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Estate Planning

Estate Planning is the process of determining how your wealth and assets should be transferred to the heirs of your choice: your children, grandchildren, friends, families, charitable causes, etc. and then deciding which legal tools and structures to use to best meet your estate planning goals.

Estate planning is not simply reducing or eliminating taxes and avoiding probate.  Only after establishing how you want your estate’s assets to be distributed should you consider ways to reduce taxes and avoid probate. From there, good estate plans deal with a host of other issues. Now, with all but a few estates exempt from the federal estate tax, those other issues are, or should be, at the forefront of estate planning.

An estate plan is to ensure that you are taken care of the rest of your life and that your wealth is transferred to the people you want to have it. A good estate plan ensures these goals are accomplished with as much efficiency and as little cost as possible. An estate plan addresses the management and distribution of an individual’s property and financial obligations after he or she dies with financial tools such as wills, revocable living trusts and power of attorney.

For a comprehensive overview of Estate Planning, please start with our article:


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estate planning

How To Craft the Perfect Will for Your Estate Plan: Part II

September 19, 2021

In last week’s edition of Retirement Watch Weekly, we discussed ways to construct a will to maximize the inheritance you pass on to your heirs. In this week’s, we’ll continue exploring this topic. Know your Children & Anticipate Issues with Your Estate Naming the oldest adult child as executor of an estate is very common […]

Estate Planning

How To Craft the Perfect Will for Your Estate Plan

September 12, 2021

It doesn’t take much to tarnish a gem of an estate plan, and with it your legacy. A misplaced word, missing clause, or miscommunication between lawyer and client can send your will and your ordered estate plan spinning into chaos. You can avoid such a fate. Follow these last will and testament guidelines, and you’ll […]

estate planning

How to Shelter Your Estate Plan from Disasters [Part 2]

August 29, 2021

In last week’s edition of Retirement Watch Weekly, I shared my checklist on how to protect your estate plan from the kinds of disasters people rarely consider. Today, let’s wrap up the checklist with steps 4 through 7: Step 4: Document your property. To recover all or most of what you lose in a disaster, […]

estate planning

How to Shelter Your Estate Plan from Disasters

August 22, 2021

It can happen to any of us… It doesn’t have to be a historic outbreak, hurricane, flood, or wildfire. You could be at risk from a broken water pipe, a tree falling on your home, or some other event. Bottom line: You don’t want short-term events to cause a permanent reduction in your financial security. […]


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Estate Planning

Will These Estate Plan Changes Affect Your Retirement?

August 15, 2021

Fellow Investor, There are four basic strategies for reducing estate taxes: Reducing assets from the gross estate Removing future appreciation from the gross estate Increasing deductions Buying life insurance Within those four strategies are many options. Not all will be appropriate for you. But there are quite a few strategies – and it’s always good […]

estate planning

The Foundations Of A Great Estate Plan [Part 2]

July 26, 2021

Today, we’ll pick up where we left off last week, with more advice on making the most of your estate plan. Should Heirs Get Equal Shares of the Estate? Parents have several different reasons for considering leaving unequal shares of their estates to children. Some parents are tempted to leave a child less money because […]

Estate Planning

The Foundations Of A Great Estate Plan

July 19, 2021

Everyone needs an estate plan, no matter how much or how little money is involved. For example, you need an estate plan even if you don’t expect to owe taxes on the estate. It is more important to decide who should receive the wealth, how much each should receive and when and how the wealth […]

How to Use a FLIP Trust for 2 Key Retirement Planning Goals

July 12, 2021

Many people wish to save income taxes today, and create a stream of retirement income in the future. The FLIP trust, especially the FLIP-CRUT (charitable remainder unitrust), is a venerable way to accomplish both goals. The FLIP-CRUT strategy begins with a charitable remainder trust (CRT). An individual (known as the grantor) executes a trust agreement […]

October 2021:
Congress Comes for your Retirement Money
A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.

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