Single Member LLC- Charging Order, Creditor Claims, Pass-through

Single member LLC is not enough to protect the member from creditor claims. The Charging Order does not define the creditor as a substituted limited partner for tax purposes to protect the single member LLC. Fraudulent conveyance and Civil Conspiracy can be judged against the financial planner, lawyer or accountant. What is the Uniform Fraudulent Transfer Act.

Why Most People's Beneficiaries Will Not Receive Benefits

Today I am going to talk a little about the problems I see with beneficiary selections on both IRAs and Life Insurance. First let's review exactly what a...

Living Trust Confusion

With all the misinformation on the web about living trusts, it's easy to be confused. The truth is that living trusts are good for some people and not for others. Only by educating yourself can you know if a living trust is for you.

Tax Sheltered Annuity TSA 403b - What is It?

Tax-Sheltered Annuity or TSA (also known as 403(b)) is an alternative retirement savings plan. Tax-Sheltered Annuity benefits are contributions to a Tax-Sheltered Annuity are done through a payroll deduction and are therefore taken out pre-tax. Rollover funds into other investment options such as 401(k), another 403(b) or Individual Retirement Account (IRA). Unlike deferred annuity, there are contribution limits of Tax-Sheltered Annuity. Tax penalties, income tax and excise tax on Tax-Sheltered Annuity.

Charitable Gift Annuity - Immediate, Deferred, College, Flexible Annuity

What is a Charitable Gift Annuity? Different types of Charitable Gift Annuities or annuity options: Immediate Annuity begin receiving payments immediately following final contribution date, Deferred Annuity allows donor to predetermine future date of payments, College Annuity for child's college fund, Flexible Annuity allows annuitant to decide start date of payments. American Council on Gift Annuities (ACGA) sets uniform gift annuity rates for use by charitable organizations. Example of Chartible Gift Annuity.

Estate - Beyond The Living Will

Living wills have received a great deal of attention due to the recent Terry Schiavo situation. Because her end-of-life wishes were in dispute, family members battled each other in the courts over her treatment and care. By having a proper Living Will, you can avoid such confusion. But a Living Will doesn’t ensure you have all your bases covered. There are other equally important documents you must have in place.

Division Without Divisiveness

You've probably heard the horror stories - how sometimes families are torn apart by hard feelings stemming from the inequitable division of estates or even from the perception that the division was not fair. As an outside observer, it might be easy to dismiss such cases as pointless, petty, and avoidable. But how easy it is for all of us to repeat the same mistakes that led to these tragic consequences!

Good Intentions Could Lead to Family Feuds

Good Intentions Could Lead to Family Feuds

Estate - Do You Owe Taxes On That Gift?

This article discusses gifts and if you will owe income taxes on them.

Estate - Clearing Up Estate Document Confusion

Few topics confuse investors more than figuring out what estate-related documents they need. Living Wills, Living Trusts, and Powers of Attorney are just a few of the terms that most find hard to define, let alone understand.

Would You Want EVERYONE To Be Able To Read Your Will?

Your will - showing everything you've accumulated throughout your life - is public record! Anyone, even your enemies can read it! This article shows you how to keep your estate private.

Trustee of a Trust

What is the trustee of a trust? What is the accountability of a trustee and the fiduciary relationship to the beneficiaries? How does the trustee relate to an irrevocable trust? What's a trust protector?

Grantor Trust - What is It?

How the grantor trust relates to the trust contract. What is a grantor in a trust? The living revocable trust by the grantor does not provide asset protection nor avoid estate taxes. The grantor benefits when setting up an irrevocable trust.

Estate Planning and the Enduring Power Of Attorney - Changes Imminent

It can be hard to imagine that you may not be able to look after yourself at some point in the future. As most of us are only too aware though, the chances of this situation arising is likely. But who will look after your financial affairs? And how will it all work, especially if your situation deteriorates quickly? Let's look at the options available to you-

What Would Happen If You Got Sued? Can't Happen To You? Think Again! You Need Asset Protection

Sadly this could happen to you: The doorbell rings and a courier arrives with a package for you to sign. What could it be? A gift from someone? You sign and open the box to find you have been served. The mailman tripped and hit his head which led to a stroke. His family is now suing you for 18 million dollars. Your home insurance policy only covers personal injury up to 7 million. Your in big trouble. What started out as a great day has now become the beginning of a nightmare. Your assets including your home are at risk. Sadly this coiuld havppen to you. It happens thousands of times each day! Courts are filled with these types of cases every day. I personally know the head of a large law firm that only handles these type of cases. Its a big business. Now here's the kicker: These lawyers work on comission. The party filing the lawsuit pays nothing and the lawyers are like hungry dogs. Nipping and knawing at you. Dragging you into court for this and that. All the time you have to pay a lawyer ungodly sums of money to just defend yourself. The nightmare doesn't seem to end. Then when they have you sweating they start the settlement proceedings. All the time you are paying your lawyer. If if you win, you loose! Do you risk loosing everything or do you settle?