Trained as a lawyer and CPA, Bob Carlson shares his original estate planning research on the pages of Retirement Watch.
Have you ever considered how your investment portfolio and other assets will be managed in the future? Odds are — after you’re no longer managing the assets — nothing good is going to happen. Now that may sound awfully negative… but I’ve discovered that too many people neglect to include an investment portfolio transition in […]
In Part 1 of this article I talked about the importance of having a Financial Emergency Kit, along with a few of its essential elements. So this week, let’s continue the discussion and review the other important elements that make up your Financial Emergency Kit, starting with: A letter of instruction, which can be valuable […]
Many people think they have estate plans… but oftentimes it turns out they really don’t. I’m not talking about those who haven’t done any planning and don’t even have a basic will. I’m talking about people who have taken action on their estate plans — and yet have plans that are woefully incomplete. You see, […]
In Part 1 of this article, I shared some of the avenues through which you can ensure transfer of assets without the need for wills and trusts. So this week, let’s continue the discussion with more ways to avoid probate and transfer property… starting with: Bank accounts. Though once obscure, payable on death (POD) bank accounts […]
What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up with. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here for free access.
You might be surprised to learn that many estate planning goals can be accomplished without wills and trusts. In fact, using other tools can spare you some of the expense and complications of wills and trusts. These strategies also cause the assets to avoid the delay and expense of probate, transferring the title of each […]
It’s one of the most overlooked and understated pieces in most peoples’ estate plans… The power of attorney. And it’s so much more than simply deciding who manages your affairs when you can’t. So today let’s review more tips on how to navigate this vital step in the estate planning process. Which actions can the […]
The financial power of attorney (POA) could be the most important document in your estate plan. Yet, many people don’t have one. And many people who do have a power of attorney didn’t give it much thought and have inadequate documents. Adverse results can range from bills not being paid on time to trusted people […]
In last week’s story, we reviewed the major potential “surrogates” in estate plans (the agents, trustees, executors, and others). Today we offer some pointers for reducing problems you may face with surrogate designations. Know all the surrogates you designated Review financial accounts, insurance policies, and estate planning documents to be sure you know who currently […]