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Estate Planning: Your Family, Your Wealth, Your Legacy.

Archive for August, 2012

Updating Beneficiary Designations

by Antoinette Bone on Aug 30, 2012 Posted on Our Blog

Estate Planning Red Flag You haven’t recently reviewed your retirement plan beneficiary designations No matter how carefully you plan your estate, your objectives can easily be thwarted by inappropriate beneficiary designations for IRAs, 401(k) plans or other retirement accounts. Here are some of the most common mistakes: Failing to coordinate beneficiary designations with the rest […]

The Importance of Planning Early

by Antoinette Bone on Aug 13, 2012 Posted on Our Blog

“Planning is bringing the future into the present so that you can do something about it now.” Alan Lakein, American author and Time Management Expert   We plan to go on vacation.  We plan to have dinner with friends.  But when it comes to planning for how we will be taken care of as we […]

Under some circumstances it can be beneficial to transfer appreciated, income-producing assets to parents with the understanding that they’ll be returned upon the parents’ deaths. Another is to have them convert or roll over traditional IRA or qualified retirement plan balances into a Roth IRA. A sidebar discusses the expansion of the “kiddie tax.” Mining […]