A lot of people have heard the word “Probate” used but I find that they don't really understand what it is or how it can affect them. Probate, simply put, is the process set up by the legislature in every state that gives the courts guidance in how to transfer and manage the property of a decease...
Individuals working for years and planning for retirement ultimately lead to be dynamic go-getters who don't want to think about the limitations and possible incapacitations of old age. However, with smart planning in your 50's and 60's, you can protect your heirs from financial risk and even pro...
There are many people who get duped annually on whole life insurance. Don't get this wrong if you want to overpay for death benefit that goes to your family then Whole Life has merit. However, don't ever get seduced to thinking it has any serious cash build up and that you'll have all kinds of mo...
A fun and easy way to keep fit even when you travel. I've been using this Fitdeck product and getting amazing results. Even when I travel it only weighs a few ounces to have a super workout handy using only your body weight but there are so many cards for every sport.
Ever hear of the two guarantees in life? That's right the two that are very uncomfortable like death and taxes. Your chance of death is 100% While you can't avoid one of the two, the second along with other avoidable expenses like Probate costs can be eliminated with a living trust and the four c...
Social Security is one of the main benefit programs for workers in the United States. At some point, almost everyone will collect something from Social Security. If you are getting close to collecting from Social Security, you might be wondering how the program works and what to expect. Here are ...
Real estate investing is exciting because we get the opportunity to use wealth pillars like leverage which allows ordinary people the ability to considerable wealth in a short time; I know because I've seen it happen. Another exciting aspect is there are always opportunities to make strong return...
One of the crucial decisions in life if you have minor children is to make arrangements for the guardian or guardians who will finish raising your children if you and your spouse should happen to die in a common accident or weather disaster. A will likely find that a lot of thought and planning h...
Succession Capital Using other people's money (OPM) with the intent to realize a financial gain is a financial concept that has been practiced by real estate developers, investors, business owners, and entrepreneurs for centuries. Most recently, this concept is being utilized to purchase life ins...
It takes no special intelligence for a broker or financial adviser to place a client into an equity fund. All you need to have is a securities license and that's about it. The planner you choose—or that someone refers you to—will often check your pulse for risk and then make the selection for you...
Many people have now looked to point a finger and fixed it on the Community Reinvestment Act, passed in 1977, which requires banks to extend loans where they accept deposits. It was created to combat redlining — the practice of denying loans to residents of minority neighborhoods. Conservatives h...
The plan centers on Fannie Mae and Freddie Mac, which between them own or back about 31 million mortgages worth a combined $5 trillion. The federal government took over the firms in September due to mounting losses on their portfolios of mortgages. Eligibility is determined by several factors: Ho...
Louise Witts, senior actuary for SL Investment Management, said: “Life settlement funds are attracting a lot of attention due to their potential to provide steady returns in volatile times.” Source: www.FTAdviser.com
Asset protection from your health. We read a lot about sexy offshore strategies for asset protection and they do make sense and we've completed about 30 of them with huge successes and testimonials. But what about when you get sick or ill as a senior and require nursing care? Medicare does not co...
Planning for retirement allows for many considerations and avoiding Probate is one of them. The good news is if own a retirement account and have named beneficiaries, the account does not have to go through the probate process in most cases. Avoiding probate should be one of the goals of proper ...
Assets are the lifeblood of an individual and losing them to someone else one fine day can be a nightmare! This is where asset protection attorneys in Orange County come to your rescue. Asset protection is the concept and strategy that enables us to guard our precious wealth and allows us to prot...
What is Estate Planning? In 2015 $2.6 Billion dollars was lost to Probate Court Fees nationwide. Those entrapped in the system were not the wealthiest Americans; someone in their family failed to plan and left them having to untangle the mess just to switch title or get control so they can sell o...
The new Health care reform bill includes a 3.8 percent Medicare tax on unearned income including annuities, and possibly income recognized from the surrender or sale of life insurance. Many clients have asked how to get out of annuities they don't need to minimize a potential huge tax hit. This i...
There are five destroyers of wealth. Taxes Inflation Procrastination Expenses Debt So if we know these five exist that eat away our gains and slow our progress, then we know where not to invest. Debt and procrastination are personal things but the other three can be avoided. The typic...
The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) recently passed in the House of Representatives by a margin of 417-3 last Thursday. The bill is slated to be successfully ratified into law by the U.S. Senate later in the year in a rare moment of bipartisanship. The SECUR...
Lies 2 Many people think putting money away tax-deferred is great for retirement. Well, it is not bad but it can have lethal consequences depending on your success over the years and at what tax bracket you retire in. Remember, your deferred plan is tax at ordinary income at the rate your in when...
Two years ago, the current government built their own mark on the United States with what some call the most necessary and important tax reform. The retirement reform that they are planning might be the long shot of 2019 since there are four important pieces of retirement reform in legislation be...
A law was passed in 2009 and requires life insurance companies to change the method of how they price their products. This was MANDATED by the California State Insurance Commissioner, in an attempt to make life insurance and other insurance products more affordable and fairly priced. What this me...
Business Owners: A recent horrifying article discussed how small-business owners are significantly less likely to have retirement plans than wage and salary workers, a pair of studies found. It is wrong that the entrepreneur takes risks every day for themselves, family and maybe investor or share...
Building your dream home for retirement is not an uncommon goal many Americans have. However, just because it's a common dream doesn't mean it's an appropriate dream for a large portion of the population. Sure, you may have several hundred thousand or a couple million in your retirement accounts....