protecting your retirement accounts after your death

IRAs: PROTECTION FROM CREDITORS USING A STANDALONE RETIREMENT TRUST

Gabriel Katzner - April 13, 2021 - Asset Protection

Mark and Leslie have been married for 40 years. They each have retirement accounts they have contributed to faithfully throughout their adult lives. Mark and Leslie have three adult children, and Mark has a child from a previous marriage. Mark has recently passed. What will happen to his retirement account? How can Leslie ensure her […]

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PROPERTY AND ACCOUNTS

AFTER THE DEATH OF A LOVED ONE: REVIEW YOUR PROPERTY AND ACCOUNTS

Leann Poston - April 12, 2021 - Estate Planning

As each new year rolls around, you might have traditions and tasks that you take care of to make the upcoming year easier and more productive for your family. Estate planning for your accounts and properties and their ownership should be included in these yearly plans, especially after the death of a loved one. How […]

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PROTECT YOUR RETIREMENT ACCOUNTS

PROTECT YOUR RETIREMENT ACCOUNTS USING A STANDALONE RETIREMENT TRUST

Gabriel Katzner - April 6, 2021 - Asset Protection

You have spent a lifetime building your retirement accounts. The asset protection they provide from creditors and a financial safety net for the future are benefits that lead all savvy investors to maximize their contributions each year. Do these same benefits carry-over when you pass your retirement account on to your spouse, child, or other […]

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Choosing a Trustee

CHOOSING A TRUSTEE: FAMILY, FRIEND, OR PROFESSIONAL?

admin - March 31, 2021 - Trust Administration

Trusts are legal entities into which you can transfer your property, accounts, and assets for the benefit of a living person. Many people establish trusts as an alternative to a Last Will and Testament.  Two Types of Trusts A revocable living trust is a trust you create and retain control over throughout your lifetime. A […]

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STANDALONE RETIREMENT TRUSTS

STANDALONE RETIREMENT TRUSTS: A NECESSARY ADDITION TO YOUR ASSET PROTECTION TOOLKIT

Gabriel Katzner - March 30, 2021 - Asset Protection

Standalone Retirement Trusts (SRTs) are an option to protect your individual retirement accounts that you may not have considered. One of the major benefits of an IRA, 401k, or other retirement account is, with some exceptions beyond the scope of this article, the money is safely tucked away from most creditors. It is why many […]

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Joint Tenancy

JOINT TENANCY: FIVE ATYPICAL SITUATIONS

admin - March 22, 2021 - Estate Planning

Mark and Jennifer own a four-bedroom home in a suburb of Chicago. They have three young children and have been married for ten years. Mark is a stay-at-home father who has a small online freelance business. Jennifer is the VP of a major insurance company. They own the property under joint tenancy with rights of […]

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ACCIDENTALLY DISINHERIT YOUR OWN CHILDREN

PARENTAL WARNING: IF YOU OWN YOUR PROPERTY THIS WAY, YOU MAY ACCIDENTALLY DISINHERIT YOUR OWN CHILDREN

Gabriel Katzner - March 18, 2021 - Estate Planning

Owning property as Joint Tenants with Right of Survivorship is easy, common, and often disastrous.  Sadly, children – both minor and adult – are often disinherited. While there are several forms of joint ownership, the one most people use (and the one considered in this discussion) is called “Joint Ownership with Right of Survivorship.” When […]

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Protecting your interests as a beneficiary

PROTECTING YOUR INTERESTS AS A BENEFICIARY, DO YOU NEED AN ATTORNEY?

Gabriel Katzner - March 1, 2021 - Estate Planning

Imagine for a moment. Your Aunt Joanne is a multimillionaire businesswoman who lived in New York and ran two large corporations. She had several long-term relationships but never married. She never had children, though there is a rumor she adopted two young girls when she was in her thirties. Joanne has recently died. Joanne’s attorney […]

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Benefits and drawbacks of putting a timeshare in a trust

BENEFITS AND DRAWBACKS OF PUTTING A TIMESHARE IN A TRUST

Gabriel Katzner - February 22, 2021 - Estate Planning

Megan and Dan are interested in purchasing a timeshare in a condominium complex on their favorite beach. They have the opportunity to buy a two-week block of time that is fixed and a one-week block of floating time. This schedule works for them as they take a vacation at the same time each year. They […]

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