Archive for March, 2012

by Josh Stelzer

As we exit the first quarter of 2012, there are a few items to consider in regards to your estate plan. Under the current tax law, the estate tax exemption is set to expire and drastically reduce from $5,120,000 in 2012, to $1,000,000 in 2013. The estate tax rate will also automatically rise from 35% to 55%. So the question is…what will be the outcome?

Prior to the 2008 election, Obama introduced a plan to set the federal estate tax at $3,500,000 with a 45% tax rate. This was sharply opposed by republicans who favored a plan which would set the exemption amount at $5,000,000 with a 15% tax rate. Ultimately the two sides reached an agreement (yes this actually happened), and the estate tax exemption was set at $5,000,000, with a 35% tax rate for 2010-2012.

So what will happen to the Estate Tax in 2013? There are a few scenarios that could play out depending on the action taken by congress:

Do nothing. The first option is for Congress to do nothing and allow the current tax law to expire as it is scheduled to do on December 31, 2012. If this happens, then a $1,000,000 estate tax exemption and 55% estate tax rate will be effective on January 1, 2013.

Extend Current Tax Law. The second option is for Congress to extend the current tax law for 2013 and beyond. This would increase the current $5,120,000 exemption by the indexed inflation amount for 2013, and the estate tax rate would remain at 35%.

Pass a compromise bill. The third option is for Congress to pass an estate tax compromise which could lower the estate tax exemption and increase the estate tax rate to something more in line with the 2009 numbers of $3,500,000 and 45%. This may also include a repeal of portability between spouses which is in effect for the 2011 and 2012 tax years.

Repeal the estate tax completely. The fourth option is for Congress to completely repeal the federal estate tax. This is a possibility, however it is fairly unlikely. To repeal a tax law that only affects the high net worth of America is not a very popular move these days.

Your guess is as good as mine when it comes to the changes throughout 2012. There is one thing for sure; estate planning attorneys will most likely have their hands full if a change does take effect.

There are ways to plan around the estate tax, and meeting with a competent estate attorney should be your first step. At the current levels, most Americans are not affected by the estate tax, due to their overall net worth. However, if the limit drops to $1,000,000 ($2 million total for married couples), this will quickly become a much needed area for review in the financial plans of millions of Americans.

 

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: Understanding Estate Tax Changes in 2013

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by CareyAnn Peterson

I recently received a phone call from a client asking about our refresher courses for the Snider Investment Method. She took the Snider Method with her husband years ago, but her husband ended up doing all of the trading and record-keeping.  He recently became ill and she will now have to take on the responsibility of taking care of their financial house.

Relationships and finances can be a tricky. Often times it is easier for one spouse to be the Family CFO and take sole responsibility of paying the bills, budgeting, and retirement planning.  However, one person taking charge could be a risky approach to take.

Does your spouse handle all of your finances?  Would you know how to pick up where they left off if an event occurred where they could no longer manage this responsibility?  Or maybe you are the one that manages the finances and your spouse takes this hands-off approach.  As financial advisors, we often encounter situations where someone loses their spouse and are left with no direction or knowledge of their financial picture.

According to the U.S. Census Bureau, the life expectancy of women is about five years longer than men.  The chance that a wife will outlive her husband is enough reason for both parties to get involved. Not knowing where to turn or how to take over could leave you vulnerable and at the mercy of financial advisors who may not always have your best interest at heart. (Check out our white paper, 10 Red Flags When Dealing with a Financial Advisor).

As a Snider Method alumni, your spouse can take the Snider Method at any time for $500.  Or if your spouse is an Alumni and just needs a refresher, they are always welcome to attend a refresher course for a $100 sitting fee or watch our Online Course for free if you are a current consulting client.  Although it may be easier for one person to handle the finances, I urge you to keep your spouse as involved as possible.  Our next upcoming live Snider Method course is Saturday, June 2nd.  We are also offering a new 3-day Snider Method course on May 8th, 9th and 10th. Click here to register.

