2006-07-16 13:22:41 · 7 answers · asked by m u 1 in Business & Finance ➔ Personal Finance
If you have 6m
you would not be seeking advice on Yahoo
2006-07-16 13:27:21 · answer #1 · answered by G. M. 6 · 0⤊ 0⤋
Best estate planning idea is to consult a Certified Financial Planner and a good estate attorney!
2006-07-16 14:06:54 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋
Your question was not specific. Estate planning is extremely complex especially with an individual who has a net worth of $6 Million; thus, I advise you to see an attorney specializing estate planning and of course a qualified CPA who deals with estate planning.
2006-07-16 13:49:25 · answer #3 · answered by Maria Gallercia 4 · 0⤊ 0⤋
I am surprised no one answered you, yet. Of course, don't die is an obvious answer. If you're worried about your heirs paying estate taxes, buy lots and lots of life insurance. If your married, you want a second to die policy. If you're not married, you could either get married and buy a second to die life policy, or stay single and buy a "normal" single life policy. Second to die is "best," as far as your life insurance options go because it has a relatively low cost of insurance (mortality is based upon two lives) and you can make an irrevocable trust the owner, thus escaping the federal three year look back rule.
2006-07-16 13:27:18 · answer #4 · answered by Matthew V 1 · 0⤊ 0⤋
Go to the website below. I wish I had that kind of a problem.
2006-07-16 13:25:22 · answer #5 · answered by mac 1 · 0⤊ 0⤋
6 mil will get you the advice of a nice, respected, and well qualified financial planner and lawyer.
2006-07-16 13:26:08 · answer #6 · answered by realgirl768553 3 · 0⤊ 0⤋
Send some to me.
2006-07-16 13:24:43 · answer #7 · answered by Evilest_Wendy 6 · 0⤊ 0⤋