Articles

Separate Trust Offer More Benefits

I am occasionally asked why I usually prepare separate trusts for married couples instead of a joint trust. The reason is very simple, it is what most of my clients want. Once I explain all the benefits and burdens of …

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DiVersify With Real Estate

You have your CDs, stocks, bonds and mutual funds. You now want to diversify more. Real estate is one good way to diversify your investment portfolio. There are some real deals out there in the current bargain market. Just like …

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Tools To Help You Decide When to Retire

These days, everyone is taking a new look at their finances, and no one is looking more closely than the millions of baby boomers who are nearing retirement age. While some boomers expected to retire at one of the traditional …

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Medicare Enrollment Starts November 15

If you are over the age of 65, it’s that time of year to review your Medicare plans. Once a year from November 15 through December 31, those eligible for Medicare have the option to change existing Medicare Part D …

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Who’s In Charge of the Funeral

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

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

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

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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Is Equal Fair

If you are like most parents, you want to treat your children fairly when giving lifetime gifts or a share of your estate. You have worked hard over your lifetime to accumulate your property. You should be able to give …

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