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: Are you in charge?

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by Tom Doan

When a company declares a special cash dividend, optionsXpress sends emails to investors holding that particular stock saying “underlying option strikes have been reduced accordingly and all open equity and option orders have been cancelled.” These emails cause a fair amount of confusion.  I receive many phone calls asking about the situation and what they should do. In order to know what action to take, we must first understand what this message means.

A special cash dividend is different than a regular dividend. Unlike a regular dividend, a special cash dividend is non-recurring, meaning it is not provided on a regular schedule such as a quarterly basis. When a company pays a dividend, the stock price will fall by the same amount since the amount paid from the dividend no longer belongs to the company but rather the individual shareholders. Option premiums take into account regular dividends since investors know when to anticipate the dividend. However, since special cash dividends are non-recurring and unpredictable, option premiums cannot take them into account. As a result, when the special dividend is declared, the strike prices are adjusted downward by the dividend amount, hence “underlying option strikes have been reduced accordingly.”

Also upon the payment of a special dividend is “all open equity and option orders have been cancelled.” Since the stock price and strike prices have been reduced, all open orders are cancelled. Many clients confuse this with open options, thinking that the open options they sold last month are no longer valid. This is not true because those orders have already been executed and are no longer open, only the strike prices have been adjusted.

In the Snider Method, whenever one of your positions distributes a special cash dividend and you receive the email, what you have to do is: nothing. The dividend does not affect your position, it only adjusts the strike price. Just make sure that if shares are called away, use the adjusted strike price to calculate the profit rather than the original strike price.

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: Dividends and Why Option Contracts are Adjusted?

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by Tom Doan

In the Information Age, nearly everyone has access to boundless amounts of information at their fingertips thanks to the Internet. When researching stocks, investors can access statements and news within seconds of opening a web browser. This allows information to reach your hands much quicker than receiving financial statements in the mail or waiting for the newspaper or televised news program in the evening. Since news travels faster, this also allows investors to rapidly react the moment they read good or bad news about a company. If an investor reads news about one of their stocks underperforming earnings, they may want to sell their stock, thinking this news will cause their stock to decrease in price. However, this course of action may not accomplish what the investor is looking to do.

Today news may travel fast, but there’s always a source from which it spreads. No matter how fast the news travels, there will always be people ahead of you that hear the news and react accordingly before you have a chance to. For example, company XYZ is releasing an earnings report that exceeded expectations. This would theoretically increase the stock price so investors would want to buy shares in expectation of an increase in value. The first people to know about the report would most likely be the insiders of the company and/or accounting firm that audited their statements.

Most news that will have a significant impact on a stock’s price will be announced when trading is closed.  Stocks may be halted during trading for any major announcements.  By the time an article is drafted, edited, and posted on a website for you to read, the stock market has already reacted to the earnings report. As a result, purchasing shares because you think the stock price will go up due to the news will not achieve your goal since the stock price has already reacted accordingly.

I receive many phone calls from clients worrying that their position will decline due to an article that they read on the Internet. Their intention is to sell the stock before investors react and jump ship before it sinks. However, what they do not realize is the current stock price already reflects the news and their desire to make a pre-emptive move is actually post-emptive. It never hurts to be informed, but unless you’re an insider or one of the very first people to have access to certain information, the stock market would have already reacted to it by the time you get a chance to.

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: Bad News Bears: Reacting to Bad News

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by CareyAnn Peterson

The first day of spring began this week and your financial house could probably use some spring cleaning. Now that we have finally recovered from the holidays, the spring is a great time to evaluate your finances and to check your progress to determine if you are on track to reach your financial goals in 2012.  Here are few items to consider reviewing.

Are your income statement and balance sheet up to date?

