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The Importance of Beneficiary Designations

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  If you have an employer sponsored retirement plan, a life insurance policy, an annuity, or other retirement accounts, you probably specified a beneficiary to inherit the proceeds upon your death.  Beneficiaries can also be named on brokerage accounts, certificates of deposit, mutual fund accounts, and bank accounts.  These accounts become known as payable on death or transfer on death accounts.  … [Read more...] about The Importance of Beneficiary Designations

Will the Beneficiaries of Your Estate Be Responsible in Handling Their Inheritance?

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  Will the beneficiaries of your estate be responsible in handling their inheritance?  Should you distribute the assets of your estate to your loved ones outright and free of any controls, or is there a reason you will want to distribute assets to your estate beneficiaries over time or in increments?    Or do you imagine that after your demise your hard earned assets will be spent quickly and … [Read more...] about Will the Beneficiaries of Your Estate Be Responsible in Handling Their Inheritance?

Picking Up the Pieces After Divorce

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  Consider all the planning a couple may do during the course of their lives: purchasing a home, building a business, starting a family – the list is endless. However, no one plans for a break-up. So what happens when there’s no longer a “happily ever after?” What will our finances, our emotions and even our future look like on the other side of divorce? Not only must we rethink our immediate … [Read more...] about Picking Up the Pieces After Divorce

Naming a Beneficiary for Your Life Insurance Policy

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  If you buy life insurance for your family or are offered free life insurance with your company as an employee benefit, you will be asked to name a beneficiary.   The beneficiary is the person who will receive the money upon your death.  When you fill out the paperwork, you might not give this much thought.  You may automatically write down your spouse or your children.   It is worth taking some … [Read more...] about Naming a Beneficiary for Your Life Insurance Policy

The ABLE Act – Achieving a Better Life Experience Act)

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  What is the ABLE Act? The act is a bill that was introduced in Congress in 2013. It was recently passed by the House, and is up before the Senate.  The ABLE act would amend Section 529 of the Internal Revenue code to create tax-deferred savings plan for those individuals with disabilities without affecting those individual’s eligibility for Medicaid or Supplemental Security Income, or … [Read more...] about The ABLE Act – Achieving a Better Life Experience Act)

The ABLE Act – Achieving a Better Life Experience Act

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  "The ABLE Act - Achieving a Better Life Experience Act" by Attorney Jon J. Gasior … [Read more...] about The ABLE Act – Achieving a Better Life Experience Act

Free Estate Planning Seminars Next Week! Register now!

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  The estate planning seminars establishes the necessary components of an effective estate plan. The seminar is presented in a case study format profiling the life of Bill and Mary Jones. Several scenarios are used to relay the impact of estate planning issues relating to probate, disability due to incompetence, protection of government benefits for special needs loved ones, second marriages, … [Read more...] about Free Estate Planning Seminars Next Week! Register now!