A Standalone Retirement Trust Can Safeguard Your IRA Beneficiaries

A Standalone Retirement Trust Can Safeguard Your IRA Beneficiaries

A Standalone Retirement Trust solves a number of issues related to leaving behind tax-qualified retirement accounts as an inheritance to non-spousal beneficiaries. In other words, leaving unspent funds from an IRA or 401k directly to your loved ones has some downsides.  People with IRAs, 401ks, and similar accounts,...
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How the New SECURE Act Will Affect Trust-Based Estate Planning

How the New SECURE Act Will Affect Trust-Based Estate Planning

Trusts are a highly advantageous component of estate planning for millions of Americans. A new comprehensive retirement reform, however, has changed the rules in ways that may require immediate attention.  Last year, Congress passed the Setting Every Community Up for Retirement Enhancement Act, also known as the...
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Does a New Decade Mean You Should Review Old Estate Plans?

Does a New Decade Mean You Should Review Old Estate Plans?

An estate plan is something each of us needs in our lives to ensure that we are protected against any circumstance. Unfortunately, for the majority of Americans today, research continues to tell us that they have not begun to complete the estate plan that they need. When you have an estate plan, however, what you may...
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4 Ways to Help an Aging Parent with Estate Planning

4 Ways to Help an Aging Parent with Estate Planning

Did you realize that more than half of Americans either lack an estate plan, or have one that is out-of-date? That is taking an enormous, and unnecessary, risk. Why? The reason is simple. If you do not decide how to protect and pass on your wealth, then the state can, and your loved ones may not like it. How do we...
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How Could the Secure Act Impact Your IRA-based Estate Planning?

How Could the Secure Act Impact Your IRA-based Estate Planning?

Did you know that bequeathing Individual Retirement Accounts (IRAs) is becoming more prevalent? This may be because the Baby Boomer generation is the first generation that has created retirement wealth in IRAs. The proposed SECURE Act, however, may require the IRA owner to make some changes to his or her IRA estate...
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