Recently, my colleague, Shelley Seagler, wrote an article, Personal Financial Statements and Retirement, where she discusses the importance of creating a personal income statement and balance sheet. Creating these items as well as revisiting and maintaining them on a monthly basis is an important task to remember so that you can accurately track your current finances as well as plan for the future.  Now is a good time to make sure those items have your most up-to-date information.  If you haven’t created these statements yet, sit down and take some time to do so.

Is your emergency fund enough?

It is important to reevaluate your emergency fund every so often to make sure that you have enough emergency savings to last an entire year.  You may have taken on a payment or retired some debt and find that your expenses have changed.  If you have a deficit in your emergency fund, create a goal to fill the gap over the next eight months.  If you find that you have a large excess of funds, you could deposit that money in an investment account.

Have you saved enough in 2012?

If you haven’t been reaching your savings goals in 2012, make sure to cut back on your discretionary spending and start putting more towards your goals.  As the year goes on, you will be happy that you increased your savings now.. If you have unexpected money come through the door, like a tax-refund, definitely put a good portion in savings!

Here is a link to our My Financial Plan application.  This online tool will help you track your personal financial statements, savings, and emergency fund to help you accomplish your spring cleaning.  You can revisit and update your My Financial Plan at any time.

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: Spring Cleaning

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by Josh Stelzer

Life insurance can be both the most important and most overlooked aspect of a family financial plan. While there are definitely debates on whether to purchase term or permanent insurance, the concept of needing life insurance is agreed upon by virtually every financial planner. So the real question is, how much do I need?

Financial planners use several different ways to calculate a client’s life insurance need. In my opinion some of these methods can significantly over-inflate your actual need and can generate a nice commission for the agent selling you your policy. It’s important to point out that I am talking about the actual death benefit need to protect your family from your premature death. There are many other ways to calculate a need when discussing legacy or estate planning.

When analyzing a client’s financial plan, I tend to rely on a widely accepted approach called the “needs based approach”. The needs based approach focuses on two things; the immediate cash needs of the family, and the income replacement needs.

The cash needs are the immediate funds needed to fund final expenses. These expenses include debt elimination, emergency fund, mortgage payoff, child care costs, college funds, and any other special needs. Most individuals will want to make sure that the necessary cash is available to meet these immediate needs. However, cash needs are subjective and will vary depending on personal goals and objectives.

After the immediate cash needs are met, most survivors will require a replacement income to offset the income loss of the deceased family member. Assuming that all debts are paid, the next step is to determine the percentage of income is needed to maintain the family’s standard of living.

Depending on the age of the client this can be looked at in two different ways. In general, if the client is younger, we will recommend that they purchase enough insurance to support the family for 7 years. Statistically it takes a younger widow roughly 7 years to bounce back financially. So if the deceased spouse was earning $50,000 a year, then a minimum of $350,000 would be needed to provide for the family’s needs.

If the client is older and approaching retirement, the needs are often shifted to providing for the family until the surviving spouses death. As a ballpark figure, roughly 60% of income will allow for a family to maintain the same standard of living. Therefore, one will need to determine how many dollars, at a given interest rate, will generate an after tax income that equals 60% of the deceased spouse’s income.

For example, a family needing $50,000 in replacement income annually will need roughly $950,000 of insurance invested at 6.0% to generate the necessary after tax income needed. Obviously, the amount of insurance needed in this scenario will vary depending on the family’s wishes and the age of the clients.

The important take away here is that life insurance is essential in a financial planning. Whether you use the 7 year approach, or the lifetime income approach, your family will not be able to maintain their standard of living without it. I strongly encourage you to review your coverage amounts to make sure you have an adequate amount. The last thing you want is for your loved ones to be left in a financial ruin, simply because of poor planning.

As always we at Snider Advisors are always happy to conduct an insurance review for you to ensure your family will have the protection they need. You can reach us by clicking here and scheduling a free consultation.

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: How much life insurance do we really need?

