Asset Protection Archives

Avoid Being a Victim of Elder Investment Fraud

elder couple standing with worried looks on their faces

If you have worked and saved for many years, you probably have fun thinking about how to enjoy your hard-earned resources when you retire. Maybe you dream of a vacation home, exotic travel destinations, or having more time for a

The Importance of Having an Estate Plan

elder couple sitting on the grass smiling at each other

Sometimes, effective reminders are necessary to motivate the vital, but procrastinated decisions essential for planning for the future, and the month of May provides a number of good reminders, particularly for senior adults. May is National Stroke Awareness month. According

4 Asset Protection Strategies

a man holding an umbrella over a piggy bank representing money protection

Asset protection can certainly be complicated and confusing, especially for those with larger estates. However, there are straightforward steps that can be taken to protect property against potential future creditors, lawsuits and other unforeseen circumstances. While there are situations that

ElderTalk with TuckerAllen

ElderTalk podcast offers smart strategies for seniors and an open forum for older adults with important questions about their future.

Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by TuckerAllen attorney Teresa Yao to break down methods of utilizing estate planning for charitable giving. They highlight how a bequest in a will or trust offers informative instructions on how much money is being given and to what charity.

Joe and Teresa highlight the risks involved when the correct legal name of the charity is not used in the estate planning documents and how closely these conditions are monitored. They also talk about what may happen if someone leaves all of their money to a charity and the surviving family members contest the will or trust.

They also talk about what may happen if a charity is not identified, but rather, a request is left that the heirs donate a percentage of assets to a specific charity after death. Teresa also highlights the ins and outs of naming a charity as the beneficiary of a retirement account, as well as how pet trusts are created, in order to take care of pets after you die.

The post Charitable Giving in Your Estate Plan [Episode 166] appeared first on Joseph E. Cordell.