Categories
Long-Term Care Planning

Right and Wrong Things to Do When You INHERIT Money [Video]

California Estate Planning Attorney explains how one wrong decision could cost you your entire inheritance! 👉 Book a Call at https://cunninghamlegal.com/book-your… to structure your inheritance so it works for you in retirement!There are right ways to inherit. And there are some very wrong ways to inherit. Have you come into $500K? $1M? $2M? In this critical moment, one wrong decision could cost you a pretty penny. Learn the common mistakes made by even the most responsible of heirs, along with the correct strategies. Learn how to structure your money so it works overtime for you in and for retirement. For example, if you do this right, you can use your inheritance to create your own version of a monthly pension for life!👉 Book a Call at https://cunninghamlegal.com/book-your…for California Living Trusts, Estate Planning, and Trust Administration.SUBSCRIBE to California Estate Planning YouTube Channel https://www.youtube.com/channel/UCpdM… CONTACT us at https://cunninghamlegal.com/californi… to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California. WEBSITE: https://www.CunninghamLegal.com for California Estate Planning information FREE LEGAL WEBINARS: https://www.CunninghamLegal.com/webinars includes Q&As with expert attorneys! PHONE: 1-866-988-3956 for a consultation on a California Living Trust!© 2021 CunninghamLegal #cunninghamlegal #estateplanning #inhertiance

Categories
Long-Term Care Planning

A Method To Help Families Minimize Taxes on IRAs [Video]

Get started creating your estate plan with MyAdvocate.com by clicking the link below! Documents valid in all 50 states. https://www.myadvocate.com/join/paul–0:00 How To Minimize Taxes on Traditional IRAs0:20 Each Family Is Unique0:48 It Is OK To Reduce Your Taxes Legally1:21 How Much Income Tax on Traditional IRA1:40 Why People Have Large IRAs2:14 The Likely IRA Scenario5:24 The Qualified Disclaimer Scenario10:02 Summary of the Two IRA Strategies12:31 You Have Three Options12:47 Name Spouse as Primary and Children as Contingent Beneficiaries14:31 Designate Children as Primary Beneficiaries15:06 Designate Conduit Trusts as Beneficiaries15:38 Why Few Will Take Advantage of This17:06 What Will Happen If You Avoid This Video17:44 What To Tell Your Family About Your IRA18:30 Share This Video With Other IRA OwnersThis video explains what you may not realize about IRA beneficiary designations and Inherited IRAs that could cause your family to send significantly more money to the IRS than they really need. So what I’ve learned from 30 years of estate planning is that every family is unique and each family, each couple, and each individual needs to make their own decisions that are in their best interest and in the best interests of their loved ones. And hopefully this video will enable you to make better-informed decisions so that you can keep and protect more of what you have for yourself and your family, while sending less to the almighty federal government. After all, our own United States Supreme Court stated in the 1935 case of Gregory v. Helvering, stated that the right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. And to quote Judge Learned Hand, we may “arrange our affairs so that our taxes shall be as low as possible; we are not bound to choose that pattern which best pays the treasury. We do not even have a patriotic duty to raise our taxes.”So this video has to do with how much income tax families will pay on an IRA owner’s traditional IRA. We are not talking about the nontaxable Roth IRAs. We are discussing those not-yet-taxed traditional IRAs. Many people have large IRAs because they accumulate significant amounts in their company 401(k), and then retire and roll their 401(k) account balance over into a traditional IRA. In fact there are many people out there who, while they were working, they were frugal, they maxed out their contributions to their 401(k), some or all of those contributions were matched by the employer, and they retired with a healthy six figure IRA, seven figure IRA (which means $1 million or more), and in some cases eight figure IRA.For Louisiana residents only: For prospective law firm clients who want to schedule a free 30 minute initial phone call with an estate planning attorney at the Louisiana estate planning law firm of Rabalais Estate Planning, LLC, go to: https://go.oncehub.com/Paul8This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.Paul RabalaisEstate Planning Attorney

Categories
Long-Term Care Planning

EPIC Shorts: How much will long term care cost? [Video]

