Vanessa Terzian E: vterzian@lagerlof.com PH: 818-864-6174 | Edward Terzian E: consultation@inheritancerecovery.com PH: 818-579-2358
Tips to Help You Reboot Your Retirement Plan Planning for a long and prosperous retirement is no longer just about the money; because of the recession, boomers are needing to reboot their retirement plans. Here are six tips to get you on the right track again: 1. Get healthy. This should take priority even over…
DetailsMedi-Cal Planning There are two types of Medi-Cal Planning: Crisis Planning and Pre-Crisis Planning. It’s a good idea to plan before a crisis hits, but it’s never too late! Crisis Planning Crisis Planning deals with an individual who has either been admitted to a nursing home or is about to be placed in a nursing…
DetailsThe Fiscal Cliff Tax Deal: For Most of Us, It’s a Wash The American Taxpayer Relief Act of 2012 that Congress passed on New Year’s Day extended the Bush era tax cuts, but the benefits of those cuts for most American taxpayers will be offset by a 2% increase in payroll tax. According to the…
DetailsWhat is the Difference Between a Will-based plan and a Trust-based plan? In this article I will explain the difference between a Will-based plan and a Trust-based plan so you can make an educated decision for your family about what is best for you and, ultimately, for them. A Will-based plan is an estate plan…
DetailsWhat a Will Won’t Do There are a number of essential things a last will and testament can do for you, such as distribute family heirlooms and name a guardian for minor children, but there are some equally important things a will won’t do: Diminish estate taxes – a will won’t help you decrease your…
Details5 Things We Should Learn From Our Parents About Retirement When we talk about retirement, most of us are still thinking about our parents’ retirement and how they did – or did not – plan properly for it. It’s no big stretch to think that our retirement will differ significantly from that of our parents,…
DetailsHow to Pass On Family Heirlooms Without Causing a Family Feud The holidays are traditionally the time for family gatherings, where generations come together and perform holiday rituals that have been passed down through the years. Part of those rituals includes material possessions – a well-worn set of silver at the holiday table, grandmother’s china…
DetailsChanges in Retirement Benefits for 2013 There are several important changes to retirement benefits coming in 2013, including: Increased limits on IRA and 401(k) contributions. You will be able to contribute another $500 in 2013 to your 401(k) or 403(b) plans when limits increase to $17,500 from $17,000 this year. The IRA contribution limit also…
DetailsHow to Talk to a Loved One About Estate Planning Estate planning rarely comes up in the course of regular conversation and if it does, it is usually involves what has happened to a celebrity’s fortune after his or her death. The distance is safe, so the conversation can take place. But what if you…
DetailsHolidays a Perfect Opportunity to Check Up on Aging Parents The holidays are a traditional time for multiple generations to gather together, and are also a perfect opportunity for adult children to perform a reality check on how their aging parents are doing health-wise as well as assess financial and medical planning issues. The American…
Details