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.
The IRS has become more stringent on Trusts as beneficiaries of IRAs in allowing payouts over a beneficiary’s life expectancy. If there are multiple beneficiaries in the Trust, the Trust must be qualified as a “designated beneficiary” in order to allow distribution over the life expectancy of the oldest Trust beneficiary. Designating Living or Family…
Life changes. Times change. People change. Law changes. Because of these realistic facts, our documents must be updated. The child initially appointed as the Successor Trustee and Executor of the estate may now be unavailable for health reasons, family problems, financial issues, etc. It may be necessary to change the order of Successor Trustees. The…
If you are acting as an agent under a Healthcare Durable Power of Attorney (DPA) or Advanced Health Care Directive (AHCD), you should note the following ALERT. You could be a target as a Defendant in a lawsuit should you fail to notify the DMV of your principal’s inability to properly operate a vehicle due…
Natural Death (Part II) Previously, we discussed the issue of energy in the termination of life process. In this newsletter, I want to discuss the critical topics of nutrition and hydration. These issues are greatly misunderstood by much of the public based on the fact we aren’t aware of the ramifications of Natural Death. In a 60 Minute…
1) Uniform Durable Powers of Attorney (UDPA) Changes in California Law The following are recent legislative changes under the Uniform Statutory Durable Powers of Attorney (UDPA) for California. The following powers need to now be specifically included in the UDPA: 1) The powers of an agent to create, modify, or revoke a Trust; 2) The…
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…