Inside Information           

   A free e-zine from CTL Financial, LLC                  

Issue: #007July 2010
 

Chris Locher,CFP
me
 
'Committed to your personal financial freedom and the financial security of your family.'
 

With CTL Financial you receive an independent solution that integrates tax preparation/planning, investment management, and lifestyle and family protection to simplify your financial life.

 Imagine what you could do with financial freedom? 

Protect your Family and Estate

Do you know what happens to your Estate when you Die?

A will, a durable power of attorney and a health care directive are the 3family documents, at a minimum, everyone should have to protect their family and estate. Without a will your estate will go through probate and the court will decide how your estate is distributed and who will become the guardian of your minor children. Find out exactly what probate is and why you want to avoid it. A durable power of attorney will allow you to designate who will make decisions on your behalf if you become incapacitated.  A health care directive, spells out the kinds of life-sustaining treatment you will permit in the event of your incapacity, remember the circus surrounding Terri Schivao? A properly drafted health care directive could have avoided a lot of pain and suffering by her family.Learn more about protecting your family and making sure your wishes are carried out here.

Know the consequences of not knowing your beneficiaries

Named beneficiaries trump your Will

Your 401k, IRA's and life insurance policies pass to the named beneficiariescards regardless of your what your will states.  Have you reviewed your beneficiaries since you filled out the paperwork for your 401k, IRA or applied for life insurance?  You do not want to depend on the default beneficiary in your 401k and IRA, which can vary by plan. Also, your spouse may not be the best option as your IRA beneficiary. There are new rules for some IRA beneficiaries that allow them to 'stretch' the distributions and may maximize the benefits of your savings. Click here to learn more about the financial security a 'stretch IRA' may provide your family.  Understand the consequences of relying on the 'default beneficiary.'

 

Can Celebrities teach us about the importance of Estate Planning?

Celebrities have it all...except proper Estate Planning

 

hollywoodCheck out these stories of Celebrity Estate Planning gone wrong.

 

Should you leave a Final Letter for your loved ones?

Not all your final wishes are captured in a Will

 

The letter is not a legal document but it can make a tough time on your family easier by instructing them on the location of important documents and contact information of your Financial Professionals and Attorney. Here are a few tips on what you may want to include in your letter and what wishes aren't captured in your Will.

 
Securities & Investment Advisory Services offered through H. Beck Inc Member FINRA, SIPC 11140 Rockville Pike 4th Floor Rockville, MD 20852 301-468-0100. H.Beck and CTL Financial, LLC are not affiliated.
 
 
In This Issue
Do you want to Protect your Family and Estate?
Know the consequences of not knowing your beneficiaries
Celebrity Estate Planning gone wrong
Should you leave a letter for your loved ones?
 
 
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Chris Locher, CFP
Owner of CTL Financial