David talks about the importance of long term care planning and how much it might cost. #shortsWatch and Enjoy! ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅https://www.youtube.com/c/EPICFinancialStrategies/featured?sub_confirmation=1 🤝 GET FREE CONSULTATION HERE: 🤝https://www.uplife.com/robgillconsult… 💰GET OUR FREE FINANCIAL FREEDOM ROAD MAP💰http://go.epicfinancialstrategies.co/… 📈 DOWNLOAD YOUR FREE CASH FLOW ANALYSIS GUIDE 📈http://go.epicfinancialstrategies.com… GET ACCESS TO OUR GUARANTEED INCOME GUIDE http://go.epicfinancialstrategies.com… 📲 CONNECT WITH ROB AND EPIC FINANCIAL STRATEGIES=================Rob Gill – Instagram https://www.instagram.com/robgill_epic/Facebook https://www.facebook.com/robertgillepic/Twitter https://twitter.com/robgill_epicYouTube Channel https://www.youtube.com/channel/UC6PenH9iruDESIUP-dHYI6Q?app=desktopLinkedIn: https://www.linkedin.com/in/robertegill/TikTok: https://www.tiktok.com/@robgillofficialEPIC – Instagram https://www.instagram.com/epicfinancialstrategies/EPIC – Facebook https://www.facebook.com/epicfinancialstrategies/ “EPIC Financial Strategies” is a trade name referring to EPIC Insurance Services, LLC. All references to “EPIC” contained in this video pertain to EPIC Insurance Services, LLC. Robert Gill is not in the business of providing investment advice and specifically disclaims any liability, loss or risk incurred as a consequence, either directly or indirectly, through the use of any of the information contained in this video. Also, Robert Gill, in his appearance on various social media platforms, does NOT provide ANY legal, accounting, securities, investment or tax advice, and the opinions he shares are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Robert Gill does not endorse ANY specific investments, financial advisors or securities brokerage firms. Robert Gill is not a securities-licensed professional, financial planner or investment advisor.The views and opinions of any guests who may appear in the videos on this channel, regardless of whether they hold any securities, advisory or insurance license, are shared for informational and educational purposes only. Any chart, illustration or other demonstrative contained in this presentation or video is for educational purposes only and does not represent the actual performance of any specific product. And whether they originate with Robert Gill or any guest, the views and opinions of persons appearing in these videos should not be considered investment, financial, legal or tax advice. Before making any investment or other significant financial decision, viewers should consult with qualified and licensed professionals, who will assess the appropriateness of the decision in light of each individual’s specific goals, experiences and financial status.It is possible that certain material facts, including but not limited to legal conditions directly affecting the functions of products discussed herein, may have changed in the time since this video was filmed. Viewers should not assume that such conditions have remained the same in the ensuing period. #EPIC#WealthManagement#MoneyMindset

Categories
Long-Term Care Planning

What is an Estate Plan? & Why you need one – The Basics [Video]

[Nobody wants to think about dying, but we all need to]There are 2️⃣ types of people in this world – those who have an estate plan, and those that don’t. The former group will be able to rest easy knowing that everything is taken care of when the time comes, while the latter group may not be as lucky.😱 The future is uncertain. When a crisis occurs your family and friends will have to deal with a lot of questions and issues, many of which cannot be answered until it’s too late. Having a comprehensive estate plan will create a roadmap for them to follow and avoid any fights.💯 Having an estate plan is a smart and responsible thing to do, but it’s also often overlooked by people who are busy with other things.🎥 In this episode of Your Legacy Live I’ll make it easier than ever before for you to understand why and how to create your own comprehensive estate plan. ⭐️🗓 Mark your calendars and join in on the conversation.

Categories
Long-Term Care Planning

WEALTH MANAGEMENT ESSENTIALS – LTC (LONG-TERM CARE) [Video]

WEALTH MANAGEMENT ESSENTIALS – LTC (LONG-TERM CARE). LTC funding should be part of your asset protection and comprehensive retirement plan strategies. Many have misunderstandings of LTC funding strategies and which option may be best for them. Check out this short video I created for you to share my thoughts on LTC! Please contact me if you are interested in learning more about LTC funding options. Phone: 916-913-4748https://sierraridgewealth.com/our-team/ron-segon/