All it takes is 18 Months for your Retirement Plan to Disappear in Northern California On average, it takes 18 months for a beneficiary to spend the entire amount of an inherited retirement plan. That means that your spouse, child or loved one will spend the entire amount of your IRA or 401K within 18 months of inheriting it from you. It is not their fault; the tax code makes … [Read more...] about All it takes is 18 Months for your Retirement Plan to Disappear in Northern California
How much does a Trust Cost in Northern California? A living Trust will probably run you anywhere from 1K to 5K depending on the complexity of your Estate. For the average person in Sonoma County that owns their home, has a modest bank account and retirement plan the cost would be $2000.00. At our office, we rarely sell a standalone Living Trust. For $2000.00 you would … [Read more...] about How much does a Trust Cost in Northern California?
Special Planning What is a Special Needs Trust? A special needs trust is a contract that sets aside assets for someone who has mental and physical disabilities. The contract is in the form of trust and it may be part of an existing Trust or it may be a standalone special needs trust. Special needs trust main purpose is to set aside funds for the continued care of a person … [Read more...] about What is a Special Needs Trust?