Posts Currently viewing the category: "Estate Planning"

  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 primary areas we find lacking…(Read More)

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 will? A will is a legal document that…(Read More)

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 it’s included here because it’s a vital component of many estate plans. Durable…(Read More)

Financial Advisor Billings MT

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 Act extended bankruptcy protection to “retirement funds,” shielding traditional and Roth IRAs up to…(Read More)

Retirement Planning Billings MT

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 help ensure that your clan won’t be left bickering about money…(Read More)

investing in retirement billings mt

The death of a spouse or life partner is one of the toughest events you can go through. Along with the emotional adjustment of continuing on without your best friend, there is additional stress involved in facing the relevant financial issues while you are still grieving. But there are things you can do now to…(Read More)