United Wealth Protection Concepts

All planning approved by the American Academy of Estate & Asset Protection Planners, LLC. Over the last 80 years or so it has become more difficult for Americans to keep what they earn. Under today's rules what is yours is yours - until the tax collector or someone else finds a way to take it from you. Here are what we see as the three main drains.... The Constant Drain Income from salary and investments is not yours alone. Federal and State Governments can claim up to 50% of your salary. Federal capital gains tax can claim from 15% to 23.8%. This is only the Federal government. Many states also tax income along with capital gains and that adds to the total tax number. Actually you lose a lot more than the raw number on capital gains since inflation can add to your taxable profit but not to your real profit. Estate Taxes After paying all of the taxes on your salary and capital gains, you now pay taxes for the right to die. If not properly structured, your entire estate, everything you have accumulated in a lifetime of paying taxes, is again taxed and at combined Federal and State rates that may top 50%. Estate taxes are probably the ugliest tax of all. Estate taxes may force a grieving family to liquidate a business or real estate holdings at fire sale prices. The Federal exemption for 2013 is $5,250,000. However, 21 states plus the District of Columbia have much lower exemption amounts. Lawsuits An average of 43,000 lawsuits are filed every day in the US. The US accounts for over 94% of all of the lawsuits filed in the world. What isn't lost to taxes is exposed 24 hours a day to the threat of imaginative lawsuits: lawsuits from governmental agencies and lawsuits from individuals hoping for a winning ticket in the litigation lottery. The wealth you've accumulated through decades of hard work can be snatched away at the bang of a judge's gavel. The grounds for a government seizure or a catastrophic lawsuit can seem ludicrous - UNTIL YOU'RE THE TARGET!!! For many of your clients, the most strongly desired ...Read More