Perhaps the largest part of most Americans’ wealth is in their qualified plan or IRA. Planning for these assets is one of the most important parts of the estate plan, for many reasons. This article will discuss the importance of beneficiary designations. Planning for Retirement Plans and IRAs: Beneficiary Designation … [Read more...] about Planning for Retirement Plans and IRAs: Beneficiary Designation
Planning for Retirement Plans and IRAs: Asset Protection
Perhaps the largest part of most Americans’ wealth is in their qualified plan or IRA. Planning for these assets is one of the most important parts of the estate plan, for many reasons. This article will discuss the asset protection of such plans and how a trust may be used to provide asset protection. Planning for Retirement Plans and IRAs: Asset Protection … [Read more...] about Planning for Retirement Plans and IRAs: Asset Protection
How Does Your Retirement Destination Rank?
Most people understand and acknowledge the need for both estate and retirement planning. Despite this, the vast majority of Americans under the age of 40 do not have either an estate plan nor a retirement plan in place. Regardless of when you start your retirement planning, there will be important decisions you must make as part of that plan. Ensuring that you have sufficient financial resources available to live comfortably when the time comes is undoubtedly at the top of your list of … [Read more...] about How Does Your Retirement Destination Rank?
Creve Coeur Estate Planning Attorneys Help You Decide How Much of Your Estate Plan to Disclose
Creating a comprehensive estate plan is one of the most important things you can do for you and for your loved ones. Creating your initial estate plan is only the first step though toward ensuring that you, your assets, and your loved ones are protected. You will also need to review and revise that plan over the course of your lifetime to ensure that it reflects your current needs and wishes. You should also take some time to consider how much of your estate plan you wish to share with your … [Read more...] about Creve Coeur Estate Planning Attorneys Help You Decide How Much of Your Estate Plan to Disclose
St. Louis Elder Law Attorneys — Is It Alzheimer’s or Just the Natural Aging Process?
In the last several decades, the prevalence of Alzheimer’s disease in the United States has increased dramatically. If you are nearing retirement age, or older, it is certainly understandable if you are concerned about the likelihood that you will develop the disease. If your memory isn’t what it used to be, you may be worried that you already exhibiting early stage symptoms of the disease. Memory loss, however, is also something that occurs as a result of the natural aging process. How can you … [Read more...] about St. Louis Elder Law Attorneys — Is It Alzheimer’s or Just the Natural Aging Process?
Would You Prefer a Charitable Deduction This Year?
Perhaps you would prefer to take a charitable deduction this year. Maybe you have higher income this year, or the reduced ability to take a deduction next year. A donor advised fund may make sense for you. A donor advised fund allows a deduction this year, even though distributions will be made to public charities in future years. Read on to learn more about a donor advised fund. Would You Prefer a Charitable Deduction This Year? … [Read more...] about Would You Prefer a Charitable Deduction This Year?
Basics of Estate Planning: Powers of Appointment – Part 1
Trusts can be very flexible. One of the ways to add flexibility is by using powers of appointment. This article will examine what a power of appointment is and how it may be used to add flexibility to a trust. An upcoming article will examine the tax consequences of powers of appointment. Basics of Estate Planning: Powers of Appointment – Part 1 … [Read more...] about Basics of Estate Planning: Powers of Appointment – Part 1
Basics of Estate Planning: Powers of Appointment – Part 2
Trusts can be very flexible instruments. One of the ways to add flexibility is by using powers of appointment. This article will examine the different types of powers of appointment and how that can impact taxation. Basics of Estate Planning: Powers of Appointment – Part 2 … [Read more...] about Basics of Estate Planning: Powers of Appointment – Part 2
Creve Couer Elder Law Attorneys Answer Top 5 Elder Law Questions
Whether for yourself, or for someone you care for, you will likely need to rely on an elder law attorney at some point in your life for advice and/or guidance. As the nation’s population of older individuals continues to grow at a heretofore unprecedented pace, legal issues that impact the elderly have taken on a heightened importance. While it is always best to consult directly with an elder law attorney with specific questions you may have, the Creve Couer elder law attorneys at Amen, Gantner … [Read more...] about Creve Couer Elder Law Attorneys Answer Top 5 Elder Law Questions
St. Louis Medicaid Attorneys Explain the Transfer Rules
Most people have at least a vague idea of what Medicaid is and what type of benefits the Medicaid program offers to those who are eligible. Unless you have participated in the program before, however, you may find that much of what you believe about the program is not rooted in fact. As you get closer to your retirement years, it becomes more and more important to separate fact from fiction where Medicaid is concerned because you may find that you need to depend on Medicaid to cover your own, or … [Read more...] about St. Louis Medicaid Attorneys Explain the Transfer Rules
