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

Estate Planning Checklists

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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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Retirement Watch’s 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 […]

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How to Cut the IRS Out of Your Estate Plan

August 13, 2019

There are four basic strategies for reducing estate taxes: • Reducing assets from the estate • Removing future appreciation from the estate • Increasing deductions, and • Buying life insurance. Within those four estate planning strategies are many options. Not all will be appropriate for you. But below I discuss your estate tax reduction options […]

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 […]

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Can Your Children Answer These 8 Estate Planning Questions?

February 25, 2019

Many estate plans fail, and often not because of any flaws in the documents or the plans. Estate Planning failures frequently occur in the implementation and execution. Especially important are actions taken by others, often your children. They’re likely to be the ones putting key parts of the plan into action, not you. So to ensure […]

estate planning

How to Create an Estate Planning Strategy in 8 Steps – Part 2

September 15, 2017

Last week, we began our 8-point Estate Planning Checklist, including how to handle your will, and avoiding probate. Today we’ll complete the checklist, starting with… Powers of attorney. You need these documents before you have a will, because you’re likely to become disabled or need help managing affairs before you pass away. There are two […]

Estate Planning

Should You Put Your Estate Planning Strategy On Hold? (8-Point Checklist)

September 8, 2017

Tax reform proposals are slowly being developed in Congress, including changes in the estate tax. People are asking, “Should I delay my estate planning until the new law is clear?” We’ve been down this road before, and the answer is: You shouldn’t delay. Congress is looking at changing only the federal estate and gift taxes, […]

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Four Overlooked Estate Planning Moves

July 1, 2007

Most Estate Planning discussions involve big picture issues, such as trusts, gifts, and how to handle a business. Too often, however, the success or failure of a plan depends on small details that seem unimportant. Shortchanging these issues could mean shortchanging your heirs. Carefully consider all of your non-probate assets. They avoid the probate process, […]

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