Potential Problems with Beneficiary Designations

Many clients use beneficiary designations, and for good reason. Some significant assets, including life insurance policies, IRAs, retirement plans and even bank accounts, allow a beneficiary to be named. It’s free, it’s easy, and, when the owner dies, these assets are designed to be paid directly to the individual(s) named as beneficiary, outside of probate. [...]

By | 2017-12-08T16:21:10+00:00 December 8th, 2017|Estate Planning|0 Comments

Asset Protection Planning

We all have a lawsuit bulls-eye on our backs. Unfortunately, lawsuits, including frivolous lawsuits, are filed daily against good people like you. Asset protection planning, which is an important part of estate planning, can protect you, your family, and your assets. You’ve likely already done some asset protection planning such as purchasing homeowners’ and auto [...]

By | 2017-11-17T14:24:03+00:00 November 17th, 2017|Estate Planning|0 Comments

Estate Planning After Divorce

One area that is often overlooked in the divorce process is the need to update estate planning. Most people would agree that their ex-spouse is the last person they want to inherit their assets when they die—or to have that person make life and death decisions for them. But that is exactly what can happen [...]

By | 2017-10-20T14:18:32+00:00 October 20th, 2017|Estate Planning|0 Comments

Irrevocable Life Insurance Trust

An Irrevocable Life Insurance Trust (ILIT) is an irrevocable trust that applies for, owns, and maintains life insurance. It’s purpose is to get life insurance cash value and proceeds out of an estate for federal estate tax and generation-skipping tax purposes. Often, life insurance is purchased to equalize inheritances, provide an inheritance, fund tax bills, [...]

By | 2017-10-13T14:36:36+00:00 October 13th, 2017|Estate Planning|0 Comments

Estate Planning After Divorce

One area that is often overlooked in the divorce process is the need to update estate planning. Most people would agree that their ex-spouse is the last person they want to inherit their assets when they die—or to have that person make life and death decisions for them. But that is exactly what can happen [...]

By | 2017-09-29T21:02:09+00:00 September 29th, 2017|Estate Planning|0 Comments

How A Living Trust Helps Your Family

There are several parts to an estate plan, one of them being a living trust. Common factors that prompt someone to create a trust include privacy, tax benefits, avoiding probate, and caring for family members with special needs. Estate planning also lets you dictate how your assets will pass on to future generations after your [...]

By | 2017-09-22T19:40:29+00:00 September 22nd, 2017|Estate Planning|0 Comments