DeMoss Capital™

Not understanding the impact life insurance has on estate and inheritance taxes.
Not understanding the impact retirement plan assets have on estate tax and on your beneficiaries' income tax.
Not understanding the true "fair market value" of your assets.
Not focusing on Emotional Estate Planning -- letting the "tax tail wag the plan."
Not coordinating your retirement plan, annuity and life insurance beneficiary designations with your Will and Trusts.
Not reviewing your estate plan every 3 years or so.
Not taking advantage of the ability to "discount" your assets -- convince the IRS that the value of your assets for estate tax purposes is less than they really are.
Not taking advantage of charitable gifting -- directing your "Social Wealth" to your favorite charities other than the IRS.
Not having a one-stop advisor team or not having your advisors work as a team - certified estate planning attorney, insurance representative, financial advisor and accountant.
Not having a "relationship" with your certified estate planning attorney and advisors.

Recent Insight