23 May
May 23, 2014

Many revocable living trusts contain bypass planning language. This type of planning language captures assets owned by the grantor at death to form a new trust. The surviving spouse usually has a beneficial interest in the trust assets, such as net income, but does not have absolute ownership of the assets. These trusts are referred to by several names including the family trust, credit shelter trust, bypass trust, or the residuary trust.

The assets captured using this planning strategy typically amount

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15 Oct
October 15, 2013

Each year advisors recommend a list of review considerations for year end planning. The importance of reviewing your beneficiary designations cannot be minimized.

Beneficiaries are named in account types such as 401k, 403b, IRA, life insurance, annuities, payable on death accounts and certain pension accounts (i.e. 5 or 10 year certain pension options).

Generally the owner of the asset is allowed to choose who will inherit the account upon the owner’s death. There are a few exceptions regarding ERISA Accounts (401k, 403b);

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10 Oct
October 10, 2013

Contributions to an IRA are made to supplement income during retirement. Letting your retirement assets grow before retirement is usually critical to ensuring your retirement goals are met. However, there are times when unforeseen circumstances and expenses force you to consider taking funds from your IRA to meet those financial hurdles. Traditional IRA distributions are always taxable income to you for the gross amount of the distribution taken. In addition to the income, withdrawals taken prior to 59 ½ years

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27 Sep
September 27, 2012

Over the past five years, the markets have been very volatile and unpredictable. And there’s no reason to believe that the rollercoaster ride will end any time soon. You may find it interesting to analyze your returns over the past five years and take a close look at where you are today, versus where you were on September 1, 2007. Which of these scenarios is more frustrating to you: an annual return of 1.3% in the S&P 500, or an

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12 Sep
September 12, 2011

Often people believe that estate planning is having a will or possibly a trust. However, there are other documents to include in your basic estate plan in order to ensure that all of your needs are taken care of both during lifetime as well as at death.
The basic documents that every estate plan should have are:

Will/Trust – Is the main document of the plan. The Will/Trust provides for asset distribution upon death. A properly drafted document can save estate taxes,

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