By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA Say the word “Q-tips®” and the first thought most will have is of the ubiquitous cotton swab by Unilever. A QTIP Trust (Qualified Terminable Interest Property Trust), however, is a special kind of trust which allows …
Is A QTIP Useful For More Than Earwax? (You’ll Be Surprised!) Read More »
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA During our proprietary “Critical Actions Roadmap™ – Discovery Meeting” with new clients, I raised the question about how their beautiful home in La Jolla was titled. They looked at each other, shrugged their shoulders and collectively …
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA Chadwick Boseman was a Hollywood actor, director, writer and producer who left us far too soon. He died in August 2020 at the age of 43. Boseman was best known for his portrayal of T’Challa (Black …
The Tragic Death of Black Panther Star, Chadwick Boseman, Is A Reminder Of This . . . Read More »
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA Did you know that today’s tax rates are some of the lowest Americans have ever experienced since the federal tax code was first adopted in 1913? Too bad they won’t stay that way, at least if …
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA Our country has been devastated by the impact of the coronavirus in countless ways. It will be years before we fully understand the various ramifications of what COVID-19 has meant to us as a nation, world, …
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA Happy Thanksgiving! Really? I have heard more than one express they cannot wait for the year to be over! Many have experienced heartache over the loss of their health – a job – a business – …
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA Last year, we were hired by a lovely couple to advise them on the investment of assets and updating of their estate plan. Thirty days prior to hiring us, they had closed on the sale of …
Reducing Taxes – Increasing Income – Blessing Others Read More »
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA Several clients have recently asked my thoughts about COVID-19’s impact on our economy. When we will have an effective vaccination or when will the virus become dormant? Many others have been asking why the financial markets …
What Will Be COVID-19’s Impact On The U.S. Economy & Financial Markets? Read More »
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA A flourishing interior decorator “Donna” (name changed) recently contacted us to help establish her estate plan and create a legacy for her two children and four grandchildren. Donna is a self-made millionaire who created her own …
Avoiding “Shirtsleeves To Shirtsleeves In Three Generations” Read More »
By R. J. Kelly, CAP, ChFC, CEPA, CLU, MSFS, RICP, IAR, AEP | Wealth Legacy Group®, Inc. | San Diego, CA I recently had the pleasure of meeting “Tina” (name changed), a high-profile partner in a highly regarded law firm. Tina assumed she was prepared to financially handle a disability because her firm provided a group disability …