In this video, we explore whether placing assets in a trust can safeguard them from the high costs of long-term care. We’ll discuss the different types of trusts, how they work, and what you need to know to ensure your parents’ assets are protected. Join us as we break down the legal and financial aspects… Read more »
When we’re talking about IUL, kind of think of it as a pie. And depending on how we structure it, it can provide different benefits, depending on what your goals are. Typically you can split it up into different things. One is Tax-Free Income. Another is Legacy Plan(death benefit) and another is Long-Term Care Benefit…. Read more »
If we are looking at pulling money out of the IRA’s where do we want to put it? Typically we have 2 main options, we look at doing Roth Conversions or we might do Cash Value Life Insurance, depending on what your goals are. Another option is a plain Investment account. Roth, if you want… Read more »
The Estate Tax is tied to the Gift Tax. It’s Unified Credit. Understanding that the Estate Tax exemption is going away, the IRS has said that if we gift a portion now, and the Estate Tax exemption drops, this money that we’ve gifted will not factor into this lower Estate Tax. So we have this… Read more »
Both IRA and 401K are what’s called Qualified Accounts. Qualified Accounts have no Medicaid/Long-term Care protection. If you were to need Nursing Home Care, anything inside your IRA or 401k would have to be spend down, whether it’s in your name or in your spouse’s name. They are both countable assets, meaning they count towards… Read more »
Beginner’s Guide to Investment In this insightful video, we delve into essential investment advice specifically tailored for beginners. Join us as we explore the fundamentals of taxable, tax-deferred, and tax-free accounts, providing valuable insights to help you make informed decisions about your investments. Whether you’re new to investing or looking to expand your financial knowledge,… Read more »
In this informative video, we delve into a critical question: Are IRA and Roth accounts protected from creditors? Join us as we explore the intricacies of creditor protection surrounding Individual Retirement Accounts (IRAs) and Roth IRAs. Whether you’re planning for retirement or seeking to safeguard your assets, this video provides valuable insights into the protections… Read more »
Should your children have disability documents when they turn 18? In this insightful video, we delve into the question many parents ponder: Should your kids have disability documents at the age of majority? Join us as we explore the importance of preparing disability documents for young adults as they transition into adulthood. As parents, it’s… Read more »
Will my Estate Plan remain valid If I move out of state? Are you relocating to another state and concerned about the validity of your Estate Plan? Explore the portability of estate plans in this episode of Berry’s Bites. About Castle Wealth Group Create your estate plan with the multiple benefits of life insurances with… Read more »
Does Probate Vary In Each State? Is Probate Necessary Without Disputes? Explore the nuances of probate across different states in this informative video. Learn about the variations in probate procedures and discover whether probate is essential even in the absence of disputes. Gain valuable insights to navigate the complexities of probate laws and make informed… Read more »
