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

Estate Planning Checklists

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How to Shelter Your Estate Plan from Disasters, Part II

May 12, 2020

The devastating effect the coronavirus outbreak has had on economic conditions inspired me to share with you a 7-step checklist on how to shelter your estate plan from disasters in last week’s edition of Retirement Watch Weekly. Today, I’ll complete that checklist… Step 4: Document your property. To recover all or most of what you […]

Estate Planning

How to Shelter Your Estate Plan from Disasters

May 5, 2020

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. […]

Estate Planning

The Ultimate Estate Planning Checklist and Basics Guide

December 18, 2019

The Ultimate Estate Planning Checklist and Basics Guide – Table of Contents Identifying Loved Ones Assets and Property Non-Financial Issues Legacy The Will Estate Planning Documents Estate Asset Identification and Tracking Health Care Directives Financial Power of Attorney IRA and Retirement Beneficiaries Avoiding Probate Living Trusts QTIP Trusts Spouse’s Estate Considerations Life Insurance Business Ownership […]

Estate Planning

The Essential Estate Planning Questionnaire Provides Simple Questions in Preparing for Retirement

November 20, 2019

Estate Planning is not all about reducing estate taxes. That always was the case, but few people realized the importance of the non-tax factors until the 2001 tax law began the phase out of the estate tax. Every estate plan, regardless of the estate’s size, needs to address certain issues. Ignore these issues, and your […]

estate planning

Estate Planning – 10 Simple Ways to Protect Your Assets, Part II

September 10, 2019

Here’s Part II of my retirement Asset Protection Plan. To review Part I, click here. 6. Create trusts. Irrevocable trusts usually protect assets from creditors of either the grantor or the beneficiaries of the trust. They also ensure that the assets are out of your estate for tax purposes. A good asset protection trust should […]

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Estate Planning – 10-Step Asset Protection Plan Part I

September 3, 2019

Taxes, the IRS, attorneys, and estate processing costs are not the only enemies of your wealth. More and more people are concerned about creditors, especially those created by lawsuits. With the estate tax not a concern for most, insurance coverage being reduced, and law suits increasing, many people are more concerned with this potential leak […]

estate planning

5 Questions for Updating Your Estate Plan Part II

August 5, 2019

Last week, I shared with you Part I of my list of 5 questions for updating your estate plan. Today we’ll pick back up at number 3… 3. Here’s the third question about updating your estate plan… Where are you spending time? Each state has its own laws governing estates, trusts, property ownership, and powers […]

estate planning

Estate Planning Checklist Helps to Protect Heirs

April 8, 2019

Are you taking advantage of all the tools available to get your property to the next generation or other beneficiaries at a minimum cost in expenses in taxes? You are if you have taken or considered each of these factors. Do you have an up-to-date will? If you have minor children, does the will name […]

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