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You Need to Set Up Asset Protection for the Inherited IRA

Asset protection for IRAs is often overlooked. IRA beneficiaries may be exposed to the potential loss of some or all of their inherited IRAs, for many reasons: Loss of the IRA to lawsuits and creditors. State statutes vary on how much they exempt IRAs from lawsuitsand creditors’ judgments. Recent Rulings on a federal level have deemed IRAs to not be creditor proof.  So in the even...
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5 Reasons Why You Need An Estate Plan

   You Need An Estate Plan. Here's why... Avoiding Probate. We have all heard that this is something to avoid, but what are the problems with probate?  The main ones are the unnecessary costs, and the potential time delays that can tie up assets.   The good news is with good planning it can be easily avoided. Determining Beneficiaries. Without an estate plan, your assets will often...
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What Exactly Is A Will And How Does It Work?

According to Investopedia: A will is a legal document that states your wishes regarding the distribution of your estate and the care of any minor dependants. It is recommended that you use a will that is signed  and witnessed, so that your wishes are recognized in a court of law. There are different types of wills, which include: 1. Testamentary or self-proving will is a written will that i...
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