Lena S Barnett's Guides

Lena’s Six-Step Estate Plan Action Plan:

Now that you understandthe wisdom and benefits of estate planing, what do you do now?Follow Lena's Six Step Estate Plan Action Plan to establish and maintain your plan. 1. Write down your objectives. Whom do you want to receive your assets after you die - and when? Who shall man...

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SIX IMPORTANT ESTATE PLANNING POINTS

Planning Point Number One: Title: You Can't Plan What You Don't Own Estate planning begins with knowing how property is titled. Most clients are shocked to find that they have lost control of most of what they thought they owned. A common example of this is jointly held property...

How Should You Select Your Estate Attorney?

The selection of your estate attorney is a critical one. Remember that your attorney will be dealing with the most important aspects of personal and financial lives. Estate planning is the follow through to everything that you do. Your estate attorney will help you design and im...

Roth Conversions: What You Need To Know Beyond the Numbers!

Overview: Roth IRAs have been popular since their inception in 1997. All withdrawals are tax free five years after the first contribution or conversion, if the account owner is 59 1/2 or older, has died or become disabled, or uses the distribution for "qualified first-time homebu...

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Going to the Dogs: New Opportunities in Estate Planning for Pets

In 2009 we witnessed the arrival of "TFDOTUS," The First Dog of the United States, Bo Obama. Bow Wow! More importantly for our purposes, on April 14, 2009, Governor O'Malley signed into law HB 149 which allows statutory pet trusts in Maryland. (The District of Columbia and Virgin...

Powerful Opportunities to Plan With Retirement Plan Trusts

The primary benefit of an IRA is its internal tax-deferred growth. The longer you stretchout this tax-free growth, the greater the benefit. Required minimum distributions (RMDs) from IRAs start the year after the taxpayer attains age 70 and are based on the taxpayers life expecta...

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