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by Jesse Anderson, CFA

Do you own shares of stock in the company you work for? Do they make up your entire 401(k) or just some of your “play money”? I’m amazed at the amount of clients and prospects I meet with that have a significant portion of their portfolio invested in their company’s stock. Familiarity and ‘insider knowledge’ seem to be the top reasons the hold the positions. They quickly forget stock picking is nearly impossible and even those with the greatest level of knowledge get it wrong.

Click here to read the rest of the article.

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: “We are going to have a good year!”

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by Tom Doan

Since the introduction of Lattco Pro in 2011, many clients have been excited at the change, some have slowly adapted it, and others have either been skeptical or unsure whether or not Lattco Pro is right for them. If you are in the last group, this article is for you. While I agree that Lattco Pro is not for everyone, I will outline five reasons you should.

#1 – Extra time in Bora Bora

Lattco Pro automates your bookkeeping with the click of a button by processing the activity in your optionsXpress account. This eliminates the need to manually sort through the activity Sunday Evening to prepare for Trade Day. Because updating activity in Lattco Pro is very easy and quick to do, you may even elect to do “Sunday Evening Bookkeeping” on Monday morning, thus giving you an extra night to enjoy the beautiful beaches of Bora Bora.

Sunday Evening Bookkeeping, an all-inclusive package

#2 – Quicker Trade Day

On Trade Day, you trade your positions while pausing in between trades to do your bookkeeping, recording purchase prices and calculating a new average cost or Bundles. Lattco Pro updates your Individual Stock Purchase Record, Band Rule Worksheet, and average cost for you the moment you click “Update Activity.” In addition, there’s a Bundling Tool that will calculate Bundles for you, saving you time and making your trades go by much quicker and easier.

Bundling has never been so easy

#3 – Minimizing Mistakes

In a perfect world, nobody would ever make mistakes. Unfortunately, this is an imperfect world and mistakes are a part of our everyday lives. It’s best if we can learn from our mistakes so we can avoid making them again. However, if you never identify the mistake, it can be difficult to learn if you aren’t aware you made one in the first place. Lattco Pro’s platform makes it easy to identify if you’ve made a mistake so you can dig deeper and figure out if something went wrong.

Looks like too many shares were purchased during May Trade Month

Something must have went wrong in July 2011

In addition, when we set up your account in Lattco Pro, we review the account and double check the Stake to your records. It is not unusual to see an account that is a few years old be $20,000 off and be able to open a new position due to the Stake check.

#4 – Discounted Commissions

As a Lattco Pro user, you are able to move to a specific branch within brokersXpress (the investment advisory side of optionsXpress), which gives you access to discounted commissions. Nothing in your account changes, the account number, positions, and activity remain intact. However, the commissions for option trades in the Lattco Pro branch is $9 compared to the usual $12.95 rate. This will save you about $4 per option trade. Since Lattco Pro charges $8 per active position and does not charge for winter positions, the cost of Lattco Pro is offset by about half ($8 per position – $4 saved from option commission) due to the commission reduction. If you have seven active position, the net cost of Lattco Pro and commission savings will be cheaper than the cost of generating positions in New Lattco ($28 Lattco Pro vs. $30 New Lattco). Remember, you aren’t charged to generate new positions in Lattco Pro.  If you Bundle a position and trade two options, then the commission saved will pay for the Lattco Pro position since you would have saved $8 on the two option trades. The one downside of brokersXpress is they do not offer the same commission break from straddle trades, so a first month straddle will incur two commissions.

#5 – The First Month is Free

When you sign up for Lattco Pro, the first month is free. This gives you time to explore the features and use it for a Trade Day to see what Lattco Pro has to offer at no charge. You can then decide if you wish to continue using Lattco Pro or revert back to New Lattco. If you do not wish to continue using Lattco Pro, switching back is very quick and easy to do. There is also no commitment to using Lattco Pro; you can cancel it at any time. If you are on the fence on whether or not you want to use Lattco Pro or simply want to explore its features, singing up for one free month can help you determine if Lattco Pro is right for you. If you want to start using Lattco Pro or read more information, you can click here and as soon as your account is ready we will notify you.

