4 Steps to Financial Security for Lesbian and Gay Couples: Expert Advice for Reducing Your Tax Burden, Increasing Your Wealth, and Protecting Each Other
Harold L. Lustig
Format: PDF / Kindle (mobi) / ePub
THE FIRST FINANCIAL GUIDE TAILORED EXCLUSIVELY TO LESBIAN AND GAY COUPLES ON HOW TO PROTECT THEIR ASSETS WHEN LAWS FAIL
Lesbian and gay couples can achieve solid, long-term financial security--but they need to arm themselves with foresight, awareness, and facts. That's what this book is all about. Now, drawing on more than twenty years' experience as a financial adviser to lesbian and gay couples, Harold L. Lustig has written the definitive financial guide for you and your partner.
Through Lustig's four easy-to-follow steps to economic security--PLAN, PLAN, PLAN; PROTECT WHAT'S YOURS; THINK COMMUNITY; USE NON-CONVENTIONAL WISDOM AND TAKE ACTION--this invaluable book gives you workable financial strategies and up-to-date information on
- Estate planning--why it's especially vital for you and your loved one
- Tax advantages available to you--and not to legally recognized couples
- Reducing your tax load through charitable contributions and shifting assets
- A domestic partner agreement--why it is critical to your financial well-being
- Avoiding the "gay penalty" on long-term health care and retirement plans
- Tips for funding a college education--without dropping into the red
- Reentering the job market when you are HIV positive
- Buying and fine-tuning disability insurance
- The facts about joint ownership
And much more!
Despite unfavorable laws, you can protect your assets, provide for retirement, avoid discriminatory penalties, and ensure that you and your partner enjoy and share what you've earned together. From building and transferring wealth with life insurance to creating documents that protect you when marital laws do not, this clear, smart, practical guide provides the essential financial information that every lesbian and gay couple needs and deserves.
and he can have access to a flexible spending plan that he would not be able to do as a self-employed individual. If you are interested in this concept, contact the National Association of Professional Employer Organizations (they can be reached at 703-836-0466 or www.napeo.org). LARGE-GROUP If Roger’s business does not work out, he can go back to work for another large employer and join that company’s health plan. If he does this, he will have a probationary period before he is eligible
licensed viatical settlement companies, or between a broker and a licensed funding company. The National Association of Insurance Commissioners (NAIC) defines a broker as a person (legal term for individual or entity) who, on behalf of the viator and for a fee or commission, offers to or attempts to negotiate a viatical settlement between a viator and one or more viatical settlement providers irrespective of the manner in which the viatical settlement is compensated. It goes on to say that the
Health Association (ICHA) 317-581-4100 Kansas Kansas Health Insurance Association 800-255-6065** Louisiana Louisiana Health Insurance Association 800-736-0947 Minnesota Minnesota Comprehensive Health Association (MCHA) 800-531-6674 Missouri Missouri Health Insurance Pool (MHIP) 800-843-6447 Nebraska Comprehensive Health Insurance Pool (CHIP) 800-356-3485 New Mexico New Mexico Comprehensive Health Insurance Pool (NMCHIP) 800-432-0750 North Dakota Comprehensive Health Association of
person insured by an insurance company. Annuitant. The person who receives the benefits from an annuity. Annuity. A contract between an insurance company and an individual in which the company agrees to pay a stream of equal payments at predetermined intervals, such as monthly. Annuities can be either fixed or variable for a specific period. Asset. Anything owned that has a monetary value. Asset allocation. The assignment of investment funds to broad categories of assets, such as stocks,
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