What Will Happen To Your Investments IF... with Florence Ladion, Interviewed by Jerht Santos Part 1/2

Part 1 -    • What Will Happen To Your Investments ...  
Part 2 -    • What Will Happen To Your Investments ...  

In this video, we will talk about what will happen to one's investments in case of demise.

Time stamps:
00:00 Intro
02:25 "In the event of death, what will happen to one's investment and other assets? Stocks, Cash, Real Estate, Car, etc."
03:02 Estate
03:16 The first heir to the estate - The Philippines
03:40 Paying estate taxes
04:42 "Estate tax is like a metered taxi"
04:52 When assets are frozen in the case of death
05:25 Client example of having bank account frozen
05:48 "What if the bank account is a joint bank account?"
06:35 6% Estate Tax
06:41 "What is the process of settling the 6% estate tax with the government?"
07:40 Settling the 6% estate tax with authorized banks in the RDO
08:36 TICOD Transfer in Contemplation of Death
08:55 Risk of tax evasion
09:30 The only asset that will not be frozen in the case of death
09:52 All the assets will be frozen except life insurance
10:30 Need to settle estate taxes within 12 months from time of death
10:49 Estate tax sample computation
11:23 Need to know the value of one's total assets
12:00 The investment part of a VUL insurance is NOT GUARANTEED
12:39 Php 250,000 worth of assets is already TAXABLE
13:33 When assets amount to less than Php 250,000
13:52 TRAIN Law provision on the family house
14:12 Sneak peak of Part 2 of interview

To contact Florence Ladion, MDRT   / florenceladion     / florencetladion  

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