You work hard making money and doing your best to grow your assets. I know that and I commend you for it. I really do. But have you overlooked the proper way to title your assets? If so, all your hard work could be in vain. Let me give you an example to illustrate how […]
Estate Protection
You can do everything right; stay out of debt, save and invest, and your family may still have nothing to show for it if you aren’t careful. This category explains estate planning in plain English so you’ll understand and be empowered to take action the right action. It also describes the simple and inexpensive things you can do to protect everything you’ve worked so hard for all your life.
Note: You should speak to a qualified attorney before taking action. This is not meant to substitute for appropriate legal advice.
What Beneficiary IRA Law Changes Mean To You
Early last year the U.S. Supreme Court mandated that inherited IRAs are not entitled to the same creditor protection as other retirement accounts. Does that mean you should change your IRA beneficiaries? Maybe. We’ll take a look of course but let’s get some perspective first. What is an Inherited IRA? If anyone other than your […]
What Are Estate Planning Documents?
Lawyers and financial planners often talk about planning your estate and using the proper estate planning documents. But what does it all mean? If it seems complicated that’s because many attorneys want you to feel that way. On top of that, laws shift and things change. Having said all that I have to admit that […]
What Happens To Your Debt After You Die?
In most cases, your debt doesn’t die when you do. You may not care about it because, after all, you’ll be dead at the time. But if someone you care about is on the hook for your debts, they might have a concern or two. Are you concerned about your elderly parents and their finances? […]
Assets in Trust? Easier Said Than Done
Let’s say you set up a living trust. Are you sure your assets are in that trust? Many people specify assets they want included in the trust in the document itself but that doesn’t mean a thing. When that happens they set themselves up for big headaches. The problem is that people think everything is set […]
How To Decide Between A Will Or Trust
In the past we examined the differences between a will and a trust. So which is the best choice for you? Pre-Game Warm Up Before we dive in, let me reiterate that the best way to know is to speak to a qualified attorney. And remember that your trust or will doesn’t control all of […]