Acting as a Fiduciary: What Does It Really Mean?

As you may have seen, the Department of Labor has proposed again delaying the implementation of the fiduciary rule, which will require advisors to put clients’ interests ahead of their own when managing retirement accounts.

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Life Insurance Awareness Month – A Few Quick Tips

We are going to touch on a few high-level issues common with many life insurance policies that are important to keep in mind on an annual basis.

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Is My Will Enough?

This isn’t a post about willpower and accomplishing one’s goals. It’s about the essential estate planning document known as a will. Everyone should have these three key estate planning documents:

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Estate Planning Checklist

As we get closer to the 4th quarter of 2017, it is a great time to start thinking about updating our estate plans. A carefully crafted estate plan can be one of the greatest gifts you can give to your loved ones.

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Equifax Breach – Steps You Should Take

As you may have seen on the news over the last 24 hours, Equifax – one of the three major credit reporting agencies – had a significant data breach at the beginning of this summer.  If you’ve ever run a credit report in the past, it’s likely your personal information was exposed.  Per reports, the […]

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Choosing an IRA Beneficiary? Choose Wisely…

Your choice of beneficiary(s) for your IRA can have major tax consequences. Choose wisely with your advisor’s counsel. Leaving your IRA to an individual is a simple and flexible solution. Leaving your IRA to a trust is more complex and requires the advice of an experienced estate attorney.

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What Happens to My IRA When I Die?

Most people’s wills do not specify or control what happens to their IRAs. That’s because an IRA has its own distribution schedule that operates independently of a person’s will. IRAs have beneficiary designations that are created when the IRA is opened. These beneficiary designations should be reviewed on a regular basis and can be changed with written notice at any time prior to one’s death. Most people name their spouse as their primary beneficiary and then their children as contingent beneficiaries, with the children splitting their shares equally.

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