- Видео 436
- Просмотров 177 996
Castle Wealth Group Legal
США
Добавлен 24 фев 2020
Our Family is Dedicated to Helping Your Family.
The firm was founded in 2005. Since its inception, the firm has been dedicated to helping families plan, protect, and preserve what is important to them. With an exclusive focus on estate, elder law, and retirement planning, the firm has carved out a niche and is one of the most respected firms in the state of Michigan.
The firm started as The Elder Care Firm, but with a new decade and expanded focus, changed its name in 2020 to The Castle Wealth Group Legal.
For over 15 years, the firm has helped countless families avoid probate, protect assets, and navigate through the long-term care journey.
Over the years, other attorneys have looked to the firm for assistance, training, and continued education.
The firm was founded in 2005. Since its inception, the firm has been dedicated to helping families plan, protect, and preserve what is important to them. With an exclusive focus on estate, elder law, and retirement planning, the firm has carved out a niche and is one of the most respected firms in the state of Michigan.
The firm started as The Elder Care Firm, but with a new decade and expanded focus, changed its name in 2020 to The Castle Wealth Group Legal.
For over 15 years, the firm has helped countless families avoid probate, protect assets, and navigate through the long-term care journey.
Over the years, other attorneys have looked to the firm for assistance, training, and continued education.
What counts as Income in Retirement
What Counts as "Income" in Retirement?
Understanding what counts as income in retirement is crucial for effective financial planning. In this episode of Berry's Bites, attorney and financial adviser Chris Berry from Castle Wealth Group Legal breaks down the key sources of income retirees need to consider, including required minimum distributions (RMDs), pre-tax account withdrawals, pensions, and Social Security. He also discusses how these income sources impact taxes, Medicare, and health insurance decisions. Don't miss these essential insights to help you plan for a financially secure retirement!
Topics covered:
What qualifies as taxable income in retirement
The impact of pensions and lump-s...
Understanding what counts as income in retirement is crucial for effective financial planning. In this episode of Berry's Bites, attorney and financial adviser Chris Berry from Castle Wealth Group Legal breaks down the key sources of income retirees need to consider, including required minimum distributions (RMDs), pre-tax account withdrawals, pensions, and Social Security. He also discusses how these income sources impact taxes, Medicare, and health insurance decisions. Don't miss these essential insights to help you plan for a financially secure retirement!
Topics covered:
What qualifies as taxable income in retirement
The impact of pensions and lump-s...
Просмотров: 10
Видео
How To Prevent Your Estate from Going to the Wrong Heirs?
Просмотров 8219 часов назад
How To Prevent Your Estate from Going to the Wrong Heirs? In this episode of "Berry's Bites," Certified Elder Law Attorney and Certified Financial Planner Chris Berry discusses how blended families can protect their estate and ensure assets are fairly distributed among children from different relationships. Through examples, Chris explains common scenarios where estate planning can go wrong-suc...
Should You Pay Off Your Mortgage Before Retirement?
Просмотров 46814 дней назад
Should You Pay Off Your Mortgage Before Retirement? In this episode of Berry's Bites, join attorney and financial adviser Chris Berry as he tackles the common question: "Should I pay off my mortgage before retirement?" Chris shares valuable insights on how interest rates play a critical role in this decision. If your mortgage rate is under 4%, keeping it may be advantageous, while a rate above ...
Can You Retire Safely? | Retirement Planning 101
Просмотров 27721 день назад
Can You Retire Safely? | Retirement Planning 101 In this episode of Berry’s Bites, attorney and financial advisor Chris Berry from Castle Wealth Group Legal dives into the essentials of retirement planning and how to secure a safe and comfortable retirement. This video covers critical steps and potential pitfalls in planning for retirement, focusing on transitioning from an accumulation phase t...
Turning 60 with No Retirement Savings? Here’s How to Catch Up Fast!
Просмотров 125Месяц назад
Turning 60 with No Retirement Savings? Here’s How to Catch Up Fast! In this episode of Berry's Bites, host Chris Berry, Certified Elder Law Attorney and Certified Financial Planner, tackles the challenging topic of retirement planning for those approaching 60 without substantial savings. Key points covered: The importance of accumulation even at age 60 Strategies for recreating income in retire...
Is an LLC Right for Your Small Business?
Просмотров 30Месяц назад
Is an LLC Right for Your Small Business? In this episode of Berry's Bites, host Chris Berry, an Attorney and Financial Planner, discusses the advantages of forming a Limited Liability Company (LLC) for small businesses. He explains why LLCs are often the preferred choice for real estate investors, consultants, and retirees starting side gigs. Chris covers: The flexibility and ease of setting up...
Selling Your Home? Do You Owe Capital Gains tax?
Просмотров 512 месяца назад
Selling Your Home? Do You Owe Capital Gains Tax? 🏠💸 In this episode of Berry's Bites, Attorney and Financial Advisor Chris Berry breaks down the key considerations when selling your home or condo and the potential impact of capital gains taxes. - Capital Gains Explained: How to calculate capital gains after selling your property. - Primary Residence Exemptions: Learn about the $250,000 exemptio...
Trust Taxes vs Personal Taxes: What You Need to Know?
Просмотров 672 месяца назад
Trust Taxes vs Personal Taxes: What You Need to Know?
