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Dear Friend and fellow taxpayer,

If you answered "Yes" to one or both of the above questions, you are about to be surprised. You may even be shocked. But in the end, I promise you will be pleasantly surprised.

There is a program — actually an innovative and Highly Organized System — that puts you in absolute control, not only of who will receive your wealth, but how much.

Let's start with the indisputable fact that there are only three ways to split your wealth - dead or alive:

Section 1 - The System (The Road to Tax Heaven)

Actually, the IRS should always be last. The IRS does not have all or the best choices. You do. You are about to learn what your choices are and how to always make the right choices.

For the first time, The System, which reveals powerful insider's secrets for eliminating the estate tax, is being made available on the Internet

The System is not new; it has been and is being successfully used by a close-knit Network of professional advisors.

The uphill battle to accumulate and transfer wealth

First, let's examine how the IRS can and does confiscate more than half of your wealth... legally. Then, let's see how we can turn the tables on the IRS... legally.

Do you really know the true tax cost of every dollar you earn? Most people don't. Not even wealthy people.

Let's start by crunching the numbers. To make it easy, assume you're in a 40 percent income tax bracket (Federal and State)... a 55 percent estate tax bracket.

A Basic Example:

Suppose you make $1. First 40 cents goes for income tax. You've still got 60 cents, which you save... and someday die with it. Now the confiscatory estate tax goes to work: 33 cents to the IRS, 27 cents to your family. The tax collector takes 73 cents (usually more) of every dollar you earn and save. Your family gets 27 cents (usually less). Sad, but true!

Let's apply this basic example to the two kinds of assets you can own: tax-paid and tax-deferred. Tax-paid assets (like cash, stocks, bonds, real estate, etc. that you own or bought with after-tax dollars) will be clobbered by a 55 percent estate tax when you pass on. Or put another way, each additional $1 million you accumulate in your estate is only worth $450,000 to your family.

Now, what about tax-deferred assets [like the funds you have in a Pension Plan, Profit-sharing Plan, 401 (k), or an IRA]? Better sit down. Ready? Take $1 out of your Plan. Just like the basic example: The final result is still 73 cents (after income and estate taxes) to the IRS. Only 27 cents to your family. Or put another way, each additional $100,000 you take out of your tax-deferred asset account during your life is ultimately worth only $27,000 to your family.

What happens if you die with the funds still in the tax-deferred Plan? Same thing. Only 27 cents (usually much less because of state inheritance taxes) out of every dollar goes to your family.

If your estate exceeds $2 million, you owe it to yourself and your family to read every word of this tutorial. Say you are worth $10 million, chances are you will learn how to save about $4 million. The more you are worth the more you will save. (If you are worth less, but logic tells you that your estate will grow into the $2 million range before you go to meet you maker, keep reading).

This tutorial tells you how The System is being used to finesse the estate tax and create additional tax-free wealth... legally. And easily.

I've Got To Get Something Off My Chest Before I Explode

In the book, "Good to Great: Why Some Companies Make the Leap… and Others Don't," author Jim Collins writes, "Good is the enemy of great." He goes on to say, "We don't have great schools, principally because we have good schools. We don't have great government, principally because we have good government." And I love this one: "The vast majority of companies never become great, precisely because the vast majority become quite good - and that is their main problem."

For over 35 years, I have been giving seminars and writing that traditional estate planning (it's good) does not get the job done. And I must confess every time I review a traditional estate plan, my professional dander explodes. Thank you Jim Collins for bringing the point home. The answer to stop good estate planning is to shift to great estate planning. When you learn The System, you will join the wonderful group of people who know how to do great estate planning.

Then you can help pass on your new found knowledge. And, I can stop exploding.

A Common Problem

Every successful business owner I have ever met has a common problem. It took you a lifetime to accumulate your wealth. Yet, in a heartbeat you can lose over one-half of it to the IRS. What's wrong with this picture?

The problem becomes severe when you make the mistake of becoming rich. What's rich? Here's my definition: You are rich when you are and will forever remain in the highest income tax bracket and highest estate tax bracket.

How The Estate Tax Robs Your Wealth

Suppose you are rich and burn a $100 bill. You just burned $55 of the government's money. (Assumes a 55% estate tax bracket).

Of course, you are not going to burn that $100 bill. You are going to keep it. And die with it. Then, you'll lose $55 to the IRS while your family gets only $45.

The System teaches you how to:

Now, let's expand the simple concept illustrated by the $100 bill example and apply it to your personal wealth.

Yes, You Can Pass All Your Wealth — INTACT AND TAX-FREE — to Your Family

How much are you worth? Better yet, how much do you think you will be worth on the day you go to the big business in the sky? ... $4 million... $40 million? ... More?

