Learn the basics of Estate Planning, including wills and probate, trust, beneficiary designations & taxes.

Proceed With Caution Using An Annuity In A Trust

I am not a tax attorney, nor do I play one on TV.   I am, however, a financial guide who understands the need for thorough, complete estate planning. In recommending trusts to many of my clients and prospective clients, I have run across situations in which someone wanted to use a trust differently than [...]

By |2019-08-14T15:03:43+00:00August 10th, 2019|Estate Planning|

Make Sure You Have Named A Beneficary On Your Annuity Contracts

Stop! Drop what you're doing and check your beneficiaries!   If you have a testamentary trust, it might be a smart move not to name the trust as a beneficiary of certain assets such as annuities, life insurance, bank accounts, a brokerage account or a qualified retirement account. Please check your policies and if you [...]

By |2019-08-09T21:15:17+00:00August 9th, 2019|Estate Planning|

Protecting Your Family’s Inheritance: Beneficiary-Controlled Trusts

In a perfect world, your will would be drawn up, your assets would be distributed in a timely, no-hassle fashion after your death, and your family would be immediately able to enjoy the financial legacy that you spent your life creating for them. Unfortunately, no one lives in a perfect world, but a beneficiary-controlled trust can help ensure that your children will have access to their inheritance in a way that is faster, and is legally protected longer-than some of the more traditional methods. A Beneficiary trust is long-term many states allow this type of trust to remain in perpetuities for at least a century, if not longer. A Beneficiary trust also maintains a structure that protects assets from creditors, false-heirs, ex-spouses, and any other potential beneficiaries and parties not named by the trust.

By |2019-03-11T16:31:51+00:00June 7th, 2019|Estate Planning|

Financial Planning for the Divorced Woman: You are in Control!

Women need to understand their rights in a divorce “The impact a divorce has on women’s finances cannot be overstated. The financial literacy gap, the lack of involvement in long-term financial planning during their marriage, and their higher likelihood to end up in poverty place divorced women in a vulnerable position.” -Worthy.com If you’re a [...]

By |2019-04-13T19:48:45+00:00April 13th, 2019|Estate Planning|

Avoiding Probate With a Living Trust

Unlike wills, which are automatically submitted to probate and become public record after your death, living trusts keep your assets from becoming frozen and/or parceled out by a court appointed conservator. Estate planning is an essential strategy for the protection and preferred distribution of your assets and property, and a living trust should always be included in any effective estate planning document. Speak with your certified financial advisor and attorney for more information about the details specific to your situation.

By |2019-04-07T15:44:17+00:00April 7th, 2019|Estate Planning|

Get Started with Basic Estate Planning

Estate planning is really more about making decisions and being organized than it is anything else. Once you undertake the process decisions need to be made and once that is decided obtain the plan and materials necessary becomes a simple process. Here are a few things to be aware of and a list of items to consider.

By |2019-03-11T19:51:55+00:00March 11th, 2019|Estate Planning|

Living Trusts: Frequently Asked Questions and Answers

A living trust is an important tool in financial planning, and it is vital that you are fully informed about all of the details of this, and other legal documents. Be sure to meet with your certified personal financial planner to discuss your personal situation and living trust options before making any final decisions.

By |2019-03-07T18:41:22+00:00March 7th, 2019|Estate Planning|