Four Reasons Why Estate Planning Isn’t Just for the Top 1 Percent

There is a common misconception that estate plans are only for the ultra-rich – the top 1 percent, 10%, 20%, or some other arbitrary determination of “enough” money.  In reality, nothing could be further from the truth. People at all income and wealth levels can benefit from a comprehensive estate plan. Sadly, many have not…

Three Liability Planning Tips for Physicians Anyone Can Use

Whether you are a physician or not, you probably know that the practice of medicine is a profession fraught with liability.  It’s not just medical malpractice claims either – employment related issues, careless business partners and employees, contractual obligations, and personal liabilities add to the risk assumed by a physician in private practice.  Unfortunately, in…

Choosing Trustee, Executor, and Agent Under a Power of Attorney.

How to Pick a Trustee, Executor, and Agent Under a Power of Attorney While the term fiduciary is a legal term with a long history, it very generally means someone who is legally obligated to act in another person’s best interests. Trustees, executors, and agents are all examples of fiduciaries. When you pick trustees, executors,…

9 Financial Resolutions for A Happy New Year!

  As 2017 is upon us, it’s an excellent time to begin making plans for growth in the upcoming year. According to a study conducted by Fidelity Investments, 36 percent of Americans considered making at least one finance-based New Year’s resolution for 2017.  While many people avoid making New Year’s resolutions for fear that they…

How Will Brexit Impact Your Financial Planning?

Market volatility is a constant in our modern world. But so-called Black Swan events sometimes take the concept of volatility to the next level. On June 23, voters in the U.K. passed a referendum supporting the idea that Britain should leave the European Union. Known as “Brexit” for short, this surprising political outcome instantly plunged…

Investment, Insurance, Annuity, and Retirement Planning Considerations

If you choose to use a Standalone Retirement Trust (SRT) to provide asset protection benefits for your beneficiaries, then the tax-related asset allocation strategy would be essentially the same as without an SRT, with one small exception. Consider skewing your investment plan toward: loading retirement accounts and inherited retirement accounts with bonds, REITS, and other assets…

Caution: Creditors Now Have Easy Access to Inherited IRAs

Do you have IRAs or other retirement accounts that you plan to leave to your loved ones?  If so, proceed with caution.  Most people don’t know the law has changed: inherited retirement accounts no longer have asset protection, meaning they can be seized by strangers. How Can Inherited IRAs Be Protected?  Enter the Standalone Retirement…