Domestic
Partners typically wish to gain the same rights and privileges
as married couples, including owning all of their property,
accounts and possessions together. By taking uninformed steps
to combine property and accounts the same way married couples
do, you and your partner may unknowingly put your possessions
at risk of being taxed by the federal and state governments!
But there is information available to help you recognize the
dangers of joint property and take the right steps to achieving
your planning goals. Written by a prominent estate planning
attorney, The Gift Tax Trap and How Domestic Partners
Can Avoid It can help you navigate around this unfair
but all-too-real tax and enjoy many of the same rights as
married couples.
Every
day, domestic partners decide to spend the rest of their lives
together and try to arrange their finances as one family unit.
But the typical steps married couples take to join their accounts,
property and assets can do much more harm than good.
- Two
partners decide to spend the rest of their lives together
and one puts their partner’s name on the deed to their
house… costing thousands in unexpected gift taxes.
- North
Carolina domestic partners decide to combine their separate
accounts into joint accounts with a right of survivorship.
Just one partner’s retitling of a $300,000 mutual
fund account will trigger a state gift tax of $14,710.
Everyday,
partners follow the advice of friends, family members, and
inexperienced or uninformed professionals. “Sure, we
can put your partner as a joint owner on your bank account,”
or “of course, we can draw up a new deed making your
partner a joint owner.” But because these professionals
are not familiar with gift taxes, they could unwittingly cost
you and your partner hundreds of thousands of dollars.
Now you
and your partner can combine your finances, property, and
possessions together as one family unit without making costly
tax mistakes. For only $9.97 plus tax, you and your partner
can learn how the gift tax works and the proven technique
to achieve many of your planning goals… without unnecessary
taxes. For less time than it takes to change the owners on
a checking account, you and your partner can:
- Learn
to spot poor but common financial planning techniques that
are guaranteed to cause you or your partner lost time, wasted
money and legal headaches;
- Understand
how the gift tax works and the massive tax mistakes that
joint property triggers; and
- Gain
insight into how domestic partners can utilize proven estate
planning techniques to become one financial family unit
during life… without the gift taxes!
The
Gift Tax Trap and How Domestic Partners Can Avoid It
provides essential information every domestic partner couple
needs to avoid the gift tax trap.
You and
your partner have nothing to lose and everything to gain.
Don’t fall into the easily avoided, everyday gift tax
trap, and instead take the proper steps to combine your and
your partner’s assets as one family unit. Order today. |