Stop for a moment. Jot down the numbers that apply to you. Now are you ready for the shock? Chances are — unless you learn how to use The System — the IRS will get more of your wealth (the numbers you just wrote down) than your family. Your death will bring a big payday for the IRS.

Why is this true? The short answer is the conventional wisdom. Over the years Blackman Kallick Bartelstein, LLP (the CPA firm where I was a founding partner) has reviewed thousands of estate plans. Most were done according to the client, by the "best advisors in our town" (or county or state). All, were done using the conventional wisdom.

What is the conventional wisdom?...

It is the way estate planning is done in every state in the United States. It tells you that estate planning can reduce your tax burden. We think the conventional wisdom forces you to watch the wrong ball: the estate tax ball. We have a different idea.

Instead of trying to hit the let's-cut-my-estate-tax ball, let's try another approach. What if we were to look at your wealth today or what it might be when you die ($5 million, $50 million, whatever) and decide that your goal is to pass that amount of wealth (undiminished by taxes) to your heirs. Nuts to taxes. You'll pay 'em if you must, but getting ALL your wealth to your family — intact — is the ball you want to hit.

This goal gives you an entirely new target — a bigger and much easier one — to hit: All my specific assets (wealth) to my family and all taxes, if any, paid in full is your new target.

Old paradigms are hard to kill.

Through the ages, there have been accepted paradigms (conventional current wisdom) that time has proven wrong: for example, man cannot fly or go to the moon. Or what about this oldie from centuries ago: The world is flat. To even question the belief that the world could be anything other than flat would evoke disbelief from others. Today, we all know the true fact... our planet indeed is round.

The tax relief that The System achieves may seem revolutionary... which until you know the true facts may seem just as unbelievable as the first round-world theory. But in our case the results produced by The System go beyond theory. As you will soon discover, you can in all cases — no matter how large your wealth might be — transfer ALL your wealth intact to your family.

And The System always works no matter... How old you are. Married or single. Insurable or uninsurable.

The System you are reading about is totally different than the conventional wisdom. Because what you are reading is new to you, please approach it as new. Try to avoid factoring in what you know or have heard about the conventional wisdom in estate planning. Do not base your assumption on past theories just because those theories were and are still generally accepted.

Read this tutorial as though you know nothing about estate planning. Read with an open mind. I promise you will be rewarded many times beyond your wildest dreams. Not only by legally avoiding the tax collector, but for most of you — of even greater importance — being able to accomplish your financial goals for yourself, your family and your business.

Let me sum up by simply saying the paradigm of estate planning that uses the conventional wisdom is a Model-T Ford.

Something You Should Know

Except in a few necessary instances, this tutorial (like my other tax writings: 21 books, 43 special reports, and over 1,000 articles for my tax column) is not technical.

My writings and seminars serve three major groups:

1. People who are fortunate enough to have accumulated wealth (the wealthy).
2. People who dream of becoming wealthy and need a tax road-map to help guide them.
3. The small army of professionals (accountants, lawyers, insurance consultants, bankers, financial planners, and others) who counsel and advise the wealthy.

I was, and still am, fascinated by an article in the July 5, 1999 issue of "Forbes," titled "Who's got the bucks." The article said, "One percent of U.S. households have a net worth above $2.7 million, amounting to 35% of total net worth [in the United States]."

Section 2 - Introducing the Wealth Transfer Plan

The System approaches estate planning in a totally different manner than the conventional system (only trying to reduce the estate tax). The System shows you step-by-step how to create a Wealth Transfer Plan tailored to both your personal situation and your specific business needs.

How does a Wealth Transfer Plan differ from an estate plan? Simply, a Wealth Transfer Plan deals with the assets you own, rather than the estate tax caused by those assets.

EXAMPLE
Let's look at a typical real-life example from the confidential files of ILB Enterprises, Inc. (ILB for short). Call our client Joe Rich. After the usual preliminaries, here's how our conversation with Joe might sound.

ILB: "How much are you worth?" ... Joe: "$10 million." ILB: "Do you know how much estate tax will be due?" ... Joe: "Yes, about $4.2 million." (If Joe doesn't know the painful tax bite, we help him discover the answer.) Then we tell Joe, "Our network has created a unique system that allows you to transfer your entire $10 million dollars of wealth to your family... all taxes paid."

The conversation may vary a bit, but Joe (like most clients) has a flood of questions: "Can I (Joe) maintain my lifestyle (and my wife's) after I'm gone? ... "Can I control my assets (particularly my business) for as long as I live?"... "Can I change my mind?" As we respond, "Yes!" to each question Joe's interest intensifies.

The System's emphasis is on the value of the assets you own, not lowering the estate tax. The System works for everyone — old, young, rich or very rich — and for all types or combination of assets owned.

