Estate Planning – Get Organized!

Not every situation requires the need for a full team and often just putting together a few parts can be enough to start the process. You should consider your personal situation and how it currently relates to your goals. When considering using advisors make certain they are necessary for your current plan.

By |2019-03-11T16:12:32+00:00June 12th, 2012|Estate Planning|

Coverdell Education Savings Account: College with Tax Advantages

The Coverdell Education Savings Accounts, once known as Education IRAs, can help taxpayers save for a child’s education. Contributions to a Coverdell ESA are nondeductible, but the earnings on the account grow tax deferred and distributions are treated as a tax-free gift to the beneficiary. The contributor does not have to be related to the beneficiary.

By |2019-03-13T17:17:55+00:00June 7th, 2012|Taxes|

Self Directed Real Estate IRA

Using a self-directed IRA to purchase real estate is a little known trick which is vastly unused by the ordinary investor, if only because few ordinary investors would consider themselves qualified enough to make investment decisions on behalf of their own Individual Retirement Accounts. Most IRAs allow account holders to choose from a bevy of sub-accounts. This selection does not include real estate.

By |2019-03-07T19:35:13+00:00June 7th, 2012|Real Estate|

Credit Score Information Frequently Asked Questions and Answers

A lot of credit reporting bureaus or agencies gathers information on the subject of the debtor's credit history or files from reliable private and public sources. They also collect data from the creditors who extended the loan to the debtor.

By |2019-04-10T20:39:42+00:00June 7th, 2012|Financial Planning|

Avoiding Probate: A How To Guide

If you own bank accounts and want to reduce your exposure to probate with these assets the “payable on death” (POD) option may help you. This option offers an easy method to keep bank account out of probate court. All that is required is a form which most banks can supply naming whomever you want to inherit the money in your account at your death.

By |2018-03-16T15:57:15+00:00June 7th, 2012|Estate Planning|

Questions & Answers Regarding Probate

Questions Regarding Probate Who is in charge of the probate process? The will names a personal representative who is responsible for overseeing the probate of an estate. A personal representative or executor may be a family member, friend, business associate, financial institution, or trust company. If the will designates no personal representative, the court appoints [...]

By |2019-03-20T06:31:47+00:00June 7th, 2012|Estate Planning|

What is Probate? How does it work?

Probate is a process that identifies the deceased person’s assets and provides for the legal transfer to the intended beneficiaries. The process can identify debts, value property, and pay debts and taxes. Probate can last for a period of 9 months to a number of years depending on the complexity of the estate.

By |2019-04-11T06:27:20+00:00June 7th, 2012|Estate Planning|

Why you should consider a Solo 401k if you are Self Employed

Investment choices made today can dramatically shape your financial outlook in the future. Be sure to educate yourself in all aspects and options of your 401k plan, and meet with your personal financial planner on a regular basis to determine the best course of investment action for you.

By |2019-03-25T21:49:43+00:00June 7th, 2012|401(k) Rollovers|

Variable Annuities

Variable annuities allow the owner considerable flexibility to invest annuity premiums in any way they see fit. The risks involved are the same as investments in stocks, bonds or mutual funds. The investor gets to keep the entire profit from gains and is liable to bear the loss for any decline in the price of invested holdings.

By |2019-02-22T18:10:13+00:00June 7th, 2012|Annuities, Annuities 101|