How Do I Know If I Need An Estate Plan?

An estate plan is simply a set of instructions that outlines what you want to happen if you become incapacitated and when you die.  Regardless of your wealth—modest or monstrous—your plan details your desires, family situation, assets, and how and by whom you want...

What Happens If I Don’t Have An Estate Plan?

Some people don’t believe they need an estate plan. Daily, I hear “my life and estate are simple.” However, if you don’t set up your own, the state of California will “simply” decide what happens to your estate for you. Regardless of how much money you have, home...

Clinton Lack of Plan Could Be Costly

A Forbes magazine analysis of the Bill and Hillary Clinton’s family holdings suggests that their net worth is somewhere in the range of $45 million, which sounds like a pretty hefty nest egg. However, without proper estate planning, that sum could take a huge hit and...

Can You Name a Trust as an IRA Beneficiary?

While there are no tax benefits, there may be situations in which you want to name a trust as your IRA beneficiary. If properly structured, and in keeping with IRS requirements, an IRA Beneficiary Trust can help ensure that the beneficiaries will effectively use the...

Giving Tax Free IRA Distributions to Charities

If you are over 70 ½ years old, you are now allowed to donate up to $100,000 a year tax free from your IRA to a public charity.  The IRA Charitable Rollover is now a permanent tool that you can incorporate into your financial planning strategy. These gifts are...