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

Estate Planning Basics

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How to Incorporate Medical Care Decisions into Your Estate Plan

April 27, 2018

My last report  covered all the medical care documents you’ll need, such as your HIPAA Authorization, health care power of attorney (HPOA), living wills and advance directives.  Today we lay out some working guidelines for making important medical care decisions. Do not resuscitate/hospitalize It’s common for older patients, especially frail ones in nursing homes, to […]

Estate Planning Strategy: Planning for Medical Care in Retirement

April 20, 2018

Your estate plan should be about a lot more than finances. An estate plan isn’t complete, for example, without the medical care documents. In fact, I always recommend making this a priority. Have the medical care documents finalized while you’re still considering the other issues in the estate plan. Also understand that medical care documents […]

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 […]

Estate Planning

Recent Changes in Estate Planning and Gift Tax Laws

November 27, 2017

Congress continues to debate whether or not to eliminate the estate tax, but other changes in the estate and gift tax law will take effect by January 1, 2018. The Treasury Department withdrew the controversial proposed regulations that would have eliminated or curtailed many of the strategies the wealthy use to reduce estate taxes. The […]

An Overview of Estate Settlement

November 9, 2017

After someone dies, an executor is in charge of the estate. There are a lot of steps involved in the estate settlement process. This article gives an overview of the many steps involved with tips on how to handle them. Sometimes, an executor may not even be needed. The most obvious reason being if an […]

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