810.985.4320

Who’s In Charge of the Funeral

Posted on 10/25/2009

Mom has died. Dad cannot agree on the funeral arrangements with the kids and none of them agree with the pre-paid funeral plan that Mom has set up. If the family cannot agree then who does the funeral home listen …

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Flesh Out Your Financial Skeleton

Posted on 10/18/2009

As Halloween hovers on the horizon, the most frightening prospect for some adults has nothing to do with ghosts or goblins. Rather, it’s their scary lack of preparation when it comes to retirement planning. I suggest a new activity: fleshing …

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Understanding Step Up Basis

Posted on 10/11/2009

I occasionally have discussions with people receiving inherited IRAs who think that they can escape both income and estate taxation on the IRAs because of the step-up in tax basis rule. You may have heard of the step-up in tax …

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Real Estate in Your IRA

Posted on 10/04/2009

You have found the perfect investment property, the price is low and the seller wants to unload it. However, you don’t have the cash to purchase real estate except in your IRA. If you just take the funds out of …

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No Results Yet!

Legend:

0-15 Level of risk is low.

You have done a very good job of protecting your estate.

16-30 Level of risk is moderate.

You have done a pretty good job of protecting your estate.

31-45 Level of risk in the "dangerous" area.

  • Examine areas where you are weak.
  • Seek advice from competent professionals that you trust.

46+ Level of risk is "severe".

  • Immediately begin a comprehensive examination of your estate planning needs.
  • Develop a step-by-step plan to plan for your disability and to protect your estate.
  • Seek advice from competent professionals that you trust.

Disclaimer

This website is not designed for do-it-yourselfers. The ideas presented herein are for discussion and educational purposes only. The information presented is the opinion of the authors only and DOES NOT create any attorney/client relationship and is not to be relied upon for any specific person or situation. For specific information regarding your needs, concerns, and plan, you must consult with your tax advisor, financial planner and estate planning attorney to discuss your situation and obtain advice.

You should not attempt to implement any of the techniques or ideas presented without competent advice. You would not want to do your own brain surgery, why would you want to do your own estate plan? Check with a qualified Attorney or other professional adviser before you attempt to implement these or any other estate planning techniques. It usually costs more to fix an estate planning problem than it would have cost to do it properly in the first place.

Legal and tax issues frequently change, therefore some material may be affected by changes in the laws regarding wills, trusts, taxes, and other issues, or new interpretations of the law since preparing this material. For that reason, the accuracy and completeness of information and the opinions expressed are not guaranteed. The information in this website may be reproduced, mechanically or electronically, in whole or in part so long as the firm information and copyright data are included in such reproduction.