If you have any questions, please feel free to contact us at support@snideradvisors.com or 214-220-0055.

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: Alumni Only! Five Reasons Why You Should Use Lattco Pro

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by Josh Stelzer

Many of us go through life so consumed with our day to day activities, that we can sometimes forget how important an organized estate will be for our loved ones we leave behind. By taking 5 minutes out of your busy day to review this checklist, you can give yourself the peace of mind that your passing will not end up as a burden to your family and friends. To go a step further, I highly encourage you to have this conversation with your loved ones so that they are prepared, and have the tools necessary in the event of your passing. As always, consulting and coordinating with your legal, financial and tax advisors is a must.

Organize Your Financial Records

Create a list: It’s very important to have a centralized list of all your financial accounts that is accessible to someone you trust. By creating a list you alleviate the headache of your family trying to track down every piece of your financial picture.

Be careful with safe deposit boxes: Often times safe deposit boxes are not accessible until the probate process begins. If you store important documents such as a will in your safe deposit box, make sure to make a copy and keep it in a centralized location that your family will know about.

Location, location, location: Make sure your family members or executor know the location of your deeds, car titles, birth and marriage certificates, divorce decrees, tax records and estate planning documents. These items can be a real headache for your family to dig up, and can be avoided by making a simple list of their locations.

Review your beneficiary designations: This is one of the most important items on the list. Taking the time to review your beneficiary designations can keep your assets out of probate, and save your loved ones huge amount of time and money.  Check out our blog post, Do you know will receive you assets?

Personal Planning

Location of valuable items: Make sure to inform a trusted family member or friend of the location of your stowed away valuables. These are hidden for a reason and you wouldn’t want them to be overlooked during the distribution of your estate.

Security codes and passwords: This is another huge one. Your family members will not be able to access your account information if they do not have your log in information and passwords. In our web based society, passwords are often the key to your family being able to efficiently access the information they need. Also spare keys and any other security measures should be disclosed in writing and kept in a safe place for your family members use down the road.

Easy access to your will and durable powers of attorney: Plain and simple. Keep a copy at your attorney’s office, one in a fireproof safe at your home and third copy should be given to the executor of your estate.

Insurance Planning

Review your life insurance policies: It sounds like a time intensive task, but it’s not. Simply review your last insurance statement to make sure your coverage amount is adequate for your family’s needs. Also make sure that the policy is in good condition and doesn’t have the possibility of lapsing. If you have questions in this area, we are here and happy to help. A life insurance review is an easy way for us to give you the peace of mind that the money you’re expecting your family to receive, will be there when they need it.

Consider buying health / medical / LTC insurance: There are 3 major types of coverage that help protect and stretch your assets: Long-Term Care enables you to cover the cost of long-term health care in your home or at a long-term care facility. Major Medical protects you against the ever-rising cost of medical care; and Disability helps protect your income if you are too sick to work or become incapacitated.

Review your annuity and pension plan benefits: Often times you are asked to make an election of survivor benefits on these plans when you begin receiving income. Life can change over the years with divorce and/or re-marriage, so make sure that the survivor benefits you have set up are in line with your wishes.

Estate Planning:

Make or update your will: Contrary to most people’s understanding, everyone has a will. The question is who wrote it; you or the state you live in. Taking the time to draft a will gives you the comfort that your assets will pass to those you intend them to. Without a will, you are simply relying on a judge to make that decision for you. Wills should be reviewed every five years or whenever you have a life changing event take place.

Living wills are important too: This gives your family the understanding of what you want to take place medically, in the event you become incapacitated and cannot make a decision for yourself.

Create a durable power of attorney: By creating these two documents, you give yourself the protection of having someone available to make medical, financial and legal decisions on your behalf in the event you become incapacitated.

