Category Archives: Insurance and Estate Planning
Estate Planning
The conundrum regarding estate planning reaches many different levels. Should I have a trust? What about an irrevocable trust? Who should own or be beneficiaries of my assets? Should it be the trust or an individual? I could go on … Continue reading
Get The Right Advice When Making A Change In The Beneficiary Of An IRA
There are often times when professionals should just adhere to their individual disciplines. When they choose to go outside of their known realm of expertise, they can give incorrect advice that can cost a client thousands of dollars. Consider the … Continue reading
Guidelines To Allocating Your Inheritance
As parents die and pass their assets onto their children, I am constantly asked how proceeds should be allocated. Whereas there is no “hard and fast” rule(s) on how these monies should be positioned, there are many general guidelines, which … Continue reading
What Kind Of Life Insurance Do I Need?
Life Insurance is one of those subjects that conjure up the need to take a Zantac primarily because it reinforces the adage that the only thing certain is death and taxes. Nobody likes to talk about mortality, especially his own, … Continue reading
Beneficiary Designations
There has always been confusion between the terms, trusts, probate and beneficiaries. How are they used? What are the advantages and pitfalls? In this posting, I want to discuss beneficiary designations and appropriate ways of caring for this subject.