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 |2020-04-13T18:55:57+00:00September 5th, 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 |2020-04-17T18:07:09+00:00March 7th, 2019|Estate Planning|

10 Solid Reasons To Consider An Annuity For Your Retirement Foundation

Need a reason to add an annuity to your retirement portfolio?  Here are 10. Annuities aren’t for everyone; you have seen me write about that often. But when you are putting together your “bedrock” foundation for your retirement plan, they can be essential to that planning. Think of layering, this about safety and security as [...]

By |2020-04-12T23:27:28+00:00February 17th, 2019|Annuities, home-mid|

Are Revocable Living Trusts for You? Basic Information

A revocable living trust is a legal device that can help protect assets. Revocable living trusts are promoted as an alternative to probate. They can be used to manage your property during your lifetime and to distribute your property quickly after your death. Any competent adult can establish a revocable living trust.

By |2020-04-13T18:37:39+00:00February 16th, 2019|Estate Planning|

Are You Concerned About Leaving Your Heirs Lump Sum Money?

Can you trust your heirs with a large lump sum of money as an inheritance?   Need income and want to provide for your heirs? Here is a simple method of accomplishing both goals. Many people are very concerned about leaving a large amount of money to their children. They are worried that the funds [...]

By |2020-04-13T18:38:44+00:00January 31st, 2019|Annuities|

What You Need to Know About Probate

Most people have a general fear of probate which is often based on publicity or misunderstood information. The press and numerous articles explain the hazard of probate and the underlying expenses which could wipe out an estate. Are these real or imagined concerns? The answer is quite simple, it all depends. It depends on the size and complexity of the estate. It depends on instructions from the will of the decedent.

By |2020-04-15T01:21:56+00:00January 29th, 2019|Estate Planning|

Death Benefits and Annuities: Tips and Hints

Annuities are contracts with written contractual provisions which include benefits paid to a named beneficiary. In the event of the annuitant (a person) dies, the proceeds from an annuity are passed to the beneficiary. The beneficiary can be a person or persons, a trust or an organization. If the annuity names a beneficiary, the funds are paid without the need of probate.

By |2020-04-13T20:20:34+00:00January 28th, 2019|Annuities, Annuities 101|

Annuity Beneficiary: An Important Decision

Naming a beneficiary on an annuity can help lower probate expenses Annuities are contracts between an individual and an insurance company. Annuity contracts allow for the owner of the annuity to name a beneficiary so in the event of the death of the annuitant. Because this is a contract, the beneficiary will normally receive the [...]

By |2020-04-13T18:34:35+00:00January 25th, 2019|Annuities, Annuities 101|