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 292 Articles.
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financial-emergency-plan

How to Prepare Your Financial Emergency Kit

September 1, 2000

You might have solid investments and a good estate plan. But your financial planning isn’t complete without a financial emergency kit. An ideal time to put one together is when you are working on your estate plan. A financial emergency kit is a set of tools that can keep a difficult time from becoming much […]

how-to-teach-grandkids-wealth-management

How to Teach Grandkids Wealth Management

September 1, 2000

It is nice to give wealth to grandchildren. But an even better gift can be to teach them how to multiply and manage their wealth the rest of their lives. Youngsters today are more financially savvy than any prior generation. They own investments, have such high discretionary income that retailers pitch to youngsters, and even […]

total-return-trust

The Modern Way To Give: The Total Return Trust

August 1, 2000

Too many trusts these days are set up the old-fashioned way. I see them all the time. The result is that all the beneficiaries of the trust are short-changed, and they often end up angry at each other, the trustee, and the grantor. A once-generous endowment eventually becomes a legacy of discontent. Suppose you want […]

new-ways-to-invest-for-grandchildren

New Ways to Invest for Grandchildren

August 1, 2000

The market sent a message to grandparents the last few years. To ensure the success of your plan to leave the grandchildren wealth, heed this message. A time-honored practice when setting up an account or trust for grandchildren is to buy shares in one or a few favored companies, then leave them alone. The grandchildren […]

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estate planning

No-Tax, Low-Cost Way to Help a Grandchild

July 1, 2000

You don’t need to give away money or property to help the grandchildren. You can lend to the grandchildren and let them build something with the loan. Here’s one plan. Lend $50,000 to your grandchild for five years. The grandchild invests the money and earns 10% annually. At the end of five years, the grandchild […]

increase-income-boost-legacy

Increase Income And Boost Your Legacy

June 1, 2000

There is a plan that might boost your current after-tax investment income and increase the estate left to your heirs. Especially if you own bonds to generate income, including tax-free bonds, consider this strategy as part of both your investment planning and estate planning. A problem with bonds, even tax-free bonds, is that estate taxes […]

cutting-your-taxes-by-30-or-more

Cutting Your Taxes By 30% Or More

June 1, 2000

Despite repeated IRS attacks, the family limited partnership still provides substantial tax savings. The IRS hates FLPs because you retain a lot of control over the assets. But the IRS has trouble winning court cases. Numerous court cases now give fairly clear rules for using this flexible tool to greatly increase the after-tax wealth left […]

passing-wealth-grandchildren

Strategies for Passing Wealth to Grandchildren

May 1, 2000

The government doesn’t want you to give or leave wealth to your grandchildren. A penalty tax is imposed on those who try. But there are numerous ways to avoid the penalty and leave substantial wealth to the third generation. Most of these strategies are very simple. The penalty tax is the generation-skipping tax, which I […]

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