Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Essential Estate Planning Strategies

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estate planning

The 2 Most Common Causes of Estate Planning Failures

June 8, 2018

Many estate plans don’t produce the results the owners intended… Which is too bad — because most of these failures are preventable. The failures usually don’t spring from the tax strategies or language in the will. The failures most often result from the human side, or soft side, of Estate Planning. There are two main […]

estate planning

Legacy Planning & Your Estate Planning: Part 2

May 25, 2018

When it comes to legacy planning, it’s all about the details. Before deciding to make specific bequests or other gifts from your estate, consider these additional strategies discussed below. Beneficiary designations Bequests of cash or property from your estate often are not the most tax efficient way to make charitable gift. That’s especially true when appreciated […]

estate planning

Legacy Planning: 5 Ways to Enhance Your Legacy in Your Estate Planning

May 18, 2018

Not all gifts are created equal, especially charitable gifts. That’s why legacy planning can be a powerful part of your estate plan. You can leverage the benefits of your gifts, enhancing the financial security of yourself and your heirs while being philanthropic. Estate planners often refer to these strategies as planned gifts or planned giving. […]

Estate Planning

How to Write an Ethical Will for Your Estate Planning

May 4, 2018

Your estate plan is part of your legacy, but your legacy should be more than financial assets, material possessions and legal documents. For more and more people, the final touch to their estate plans is what sometimes is known as an ethical will. Others have called it a legacy letter, heritage will, family philosophy statement, […]

Estate Planning

How to Protect Your IRAs for Beneficiaries: A Simple Estate Planning Guide

April 6, 2018

How do you increase the odds your IRA will last for a long time? Be sure your beneficiaries know what they need to do! Many people have substantial balances in traditional IRAs. Often, a prime goal is for the IRA to help provide for the next generation or two. One way to do so is […]

Estate Planning Strategies for Changing Interest Rates

March 30, 2018

With interest rates rising (and expected to keep rising), it’s important to understand any effects on your retirement and estate. In our last issue, we reviewed three major estate planning strategies affected by rate changes. Here’s a look at some additional techniques worth checking out… Charitable lead annuity trust (CLAT) The CLAT is sort of the […]

revocable living trust

The Revocable Living Trust “Transition Strategy”

February 23, 2018

Last week, we reviewed the pros and cons of the Power of Attorney and Revocable Living Trust (click here for Part 1). For retirees who choose the revocable living trust, it’s important to understand all the options available. For starters, after identifying your trusted person, establish a revocable living trust naming the person as current […]

power of attorney

Estate Planning Strategies: Pros & Cons of Power of Attorney vs. Living Trust

February 16, 2018

Which is the best way to protect your assets, smooth the transition of your estate, and make life easier for you and your heirs… Power of Attorney or revocable Living Trust? Truth is, most estate plans need both a power of attorney and a revocable living trust. So the better question is:  Which one should cover the bulk of your assets? Over the […]

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