We’ve said before that estate planning is not just for those with great wealth. it is for anyone who will leave loved ones behind and who has an interest in having a say in how the resources they leave behind are used. Estate planning is more than just numbers. It sets guidelines for care of dependents and distribution of assets.
While a Fee-Only financial planner can help you figure out how to reach financial goals that include leaving resources to help care for yourself and others, it helps if you know your personal stance on a number of issues. Some …Read More
In this day and age with bankruptcies on the rise, quite often this question comes up: are my retirement plan assets protected from a creditor? And of course, there are two ways you can take this – are the assets protected from a creditor of my employer; and are the assets protected from my personal creditors?Employer Creditors
Your vested qualified retirement plans (401(k), 403(b), etc.) are always protected from creditors, in the event that your company should declare bankruptcy. Vested retirement plans are your property (*upon distribution), not the property of the employer. The same is true for vested …Read More