Beneficiary Designation Series: Role of Will or Trust
If you’ve read this far in our series, you may be thinking, “wait a minute, couldn’t I just rely on my will or trust to deal with my retirement plans?” This would be a grave error. Remember that the beneficiary designation of a retirement plan will determine the...Beneficiary Designation Series: The Wrong Beneficiaries
Sometimes, naming a beneficiary can result in disaster. For instance, naming an “estate” as beneficiary may result in probate proceedings in California when the plan and other probate assets exceed $150,000 in value. In...Beneficiary Designation Series: Trusts
Individuals should use extreme caution when naming a trust as beneficiary of a retirement plan. Most revocable living trusts—whether provided by attorneys or do-it-yourself kits—do not include adequate provisions...Beneficiary Designation Series: Naming a Charity
Many people wish to benefit charities at death. The reasons for benefiting a charity are numerous, and include: a general desire to benefit the charity; a desire to minimize taxes; or the absence of other family relations...Beneficiary Designation Series: Old vs. Young Beneficiaries for your IRA?
Usually, people do not consider age as a factor when choosing their retirement plan beneficiaries. However, the age of a the beneficiary will likely have a dramatic impact on the amount of wealth ultimately received,...
John C. Martin
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Recent Posts
- John Martin Speaks on Advanced Estate Planning
- Estate Planning with Real Estate after Proposition 19
- John Martin recently quoted in Charles Wallace’s article on Digital Wills and the importance of managing passwords
- KGO Radio Interview with John Martin
- Through Menlo Park Kiwanis, John Martin Helps Award $50,000 in College Scholarships
- Federal Tax Reform is Coming. Are you Ready?
- California Asset Protection Laws are Changing. Is Your Current Trust Adequate?
- Tune in on 7/19 at 7pm for a Live Radio Discussion on the Prevention of Financial Elder Abuse
- John C. Martin Featured on ABC7 News with Michael Finney
- John Martin Helps Give Away $55,000 in Scholarships to M-A Students through Menlo Park Kiwanis