How to Pass Money To Heirs Tax-Free. An Often Overlooked Way To Do It. – Cravitz Financial & Insurance Solutions

How to Pass Money To Heirs Tax-Free. An Often Overlooked Way To Do It.

In this video I discuss a strategy to leave a specified amount of money to your kids or grandkids income tax free, while at the same time allowing you to feel free to spend the rest. Often times an IRA is not going to be the best account to pass to your heirs since the account will taxed at ordinary income tax rates. No longer can a child stretch an inherited IRA over the course of their lifetime. They must now take out all the money in 10 years. This strategy discussed here includes using Guaranteed Universal Life. The planning concept discussed is base on some actual planning I am doing with a client.


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Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Cravitz Financial & Insurance Solutions are independent of each other. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. Information provided is not intended as tax or legal advice, and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional.  Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents.  CA Insurance License #0C86000.

Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company and are not offered by Brookstone Capital Management. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Ryan Cravitz and/or Cravitz Financial and Insurance Solutions are not affiliated with or endorsed by the Social Administration or any other government agency.

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