Why New Parents Need to Think About a Will

One More Thing New Parents Need to Know About: Wills
As a new parent, you have a lot on your mind, including your baby’s future. You are probably thinking about all the wonderful times you will have with your child as you grow older together and you are at the beginning of a great new adventure

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2017-08-29T15:17:17-06:00 October 11th, 2016|Tags: |

Top 5 Reasons to Protect Your Retirement Accounts

While you are alive the money in your retirement account enjoys a special status. We call that status asset protection. This means the money is immune from lawsuits and creditor claims which may or may not be fair. The great thing about your retirement accounts is that you can pass any unspent money to your

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2017-08-29T15:31:43-06:00 February 5th, 2016|Tags: , |

Protect Your Children From a Retirement Plan Disaster

U.S. Supreme Court Rules Inherited IRAs are Not Protected from Creditors

On June 12, 2014, the U.S. Supreme Court—in a unanimous decision—ruled that Individual Retirement Accounts (IRAs) inherited by anyone other than a spouse are not retirement assets and as a result will not be protected from the beneficiary’s creditors in bankruptcy.

The rationale behind this is

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2017-08-29T16:44:50-06:00 July 25th, 2014|Tags: , |

Fair vs. Equal?

What if Treating Your Children Fairly Means Unequal Inheritances?

When planning their estate, most parents try to treat their children equally in an effort to be fair.  However, sometimes being fair or doing what’s right by your children may not mean equal or the same inheritances.

The Key Takeaways

  • Treating children the same does not always provide

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2017-08-29T15:19:45-06:00 July 11th, 2014|Tags: |
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