Tuesday with Tom

While Tom is out of town, please enjoy this archived episode in which Tom asks: Are you considering making a new investment? Before you do, ask yourself these 8 questions to help you determine if the investment is right for you.

Enjoy this archived episode in which Tom discusses why your living trust, and not your spouse or children, should be the beneficiary of your life insurance policy

Thinking about giving away your assets in order to qualify for Medicaid? Tom explains the problem the 5 year Medicaid Look Back rule can create for you.

In today’s episode, Tom discusses the importance of knowing what is in that 3 ring binder containing your estate plan documents.

Do you think that you don’t need a Will because you have a Living Trust? Tom explains why you are wrong.

Tom discusses what you should do with your estate plan before summer is here so sitting on the beach or around the pool, spending time at the cottage, or playing a round of golf, will be much more relaxing.

Did you know that if your Will says to divide your estate between all 5 children, but your bank account names one child as a joint owner or beneficiary, the bank account will not be equally divided between all 5 children? Tom explains why you need to understand what your Will does and does not control, in order to be sure that your wishes will be met.

Millions of people 65 or older will soon get new Medicare cards to prevent identity theft…and the scammers are out to get you before your card arrives.

In today’s episode Tom discusses a little know tax strategy where rolling money from a traditional IRA into an HSA turns tax-deferred dollars into tax-free withdrawals for medical benefits

In this archived episode Tom discusses how you might be able to use money that you have saved in an IRA to purchase a new home, without incurring the 10% early withdrawal penalty.

In this archived episode, Tom talks about what you should consider if you are thinking about naming multiple children as trustees, personal representatives, or agents under powers of attorney.

Enjoy this archived episode when Tom talks about when various estate planning documents (i.e. Will, Trust, Power of Attorney, HealthCare Power of Attorney) become effective, and when the fiduciaries (i.e. Personal Representative, Trustee, Attorney in Fact, Patient Advocate) can begin operating under the document.

Want to know if your Trust should be the beneficiary of your life insurance policies? Listen to today's episode to find out.

Over the 6 episodes that began January 23 I have been discussing how to avoid the six most common estate planning mistakes. In Today’s episode I talk about mistake #6 - thinking that my estate planning can wait.

Over the 6 episodes beginning January 23 I am discussing how to avoid the six most common estate planning mistakes. In today's episode, I talk about the importance of using a Durable Power of Attorney and a Health Care Power of Attorney to plan for incapacity.

Over the 6 episodes beginning January 23 I am discussing how to avoid the six most common estate planning mistakes. In today's episode, I talk about how failing to fund your living trust can cause your estate to have to go through probate.

Over the 6 episodes beginning January 23 Tom discusses how to avoid the six most common estate planning mistakes. In this episode Tom discusses why a Will does not avoid probate.

In this 2nd episode of Tom's 6-part series "How to Avoid the Six Most Common Estate Planning Mistakes", Tom discusses the problem of having parts without a plan.

Over the next 6 episodes Tom discusses how to avoid the six most common estate planning mistakes. In each episode Tom will cover 1 of the mistakes, beginning today with the mistake that is made by 80% of people.

Tom discusses the six most common mistakes that people make when administrating or settling an estate, and provides tips on how to avoid them.

Tom discusses how under the Tax Cuts and Jobs Act just signed by President Trump, some things change, and some things remain the same, relative to estate and gift taxes. Including how much you can give someone gift tax free during 2018.

Tom discusses what Santa needs to know about taxes due on the gifts he leaves under your Christmas tree.

Tom explains why using a 529 Plan can be a great way to pay for the costs of college education for children or grandchildren.

In today’s episode, Tom tells you how to check your Social Security Earnings record to be sure that you will receive the full retirement benefit that you are entitled to.

Tom discusses the importance of digital estate planning, and how to arrange for your executor to access all of your online accounts and information.