Estate Planning- Trusts

Key Considerations for Smooth Wealth Transfer Planning

Key Considerations for Smooth Wealth Transfer Planning. Components of a robust estate plan include a will, trusts, a power of attorney, and healthcare directives. A will specifies how your assets should be distributed upon your death. Trusts, which hold and manage assets on behalf of beneficiaries, can be tailored to meet specific needs, such as reducing estate taxes or providing for minor children. A power of attorney grants someone the authority to make financial and legal decisions on your behalf if you become incapacitated, while healthcare directives outline your medical treatment preferences.

How to Invest Safely (and Profitably)

By Tim McMahon | October 2, 2009

Divide your liquid assets into three categories: emergency funds, investable funds, and speculative funds.
Your emergency fund should be held in cash or cash-like investments… your emergency money should cover your expenses.
Your investable assets are those you shouldn’t need to touch for at least three to five years.

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Mortgages

By Tim McMahon | September 20, 2008

The big news for the last year has been refinancing existing mortgages. If this is something that you are considering, it is not too late to “jump on the bandwagon”. There has been no better time in the last forty years to buy a home or refinance an existing one! Interest rates haven’t been this […]

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Improve Your “Save-ability”

By Tim McMahon | June 19, 2007

Boost your savings relatively painlessly… believe it or not, if you sit down and really put your mind to it, you can come up with dozens of ways to give your savings a boost. Here are a few ideas to get you going.

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Is Saving Money in the Genes?

By Tim McMahon | May 17, 2007

Family values and traditions mold the way you think about money. Chances are if you came from a family where saving was important, you will think saving is important. But if your family spent every penny they had…

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What the Rich Know about Wealth

By Tim McMahon | December 30, 2006

Ask a wealthy person how much he is worth and typically he will have a much better idea of his net worth than the average middle class person. Why is that? Especially since it is much more difficult for a wealthy person to track… The average middle class person is so focused on their income and expenses that they forget the big picture.

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Beat Inflation: Save 5% on Gas, Food and Drugs

By Tim McMahon | December 30, 2006

Get 5% back on your purchases of gas, food and prescriptions.

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A Dozen Tips on “How to Save Big on Gas!”

By Tim McMahon | December 30, 2006

The easiest way to save money on gas is to use less of it… so here are a dozen common sense ideas to help you use less gas.

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The Secret to Visiting Exotic Locations Every Year… Free!

By Tim McMahon | December 3, 2006

What if you could travel free? Would that take a bit of the sting out of the recession? Here’s a way to get a free trip every year… who says “there ain’t no free lunch”?

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Miracle on My Street

By Tim McMahon | December 14, 2002

By AMY YOUNG Buying a home for the first time, or any time, can be an exciting adventure, as well as a scary one. On the other hand, there’s also the pleasure of participating in the American dream of owning your own home. No more having to be quiet because other tenants might complain. No […]

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