Winning the Wealth Game: How to Keep Your Money in Your Family

by Andrew D. Westhem

Book Overview

Offers tax-saving strategies; explains wills, trusts, estate taxes, and probate; and shows how to choose the best possible plan for transfer of wealth This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0793103762
• ISBN13: 9780793103768
• Release Date: January 1991
• Publisher: Kaplan Publishing
• Length: 279 Pages

Customer Reviews

Winning the Wealth Game

If you anticipate leaving your loved ones a house, car, assets you've accumulated in a retirement account or pension fund, a small business, real estate, an investment portfolio or life insurance policies, you may be shocked to discover you're considered wealthy by the IRS. To the IRS, anyone with assets over $600,000 is wealthy - and those assets can add up fast. This means that the assets you've worked hard for all your life and, in many cases have already paid taxes on, can be taxed again - anywhere from 37 percent all the way up to 80 percent! You could get really angry, OR, you could follow the straightforward explanations and perscriptions in Winning the Wealth Game and take action to keep your money where it belongs! Virtually every family and business owner will find helpful, practical plans to put in place immediately. Tables and charts illustrate what you need to know as you determine your wealth transfer needs. For the millions of people who will be taxed as wealthy, even when they haven't lived that way, Winning the Wealth Game offers practical solutions: Give the IRS exactly what it requires (and not a penny more) so you can keep your money where it belongs - in your family.