We Must update all Transmutation Agreements for updated assets and portfolios. If you have signed a Transmutation Agreement, send us a schedule of your current assets. If you have not updated your Trust for DEFRA and have catastrophic illness concerns, we must do so. Give a copy of this Newsletter to friends and neighbors to…
Beware of unscrupulous annuity salesmen who pose as “Living Trust Consultants” who use the Trust as a hook to sell you annuities or other financial products. Once DEFRA is in place, I anticipate a plethora of notices regarding annuities to shelter assets and that scams will abound in this area once this law is implemented….
IRA Alert If you have an IRA with Vanguard be aware that it is changing their beneficiary designation policy in September 2008. It could cause unintentional beneficiaries receiving IRA funds on your death if you have different beneficiaries listed on various IRAs.
If you are advised to have an MRI or MRA by your doctor, you must determine if gadolinium will be utilized. Gadolinium is injected into the bloodstream to enhance the images. If you have kidney problems, gadolinium can cause nephrogenic systemic fibrosis (NSF). NSF is a debilitating, potentially fatal disease for which there is no…