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Caution: Your Traditional Asset Protection Plan is Set Up to Fail

You may be surprised to learn that not only has asset protection planning been around for a long time, but you have already engaged in it at some point during your life.  In fact, you probably have one or more types of traditional asset protection planning in place at this very moment.  The problem is in many cases the type of planning you have right now won’t be enough to protect you and your family.Continue reading

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Dispelling the Top 3 Estate Planning Myths

Like any other complex subject, estate planning has its share of myths and misconceptions.  Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed.

 Estate Planning Myth #1 – You Don’t Need an Estate Plan Because Your Spouse Will Inherit EverythingContinue reading

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5 Most Expensive States for Retirees in 2015

While there are many factors to consider when choosing the place where you will retire, the ones that will impact your wallet may be the most important.  Why?  Because having a low crime rate and beautiful weather will be irrelevant if high costs deplete your retirement nest egg faster than anticipated.Continue reading

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Federal and State Death Tax Updates

Death taxes are back in the news at the federal level as well as in Delaware and Minnesota.Continue reading

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Can a person use a Beneficiary Deed to transfer her house when her house is titled in her name as trustee of her living trust?

Arizona Revised Statute §33-405 allows any property owner to sign a beneficiary deed having the effect of transferring ownership of real property to the designated beneficiary at the owner’s death. It is not uncommon for people to hold legal title to their houses in their own name as trustee of their revocable trust. In one instance a woman wanted to make sure her house went to her designated beneficiary “no matter what she did with her trust,” and thus provided for the beneficiary in her trust and also signed a beneficiary deed to make sure the transfer was effective immediately upon her death.Continue reading