5 mistakes people make regarding their estate
At Strategic Retirement Plans we work with each client to make sure all 5 areas of their financial plan are complete. However, many times when we begin working with new clients we find gaps in what they believe to be a complete plan. In these cases, one of the...
Will vs. Trust: Is One Better than the Other?
When it comes to planning your estate, you might be wondering whether you should use a will or a trust (or both). Understanding the similarities and the differences between these two important documents may help you decide which strategy is better for you. What is a...
Key Estate Planning Documents You Need
There are five estate planning documents you may need, regardless of your age, health, or wealth: Durable power of attorney Advanced medical directives Will Letter of instruction Living trust The last document, a living trust, isn’t always necessary, but...
Supreme Court Rules on Inherited IRAs
As a result of the Supreme Court’s recent decision in Clark v. Rameker, IRA assets inherited by a nonspouse beneficiary are no longer protected from creditors in a bankruptcy proceeding. Background In 2005, the Bankruptcy Abuse Prevention and Consumer Protection...
Avoiding Inheritance Conflict in Your Family
Even in the most close-knit families, an inheritance can cause a feud if the deceased hasn’t left a detailed plan. You might be thinking, “That would never happen to my family!” Unfortunately, family feuds over inheritances are all too common. To...Ready to Get Acquainted?
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