Blog Posts in February, 2016
Posted on Feb 29, 2016 By The Presser Law Firm, P.A.
In this day and age, Digital Estate Planning is crucial. Digital Estate Planning is the process of inventorying and providing your estate access to your online accounts at your death. Everyone has at ...
Continue reading "What is a Digital Estate Plan and why is it important?" »
Posted on Feb 22, 2016 By The Presser Law Firm, P.A.
The greatest danger is taxes – not creditors. Few people realize that they can lose upwards of 80 percent of their retirement accounts to a series of federal and state taxes that can be imposed ...
Continue reading "What do you see as the greatest danger to retirement accounts?" »
Posted on Feb 15, 2016 By The Presser Law Firm, P.A.
Our own firm generally prefers the international LLC strategy. This protects the IRA from any creditor. We also recommend that the international LLC invest the IRA proceeds with a creditor protected ...
Continue reading "Of the various protective strategies that you mentioned for non-ERISA retirement accounts, which do you most generally use?" »
Posted on Feb 8, 2016 By The Presser Law Firm, P.A.
You cannot normally encumber ERISA-qualified plans because of the spendthrift provisions, but then again there would be no need to protect ERISA-qualified plans. It is different with non-ERISA plans. ...
Continue reading "You mentioned encumbering or equity-stripping other assets as a protective strategy. Can you also encumber retirement accounts?" »
Posted on Feb 1, 2016 By The Presser Law Firm, P.A.
A 412(i) or employer sponsored, tax qualified plan, is either a defined contribution or defined benefit plan. 412(i) plans are funded with life insurance and annuity contracts. There’s no limit ...
Continue reading "Are 412(i) plans also creditor protected?" »