| QUOTES from
the
Masters... |
| On Thinking Big |
On Perseverance/Persistence |
| "If
you want to have a WOW life, write yourself a WOW business plan."
-– Mark
Victor Hansen
"Never
measure the height of a mountain until you have reached the top.
Then you will see how low it was." -– Dag
Hammarskjold
"Looking
to the stars always makes me dream, as simply as I dream over the black
dots representing towns and villages on a map. Why, I ask myself,
shouldn't the shining dots of the sky be as accessible as the black
dots
on the map of France?" -- Vincent
Van
Gogh
"Every
great advance in science has issued from a new audacity of
imagination."
-- John Dewey |
"When
you get into a tight place, and everything goes against you, till it
seems
as though you could not hold on a moment longer, never give up
then--for
that is just the place and time that the tide will turn." -- Harriet
Beecher Stowe
"Big
shots are only little shots who keep shooting." -– Christopher
Morley
"If
what you are doing is worth doing, hang in there until it is done."
-– Nido Qubein
"Winning
is easy...all you have to do is outlast your opponent." -– Doug
Firebaugh |
|
Another
Role for Life Insurance…
The
Wealth Replacement Trust
The Problem:
There can be significant
tax advantages in giving appreciated assets to a charity.
Examples
include real estate and securities. If you were to sell an
appreciated
asset, the gain would be subject to capital gains tax. By
donating
the appreciated asset to a charity, however, you can receive an income
tax deduction equal to the fair market value of the asset and pay no
capital
gains tax on the increased value.
| For
example, Donor A purchased $25,000
of publicly-traded stock several years ago. That stock is now
worth
$100,000. If she sells the stock, Donor A must pay capital gains
tax on the $75,000 gain. Alternatively, Donor A can donate the
stock
to a qualified charity and, in turn, receive a $100,000 charitable
income
tax deduction. When the charity then sells the stock, no capital
gains tax is due on the appreciation. |
When
a donor makes
substantial gifts to charity, however, the donor's family is deprived
of
those assets that they might otherwise have received.
A Potential Life
Insurance Solution:
In order to replace
the value of the assets transferred to a charity, the donor establishes
a second trust - an irrevocable life insurance trust - and the trustee
acquires life insurance on the donor's life in an amount equal to the
value
of the charitable gift. Using the charitable deduction income tax
savings and any annual cash flow from a charitable trust or charitable
gift annuity, the donor makes gifts to the irrevocable life insurance
trust
that are then used to pay the life insurance policy premiums. At
the donor's death, the life insurance proceeds generally pass to the
donor's
heirs free of income tax and estate tax, replacing the value of the
assets
that were given to the charity.
Please
contact my office
if you would like more information on wealth replacement trusts.
|
| MESSAGES
from
the Masters... |
LIVING
AND OPERATING WITH INTEGRITY by Paul J. Meyer
Integrity
is where it all begins!
Integrity
is real and concrete!
Integrity
is measurable and includes traits like being honest, keeping your word,
standing your ground for what is right, and maintaining your honor.
It
is something you can't pretend to have.
Real
integrity is treating others the way you want to be treated even when
nobody
is watching...the Golden Rule.
If
your foundation is one of integrity, your choices and decisions will
bear
that out. On the other hand, if you lack integrity, that too will
become
evident.
Your
upright actions will show in every instance that: "I do the right thing
simply because it is the right thing to do."
In
the book of Proverbs, it says: The
integrity of the upright guides them.
Also, A person of integrity works
securely, but he who walks a crooked
path will be found out.
Here
are some benefits I have found from keeping integrity:
* Increased
sales and profits
*
Inspiration and motivation
*
Unexpected favor
*
Respect and appreciation
*
A good name and reputation
*
Peace and contentment
*
God's blessings in every part of my life
|
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don't want to add to your e-mail clutter! If you do not enjoy
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office. Thanks!
The purpose
of this newsletter
is to provide information of general interest to our clients, potential
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general
in nature and should not be considered complete information on any
product
or concept described. For more complete information, please
contact
my office at the phone number above.
|
