Estate planning nightmares of the rich and famous

The one thing almost every employee wants and needs is health insurance. The most common plans are health maintenance organizations (HMOs), preferred provider organizations (PPOs), point of service (POS), and indemnity plans. Another option for businesses that want to provide employees with health insurance coverage is to offer them access to a health savings account…

Imagine you are the owner of a very large business. Your business generates $20 million in sales every year, however, most of this money goes to pay expenses. In addition to those expenses, there are interest payments on $20 million of debt bleeding the company dry. At the end of the day, there?s no money…

Ernest Peanut took great pride in the fact that his son, Ernesto, chose to follow in his footsteps. Peanut owned P&A Collision, an auto body repair shop, and his plan was to one day pass along the business to his son. Life insurance never factored into Peanut’s plan until an insurance professional called on him….