Create a Letter of Instruction: This is by far the best way to communicate your wishes to your heirs. By writing a detailed letter that explains the location of all the above documents and information, you give your heirs the comfort of knowing that you took the time to properly prepare for the hard times.

 

The items above, if taken seriously, will give your family the opportunity to think of the good times, and not have to worry about cleaning up the mess left behind. The last thing you want is for your family to go through a long, expensive probate process during the time they should be grieving. If you need assistance with any of the items above, please don’t hesitate to give Snider Advisors a call at 214-220-0055 and we will be happy to point you in the right direction. You can also visit our preferred advisors page to get in contact with someone who is competent to set up these areas of your estate plan.

 

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: 5 minute estate planning checklist

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by Josh Stelzer

We’ve all opened an investment account with our broker and been asked to elect a beneficiary. All too often, we make this election without thinking about the issues that can arise when an account is transferred from the account owner to their elected inheritor. Today we will take a look at three items that every account owner should be aware of when designating a beneficiary.

1. This election means more than you think…

The first issue that many account owners may not be aware of is the order of operations when an account owner passes away. Many people assume that their will or estate planning documents will dictate who will receive their assets at death. In reality, the beneficiary listed on your brokerage account almost always takes precedence over your will. It’s also virtually impossible to remove or change the “improper inheritor” post-mortem. This can only be changed if you can prove that the improper beneficiary was elected fraudulently. Needless to say, it’s very important to have your will and your beneficiary designations closely coordinated.

A second, and perhaps more serious implication of having your assets transfer to the wrong individual, is the financial impact that will result for the person you just disinherited. The whole reason you listed them in your will was to provide for their wellbeing, but with the error of your beneficiary election not matching your will, this support will not reach the intended parties. This can have a catastrophic effect on the lives of your loved ones and the estate plan that you had in place.

2. Make sure to elect contingent beneficiaries

This should be a no-brainer. The contingent beneficiary serves as a backup in the event that your primary beneficiary predeceases you, or in a tragedy dies at the same time. In the event of a husband and wife passing together, the assets would then go to your estate and pass to the new beneficiaries via the probate process.

From an estate planning perspective, electing a contingent allows the primary beneficiary to “disclaim” the inheritance. This is often done if the primary beneficiary does not wish to add the inherited assets to their overall estate, and instead elects to pass the inheritance on to the next person in line. Obviously avoiding probate is the focus here, as this can be a very costly and time intensive process for everyone involved.

3. Be very careful with your wording…

If a trust or estate is named as the beneficiary; attention to detail is the key. If naming a trust, as used in a “bypass trust” strategy, coordination between the account owner, financial planner and the estate attorney is crucial. Due to changing laws and trust document adjustments, it is very important that these advisors be on the same page at all times.

Electing the “estate” as the beneficiary also comes with several issues. The first implication is being subject to probate, which can cause a long delay in the asset transfer process. The estate election can also have a large impact on the calculation for Required Minimum Distributions (RMD’s) for your beneficiaries. Depending on the account owners’ age, these forced distributions may be accelerated simply because the estate was named as the beneficiary. This can be easily avoided by simply naming a beneficiary to receive those assets upon your passing.

As you can see, the election of a beneficiary can have several impacts on your family, estate executors and your overall estate plan. It’s very important to review your beneficiary designations to ensure that your assets will pass in accordance with your wishes. Life events such as retirement, new children, and divorce should all trigger a review of your beneficiaries. I encourage you to take five minutes today to review these designations in order to protect those you love.

This is not financial, legal or tax advice. Our goal is your financial success, but all investments involve risk including the possible loss of principal and results will vary. If you are interested in the Snider Investment Method, please read the Owner's Manual for a complete discussion of risks and benefits. More information can be found on our website or by calling 1-888-6SNIDER. Past performance is not indicative of future results.

Reading: Who will receive your assets upon death?

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