Brought to you compliments of Caroline Girgis, JD, and Dwayne Grady, MBA, ChFC®
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November 2009
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Saturday, February 4, 2012
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What Happens When You Die Without A Will
by Helen M. Whelan, JD, CPA
There are two things you can count on death and taxes! Both of these issues can be addressed in a Will.
What happens if I have a minor or disabled child?
Assuming the other parent is deceased; your minor child will receive your entire estate. But, who will raise and care for your child? If you have a Will then you can appoint a legal guardian to care for your minor child. You can determine who will act as trustee in order to handle distribution of your estate to your child, including the support of a disabled or special needs child. If you do not have a Will, these decisions will be made according to the law of the state of your domicile and will require a formal proceeding for the appointment. You forego the ability to make any particular bequests or disproportionate distributions.
[FULL STORY]
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Quarterly Market Update - Third Quarter 2009
In an effort to keep you updated on the current market conditions and the fundamental outlook our firm is taking, we have included our quarterly market outlook in a link provided below.
[FULL STORY]
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Grow Your 401(k) Plan
Your 401(k) plan's ultimate size is primarily
a function of two factors - how much you contribute and how much
you earn on those contributions. Of course, you know you should
contribute the maximum amount possible ($16,500 in 2009 plus a
$5,500 catch-up contribution for individuals age 50 or older, if permitted
by the plan). But what steps should you take to maximize your
returns? Consider these tips.
[FULL ARTICLE]
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Assess Your Life Insurance Needs
Life insurance is meant to protect your
family in case you die. We all hope to live to a ripe old age,
to see our grandchildren marry and have children of their own,
and to share old age with our spouse. But life insurance is about
preparing for the unexpected. If you have dependents who rely
on your income, life insurance will probably be needed to provide
for them after your death.
[FULL ARTICLE]
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Review Your Homeowners Insurance
Often, homeowners insurance is purchased
with the home and then is not thought about again until a claim
is made. But since there is little you can do at that point about
your coverage, take time periodically to review your policy. Some
items to consider include...
[FULL ARTICLE]
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Unemployment in the Current Recession
With unemployment rates higher than they've
been in decades, many are trying to determine how quickly unemployment
numbers will come down once the recession is over. While the overall
unemployment rate is the most commonly cited statistic, researchers
focus on two components of that rate - the inflow rate, or the
rate that workers are moving into unemployment, and the outflow
rate, or the rate that workers are moving out of unemployment.
[FULL ARTICLE]
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Why You Need an IRA
In some ways, a 401(k) plan or defined-benefit
plan from an employer can provide a false sense of security. You
may feel, without analyzing the situation, that you're saving
enough for retirement. But the reality is that the plan may not
be enough to provide the retirement you had in mind. Thus, you
may also want to contribute to an individual retirement account
(IRA) for some or all of the following reasons
[FULL ARTICLE]
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Dwayne Grady, MBA, ChFC®, and Caroline Girgis, JD, through Cornerstone Wealth Strategies Group, are committed to providing the finest service and investment advice to their clients. Both Dwayne and Caroline specialize in serving the needs of high-net-worth individuals, successful professionals, business owners, and retirees.
Both Dwayne and Caroline hold advanced degrees and designations and are highly knowledgeable in the areas of tax-advantaged investing, retirement planning, financial planning, and professional money management.
Successful management of your finances today is the key to the lifestyle that you and your family will enjoy-or endure-tomorrow. They would be happy to assist you with any of your financial needs.
Feel free to contact us via e-mail at
info@cwsg1.com
or visit our Web site
www.cornerstone500.com
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Copyright © 2009 Integrated Concepts Group, Inc.. All rights reserved.
Some information provided in this newsletter was prepared by Integrated Concepts. This newsletter intends to offer factual and up-to-date information on the subjects discussed, but should not be regarded as a complete analysis of these subjects. Professional advisers should be consulted before implementing any options presented. No party assumes liability for any loss or damage resulting from errors or omissions or reliance on or use of this material.
This Newsletter is for informational purposes only and is not a solicitation or an offer to buy or sell any company. United Capital Financial Advisers, Inc. (UCFA) provides advice and makes recommendations based on the specific needs and circumstances of each client. For clients with managed accounts, UCFA has discretionary authority and makes investment decisions based on the specific needs and circumstances of each client. Investing involves risks and clients should carefully consider their own investment objectives and never rely on any single chart, graph or marketing piece to make decisions. UCFA does not offer tax advice. Please consult your tax advisor for more information about your individual situation.
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TELL A FRIEND
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