Now, STOP READING for a moment. Write down two numbers: First, your current net worth. Next, estimate your net worth down the road, just before you pass on. And, to enhance your learning experience, start making a list of your questions as you continue reading this tutorial. Your numbers and questions will lay the foundation for building your own Wealth Transfer Plan.

Your tailor-made Wealth Transfer Plan, as taught on this website, is an easy way to turn the tables on the IRS and eliminate the potential shocking loss of your hard-earned wealth.

The Wealth Transfer Plan (as opposed to conventional estate planning) has become the standard against which all other estate planning techniques are measured.

Breaking the Tax Paradigm
We are now ready to break another very old paradigm: You can't beat death and taxes.

Let's go after the "taxes" part. As in estate taxes. You will soon realize that the estate tax is not a real tax, but a voluntary tax.

A good place to start is by taking a closer look at...

TRADITIONAL ESTATE PLANNING
(The kind of planning done using the conventional wisdom)

Traditional estate planning — what The System has upgraded to Wealth Transfer Planning — is a complex maze.

Every well-conceived plan must have a target. Sure everyone wants to lower his or her estate taxes. Forget about the poorly done Estate Plans. Let's talk about the typical well-done Estate Plans. The target of these Plans is to reduce estate taxes, provide the liquidity to pay the anticipated tax or both.

The Three Basic Traditional Estate Planning Strategies

Almost all Estate Plans that follow the conventional wisdom use only three basic strategies:

1. A revocable trust (more often called a living trust) attempts to avoid probate. It can never save you one cent of taxes. Why? Because it is revocable (can be changed at your whim), the IRS ignores it for tax purposes. Still, you should use it. We do. Not as a tax-saver but as a convenient way for your heirs to deal with your assets after you are gone.
2. A two-trust arrangement (usually called "Trust A" and "Trust B," or "Marital Trust" and "Family Trust," or something similar) is used to get the first $2 million) — of a married couple's wealth to their heirs free of the estate tax. (The amount is exactly half — $1 million — if you are single. We like to call the free amount your lifetime freebie.) This type of arrangement is a worthwhile tax-saver. If you are married you should probably use it.
3. Some form of the marital deduction, which is a worthwhile — but temporary — tax friend for married folks. Careful, the instant your surviving spouse dies, the benefits of the marital deduction die too. Then the IRS collects its pound of flesh. Do not be fooled into thinking this deduction saves taxes. At best it only defers them.

That's it. Three strategies. (But note, the strategies are designed to offer tax savings only after you die.) The rest, as far as tax savings are concerned, is usually boilerplate or does not address other tax-saving possibilities.

IT’S A FACT
One-size-fits-all estate planning does not work. Yet, we often see the estate planning documents from many professional offices (can be large or small, but specializing in estate planning) where the documents and the plans contained in them are identical for ALL clients. Whether the estate is large. Or small.

The real sin is a traditional estate plan for all who walk through the office door. Do you have a traditional estate plan as your entire plan? If so, read every word that follows.

THE PROBLEM WITH TRADITIONAL ESTATE PLANNING

We're not complaining about traditional estate planning. It's a good start.

Chances are — based on our years of experience — you just don't have a Plan that is designed to solve the financial goals (we'll talk more about solving your specific goals later) for you, your family and your business.

So, you don't really have an Estate Plan. You have death documents... documents that will sit in a drawer or vault until you die.

Then, you likely will guarantee the IRS a big payday.

In spite of it's limitations, traditional estate planning has been, is and will continue to be (unless there is a drastic change in the law) the bedrock of every Estate Plan. The System builds on traditional estate planning techniques and, in fact, reshapes the current estate-planning model (basically death planning) as currently used by advisors in the United States.

The System shows you how to create a Wealth Transfer Plan (basically lifetime planning) that moves piles of principal (wealth) and streams of income around in an organized fashion (like a master chess player), changing their character and taxability so that by the time the wealth and income get to the other side of the board (the time of your demise), the government is out of the game. Every System move is designed to be ethical and legal. Working together, the client and the professional advisor (not the IRS) are in control.

To get the best tax-saving results, you must develop a Lifetime Wealth Transfer Plan (starting today) and dovetail it with your Death Plan.

The more important fact is that you ain't dead yet... Unfortunately, Traditional Estate Planning only prepares you to die. It leaves you without a Lifetime Tax Plan to effectively manage, increase and protect your wealth for as long as you (and your spouse) live.

Revolutionize Your Planning

The model-T Ford revolutionized land travel. But today, you would not think of using one of those old wonderful driving machines to take a cross-country trip. We all know why... for many reasons you could not get the results you want and need. Yet, a modern automobile — a much improved version of the old Model-T (and still evolving) — is the only intelligent choice.

Like the old Model-T, Traditional Estate Planning can no longer deliver the results you want and need.

To win the estate tax game and get the results you want, you must be proactive. Starting now.

read on...