by pdoyle | Mar 14, 2022 | Retirement Planning
A Roth IRA does not have to be used as just a retirement plan; it can also be a way to transfer assets tax-free to the next generation. Roth vs. Traditional IRA Unlike a traditional IRA, contributions to a Roth IRA are taxed, which means that the distributions are...
by Michael Baker | Feb 22, 2021 | Asset Protection, Trusts
The estate planning process allows you to take control over what will happen to your assets after you die, including high-value assets like your home and investments. You might find, however, that simply using a last will and testament is not going to be enough to...
by Michael Baker | Oct 28, 2020 | Estate Planning
A Durable Power of Attorney is a legal document that allows you to choose an agent (or “attorney-in-fact”) who can act for you in certain financial matters. It is an important tool to add to your estate plan, regardless of your wealth and financial status. As with any...
by Michael Baker | Jun 25, 2020 | Estate Planning, Living Trust
Conservatorship is a legal process where the Probate and Family Court grants authority to an individual to oversee the financial affairs of another. For example, this could benefit an elderly parent suffering from dementia, a minor, or a person who is mentally...
by Michael Baker | May 28, 2020 | Estate Planning, Healthcare Proxy, Trusts
The COVID-19 pandemic understandably has people reviewing their estate plans – or in some cases, finally getting down to starting the estate planning process. It has become even more important for people planning their estate to do so in a way that will avoid...