
private and secure box into which you place your life insurance policy.
Do you know that upon your death the life insurance proceeds will be
included in your Estate.

Steven Sears Attorney And CPA In
order to file an Offer in Compromise, you must submit appropriate IRS
forms and provide comprehensive financial statements to the IRS. These
forms must be completed correctly in order to increase your chance of
negotiating a good settlement amount.

Our firm has provided assistance to clients in all tax, legal,
financial and accounting matters and has represented many taxpayers.
Our staff includes experienced professionals such as CPA's, attorneys,
and enrolled agents to provide full legal representation before the
Internal Revenue service and state tax authorities.

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Typically, we transfer all or most of your personal and business assets
into this partnership. The family house, bank or brokerage accounts,
and other real estate investments will be transferred into the
partnership.

Steven Sears Attorney
Life Insurance Trusts

Many people do not realize that the value of their life insurance
upon their death is a taxable event. With a Life Insurance Trust, your
insurance policy becomes an asset of your trust and the premium to be
paid upon your death would be designated as "gifts." Upon your death
the proceeds of the life insurance would then go tax free to your
children and you could also provide for your spouse and other family
members as well.

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the trustee is given the authority to designate the beneficiary’s
amount and time frame for receiving benefits. Payments can be
designated for medical, educational or for lifestyle. The benefits can
also be broken up through the years or ages the children reach. So
through a Living Trust, upon death, we get the assets, take control
through a successor trustee, which there can be many in some cases.
There is also the issue of Guardianship of children. You will need to
designate a mature individual with guardianship and a trustee for
financial management, never one person for both matters.

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