A “conservator” is a person appointed by a probate court to manage the assets or affairs of another (the “protected individual”) who, by reason of physical or mental disability, is incapable of controlling or managing their assets or affairs on their own. The conservator acts as a “fiduciary,” meaning that the conservator must manage the […]
https://www.thomasdelpup.com/wp-content/uploads/2017/04/photodune-12284178-disabled-man-in-nursing-home-sm.jpg7201080Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2017-09-13 10:12:282018-11-01 20:57:17What “Cause” is “Good Cause” to Remove a Conservator?
It’s time to get back to school for you or a family member. You may be looking for a way to pay a tuition bill and other school expenses and considering taking money out of your IRA to do so. Ordinarily you have to be over age 59½ to take a penalty free, but taxable, […]
https://www.thomasdelpup.com/wp-content/uploads/2014/11/photodune-7029553-ira-word-cloud-concept-angled-s.jpg775775Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2017-08-29 16:48:112017-08-29 19:53:20Want to Dip Into Your IRA to Pay College Education Expenses? Read This First!
Do you have a child getting ready to head off to college? Whether your child goes away to school or commutes from home, don’t let them start the school year without leaving behind these three documents: Medical Power of Attorney. If your child is over the age of 18, you no longer have the right to […]
https://www.thomasdelpup.com/wp-content/uploads/2015/08/photodune-675826-college-students-studying-together-s.jpg632948Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2017-08-22 14:49:272018-11-01 20:57:17Three Things Your College Bound Child Needs to Leave Behind
So, you are newly retired and thinking about what to do with your employer sponsored 401(k) account. The stock market has gone up quite a bit recently and you’re pleased with the value of your 401(k) (or other employer sponsored account) – especially the value of the company stock in your account. You may be […]
https://www.thomasdelpup.com/wp-content/uploads/2014/11/photodune-7029553-ira-word-cloud-concept-angled-s.jpg775775Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2017-08-16 15:44:472018-11-01 20:57:17Transferring Company Stock From a 401(k) to an IRA? Don’t Forget The NUA!
Ed owned a bank account at First State Bank. Two months before he died, he went to the bank and named one of his five children, daughter Ann, as a joint owner of the account. He specifically selected an account with rights of survivorship, which, under Michigan law, meant that the balance of funds in […]
What “Cause” is “Good Cause” to Remove a Conservator?
/in Asset Protection, Disability, Guardians & Conservators, ProbateA “conservator” is a person appointed by a probate court to manage the assets or affairs of another (the “protected individual”) who, by reason of physical or mental disability, is incapable of controlling or managing their assets or affairs on their own. The conservator acts as a “fiduciary,” meaning that the conservator must manage the […]
Want to Dip Into Your IRA to Pay College Education Expenses? Read This First!
/in Financial Planning, IRAs, Tax Planning, TaxesIt’s time to get back to school for you or a family member. You may be looking for a way to pay a tuition bill and other school expenses and considering taking money out of your IRA to do so. Ordinarily you have to be over age 59½ to take a penalty free, but taxable, […]
Three Things Your College Bound Child Needs to Leave Behind
/in Asset Protection, Estate Planning, Financial Planning, HIPAA, Power of Attorney, UncategorizedDo you have a child getting ready to head off to college? Whether your child goes away to school or commutes from home, don’t let them start the school year without leaving behind these three documents: Medical Power of Attorney. If your child is over the age of 18, you no longer have the right to […]
Transferring Company Stock From a 401(k) to an IRA? Don’t Forget The NUA!
/in Financial Planning, Retirement Planning, Tax Planning, Taxes, UncategorizedSo, you are newly retired and thinking about what to do with your employer sponsored 401(k) account. The stock market has gone up quite a bit recently and you’re pleased with the value of your 401(k) (or other employer sponsored account) – especially the value of the company stock in your account. You may be […]
The Pitfalls of Do-It-Yourself Planning
/in Asset Protection, Estate Planning, Financial Planning, Power of Attorney, Probate, Wills & TrustsEd owned a bank account at First State Bank. Two months before he died, he went to the bank and named one of his five children, daughter Ann, as a joint owner of the account. He specifically selected an account with rights of survivorship, which, under Michigan law, meant that the balance of funds in […]