From last 1 year dealing in Finance, accounting and tax professionals to benchmark, establish best practices, and be the voice of the industry on key financial and accounting issues affecting retailers. Recent topics of interest have included Sarbanes-Oxley compliance, lease accounting, and financial regulatory matters.
Insurance can help protect you, your family and the things that are important to you is a good decision. That's why we created an area dedicated to helping you make the right insurance choices.
For general advice, tips and answers to common questions about auto, home, life, health, travel and creditor insurance. It's a great way to discover the different ways insurance can help meet your needs.
When your appreciated assets and investments transfer to your heirs, a significant percentage of the gains could be subject to substantial capital gains taxes. For example, if you bought a second home or seasonal property for $70,000 and it's now worth $270,000, then $100,000, representing 50% of the $200,000 capital gain, would be taxed at your estate's marginal income tax rate. If that rate is 45%, then your heirs would incur $45,000 in immediate tax liability.
To avoid this situation, you can purchase life insurance to pay for this potential tax liability. What's more, the death benefit payment from your policy will be tax-free.*
