Whom should you name as the beneficiary of your IRA or Qualified Plan? Sometimes, it can be best to name a trust for your intended beneficiary. Read on to see the protections a trust can offer that a direct designation of the individual would not.Naming a Trust as Beneficiary of an IRA … [Read more...]
6 Important Estate Planning Considerations – Part 3: Your Kids
In June, we covered Part 1 (Long-Term Care) and Part 2 (Incapacity) in a six part series covering important estate planning considerations. Another point deserving some thought is how an estate plan can direct not just to whom assets should go, but also how. Each beneficiary is unique and the estate plan should consider their unique situation. This article looks at a couple with three very different children and how they might leave the assets for them in three very different ways.6 … [Read more...]
Do You Really Need an Estate Plan?
There are those who decide that they don't need an estate plan because they are not going to be exposed to the federal estate tax. … [Read more...]
Is Your Estate Plan Thoughtfully Constructed?
While most people do not have an estate plan in place, there are those who have made minimal efforts. There are websites on the Internet that sell legal documents including last wills. Maybe you are among those who have pieced something together using one of these downloads or worksheets under the idea that anything is better than nothing. Anything is better than nothing in some cases, but it may not be better in others. If you had no last will all of your assets would be passed along to your … [Read more...]
Free Report on Asset Protection Available
When you have accomplished your financial goals and you are in possession of a considerable store of monetary resources you may want to consider asset protection strategies.We live in a litigious society, and divorce is very common as well. In light of these factors you may want to position your assets in an intelligent, measured fashion. … [Read more...]
A Primer in Estate Planning Documents
While there are a variety of tools and forms that can make up a comprehensive estate plan, we thought it would be beneficial to go over some of the more common documents. Here then, is a quick look at three estate planning documents you're most likely to encounter. … [Read more...]
How Will You Provide for Your Grandchildren?
Grandparents who want to provide for their grandchildren have a number of options when they are engaged in the process of estate planning. Exactly how to proceed depends largely upon the extent of your assets and the ages of your grandchildren. … [Read more...]
Oklahoma City Estate Planning Information
If you find yourself visiting this blog you are probably looking for Oklahoma City estate planning information. We do indeed endeavor to pass along a steady stream of sound data for our readers to draw from here on the blog.However, we also offer an informative free estate planning report that was professionally prepared to provide interested parties with a solid foundational understanding of the various facets of estate planning. … [Read more...]
Remarriage Has Estate Planning Ramifications
When you get married for a second or third time you should consider the estate planning ramifications. If you already have estate planning documents in place (as well you should) you will have to make adjustments.Some people have bank accounts or brokerage accounts that would automatically become the property of the beneficiary if the primary account holder was to pass away. If you have such an account you may want to change the beneficiary upon remarriage. … [Read more...]
Special Needs Planning: Providing Without Jeopardizing Benefits
You must evaluate the unique needs and personal proclivities of your heirs when you are planning your estate.There is no one required way to transfer assets to your loved ones. The intelligent course of action is to discuss your unique family dynamic with a good estate planning attorney when you are making preparations for the future. … [Read more...]
