Why You Should Name a Stand-Alone Retirement Trust as Beneficiary

It is critical that you name the correct beneficiary for your tax-deferred retirement accounts.  Deferring taxes allows your retirement account balance to grow, decreases the income taxes you have to pay, and helps your account’s “life” stretch out as far as possible.  After you pass away, the new beneficiary’s life expectancy will determine the amount […]

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Estate Planning for Second Marriages

When individuals enter into their first marriage, they often have the same estate planning objective: when one of them passes away, take care of the surviving spouse until they too pass away, and their children receive the remaining assets. Estate Planning Objectives in Second Marriages However, a second marriage is often different.  The children in the second […]

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8 Ways Your Beneficiary Designations Can Create Problems

Beneficiary designations are an estate planning strategy that many people use, and for good reason.  It is an effective, quick, free, easy, and direct way to pass on property.  Many people have a lot of value in these assets, such as life insurance policies, IRAs, retirement plans and even bank accounts. 

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How to Defer Income Tax on Your Retirement Plan

Deferring Income Tax Within the Internal Revenue Code, some of the laws that most benefit you and I are those the allow the beneficiaries (you and I) of qualified retirement plans (think IRAs, etc.) to defer our income tax liability until the beneficiary withdraws money out of the IRA. These laws allow your IRA’s principal to grow tax-free, which means […]

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The Most Important Love Letters You Will Ever Write

Most Americans believe that the purpose of preparing an estate plan is merely in preparation for their own passing and that only wealthy individuals and families need to do it.  However, loving and comprehensive estate planning is concerned with expressing care, concern, and continuing to sharing treasured values and priorities with family just as much as it is concerned with giving property […]

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529 Plans: How to Pay for College and Do Estate Planning

urrently, costs associated with paying for college is increasing five to six percent faster than inflation in the United States. In-state tuition at a four-year public university is more than $18,000, and out-of-state tuition is more than $30,000.  Private universities are even more expensive than that.  

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