David Reyes, CEO of Reyes Consulting is featured in the September 2005 issue of Kiplinger’s Personal Finance magazine offering his insights on Private Annuity Trusts.
September 6, 2005 (Press Release) --
As the nation’s only financial architectural firm, Reyes Consulting designs and implements customized tax deferred, tax exempt, and tax elimination strategies for business owners, investors, real estate developers, entertainers, professional athletes, and affluent families, throughout the U.S.
David Reyes, CEO of Reyes Consulting is featured in the September 2005 issue of Kiplinger’s Personal Finance magazine offering his views on Private Annuity Trusts.
“A private annuity trust "is like an interest-free loan from Uncle Sam," says David Reyes, a certified estate adviser with Reyes Consulting, in San Diego. Whatever is left in the trust after the second owner dies passes to the beneficiaries free of estate taxes and without going through probate.
Anyone who wishes to sell highly appreciated assets, such as stocks and art, is concerned about the immediate income-tax liability and doesn't need a lump-sum payment should consider a private annuity trust, says Reyes. A trust can also be appropriate for people concerned about estate taxes.
Such trusts are generally not suitable for younger people who need more income than an annuity would allow, or for homeowners selling a primary residence who qualify for the tax exemption on capital gains. To get an idea of your potential tax savings, request a free illustration at Reyes's Web site, www.privateannuitytrust.net/davidreyes. Set-up fees range from $5,000 to $10,000.”
Read the rest of the article on Kiplinger’s web site http://www.kiplinger.com/personalfinance/magazine/archives/2005/09/annuity.html.
David Reyes, CEO of Reyes Consulting is featured in the September 2005 issue of Kiplinger’s Personal Finance magazine offering his views on Private Annuity Trusts.
“A private annuity trust "is like an interest-free loan from Uncle Sam," says David Reyes, a certified estate adviser with Reyes Consulting, in San Diego. Whatever is left in the trust after the second owner dies passes to the beneficiaries free of estate taxes and without going through probate.
Anyone who wishes to sell highly appreciated assets, such as stocks and art, is concerned about the immediate income-tax liability and doesn't need a lump-sum payment should consider a private annuity trust, says Reyes. A trust can also be appropriate for people concerned about estate taxes.
Such trusts are generally not suitable for younger people who need more income than an annuity would allow, or for homeowners selling a primary residence who qualify for the tax exemption on capital gains. To get an idea of your potential tax savings, request a free illustration at Reyes's Web site, www.privateannuitytrust.net/davidreyes. Set-up fees range from $5,000 to $10,000.”
Read the rest of the article on Kiplinger’s web site http://www.kiplinger.com/personalfinance/magazine/archives/2005/09/annuity.html.
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