In Part One we ended talking about Revocable Family Trusts and what they are. Continuing that conversation, the next step is... Asset Protection for Trust Beneficiaries A revocable trust provides no asset protection for the trust maker during his or her life. Upon the death of the trust maker, however, or upon the death of …
Tag: Alachua County
Capital Market Insights – September 6, 2011
Here is your Weekly Insights update from Curian’s Asset Management Group. This informative capital market update is designed to help you stay informed about important developments in economics, the markets, and … CONTINUE
You and the IRS
Interesting article by Bonnie Lee, an Enrolled Agent who practices on California. She speaks about things you do that might trigger an IRS audit of your tax return. Here are several points she makes: Today many audit requests are being handled over the phone: The IRS agent will call to schedule an appointment and then …
Trusts and What They Are – Part One
Many thanks to Richard M. White, a friend and colleague who is an expert on Wills and Trusts. He is an expert estate planning attorney with an office in Haile Plantation here is Gainesville. He has given me material over the years from which I have drawn conclusions that will be helpful to the general …
SEC Charges Florida Pair in Ponzi Scheme
From AdvisorOne.com The Securities and Exchange Commission announced Monday that it has charged two Florida men for running a Ponzi scheme that robbed more than 100 investors of $22 million. The scheme, which purported to be a private equity fund and was marketed under the names “Managed Capital Fund,” “Safe Harbor Private Equity Fund” and …
Be Careful What You Put Into Your IRA
Individual retirement accounts (IRAs) exist in many forms. In general, if you have income from working for yourself or someone else, you may set up and contribute to an IRA. Most of the more than $3.4 trillion held in IRA accounts are held by the major brokerage firms and invested in stocks, bonds and mutual …
How Safe Are We?
What Almost $8 Trillion in National Security Spending Bought Us By Chris Hellman The killing of Osama Bin Laden did not put cuts in national security spending on the table, but the debt-ceiling debate finally did. And mild as those projected cuts might have been, last week newly minted Secretary of Defense Leon Panetta was …
The Race to the Bottom
The idea behind this post came from Bob Veres whose thoughts and writings appear from time to time in the magazines and journals that I follow regularly. This has been an up-and-down summer and there are lots of thoughts to share. 1. Emotions rule asset prices and any effort to invest rationally is doomed from …
The Risk of Loss
It is a given that when someone invests money there is a potential for loss. How much loss and when is an absolute unknown. The only protection against such a potential loss is a contractual guarantee, and even then it may not be. (See the recent debt crisis in Washington) What is possible, however, is …
One Final Bailout That Still Might Happen
Rick Newman, On Friday August 26, 2011, 3:28 pm EDT There's one big group of Americans who still haven't received much of a bailout from Washington--homeowners. Now, there's a growing chance the Obama administration may finally do something to help the little guy directly. Up till now, bailout theory has hinged on helping banks, corporations, …
Helping Define Your Financial Future 