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

Estate Planning

Trained as a lawyer and CPA, Bob Carlson shares his original estate planning research on the pages of Retirement Watch.

Found 263 Articles.
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Estate Planning Without Wills & Trusts – Part 2

July 20, 2018

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 […]

How to Manage Your Estate Plan without Wills & Trusts

July 13, 2018

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 […]

How to Improve Your Financial Power of Attorney

July 6, 2018

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 […]

Power of Attorney: The Most Important Document in Your Estate Plan

June 29, 2018

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 […]

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Managing the Key Players in Your Estate Plan

June 22, 2018

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 […]

The #1 Rule to Follow in Your Estate Plan

June 15, 2018

There’s a time bomb ticking in many estate plans, possibly even in yours. You likely won’t even know if the bomb goes off… or, for that matter, how big the explosion will be. You see, the “bomb” is the person — or people — you name to act for you. Whether they act during your […]

The 2 Most Common Causes of Failed Estate Plans

June 8, 2018

Many estate plans don’t produce the results the owners intended… Which is too bad — because most of these failures are preventable. The failures usually don’t spring from the tax strategies or language in the will. The failures most often result from the human side, or soft side, of estate planning. There are two main […]

Legacy Planning & Your Estate Plan: Part 2

May 25, 2018

When it comes to legacy planning, it’s all about the details. Before deciding to make specific bequests or other gifts from your estate, consider these additional strategies discussed below. Beneficiary designations Bequests of cash or property from your estate often are not the most tax efficient way to make charitable gift. That’s especially true when appreciated […]

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