3 Reasons to Update Your Trust and Estate Plan
Просмотров 392 месяца назад
3 Reasons to Update Your Trust and Estate Plan
Essential Retirement Risks You Need to Address Now!
Просмотров 682 месяца назад
Essential Retirement Risks You Need to Address Now!
Ladybird Deeds 101 | Simplify Real Estate Transfers Like a Pro!
Просмотров 843 месяца назад
Ladybird Deeds 101 | Simplify Real Estate Transfers Like a Pro!
Ladybird Deed vs Trust: Which is better?
Просмотров 2103 месяца назад
Ladybird Deed vs Trust: Which is better?
Does the 10-Year Rule Apply to Roth IRAs in Legacy Trust?
Просмотров 2334 месяца назад
Does the 10-Year Rule Apply to Roth IRAs in Legacy Trust?
Does Tenancy in Common Avoids Probate? | Tenants in Common vs Rights of Survivorship
Просмотров 764 месяца назад
Does Tenancy in Common Avoids Probate? | Tenants in Common vs Rights of Survivorship
Is there an IRA Trust? What are it's advantage?
Просмотров 604 месяца назад
Is there an IRA Trust? What are it's advantage?
What is the Difference Between Qualified and Non-Qualified Accounts?
Просмотров 1905 месяцев назад
What is the Difference Between Qualified and Non-Qualified Accounts?
Can Trusts Shield Your Assets from Care Costs?
Просмотров 675 месяцев назад
Can Trusts Shield Your Assets from Care Costs?
Does Adding New Money To A Castle Trust Reset The Medicaid 5-year Lookback?
Просмотров 1005 месяцев назад
Does Adding New Money To A Castle Trust Reset The Medicaid 5-year Lookback?
Can a Required Minimum Distribution (RMD) from an Annuity be Converted to a Roth?
Просмотров 6366 месяцев назад
Can a Required Minimum Distribution (RMD) from an Annuity be Converted to a Roth?
3 Ways To Support Charity + Donor-Advised Funds Overview
Просмотров 456 месяцев назад
3 Ways To Support Charity Donor-Advised Funds Overview
Gift Tax Exemptions | Annual and Lifetime Gift Limits
Просмотров 8677 месяцев назад
Gift Tax Exemptions | Annual and Lifetime Gift Limits
Can you be your own Trustee? | Trust Administration
Просмотров 1787 месяцев назад
Can you be your own Trustee? | Trust Administration
Lost Your Will? Here's Where To Find It! ? Essential Documents For Estate Administration
Просмотров 407 месяцев назад
Lost Your Will? Here's Where To Find It! ? Essential Documents For Estate Administration
How to Pay for Long-Term Care Cost? Long Term-Care Explained | 6 In the City and Castle Wealth Group
Просмотров 508 месяцев назад
How to Pay for Long-Term Care Cost? Long Term-Care Explained | 6 In the City and Castle Wealth Group
Fixed Indexed Annuities vs. Brokerage Accounts: Which is Better for Growth? | 3 Investment Traits
Просмотров 718 месяцев назад
Fixed Indexed Annuities vs. Brokerage Accounts: Which is Better for Growth? | 3 Investment Traits
Starting Your Career? Here's How to Get Free Money and Save on Taxes!
Просмотров 568 месяцев назад
Starting Your Career? Here's How to Get Free Money and Save on Taxes!
Are IRA and Roth Protected from Creditors?
Просмотров 2258 месяцев назад
Are IRA and Roth Protected from Creditors?
Should Your Children Have Disability Documents When They Turn 18?
Просмотров 329 месяцев назад
Should Your Children Have Disability Documents When They Turn 18?
Is Your Estate Plan Valid Across States? What to Know When Moving!
Просмотров 379 месяцев назад
Is Your Estate Plan Valid Across States? What to Know When Moving!
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Straight & to the point parallels comparisons. Thank you!
Very well explained. Thanks
Thanks!
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I ducking hate lady bird deed or life estate because it opens door to exploitation of elders!
How so?
Can I gift the max dollar amount for that year to the "same person" year after year (for the next 20 years) with out filing a Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return?
Correct, you can gift the annual exemption, without it effecting anything else.
You can Gift someone the 18K every year without even having to report anything. Once you go over the threshold you have to fill out the form. Does not mean you have to pay taxes on it but you have to report it up to a limit of 13.6 million dollars Anything over the 13.6 million dollars is taxable. , but that can interfere with medicare and other federal benefits which makes perfect sense. That is huge amount of money that is tax free. Won't affect much people unless your like mega millionaire or billionaire. Those guys do trusts and put conditions to the money. That is what he meant with loosing control. Im more worried about the damn government taking your hard earned cash.
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very helpful video - thank you!
Can each of my parents give me 15000 each so they don't have to be taxed
This year 18k
How does a IUl gain market appreciation in a down market? Do they do premium calls?
Excellent information as usual.
Thank you!
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You can save LOTS of money, and then have a crisis or get stuck in a war etc.... I have to continue working... Lucky I've always been 15-20 years younger than others, but that made me a target. In that case, exercise, eat well, and find a job you love to continue doing. Take your $2000 SS after 70, IRA after 73...
Probably the most unbiased video i have seen to date. TY!
How about we Grantors hire a NICER approved Permission Ledger Arbiter Interdiction Trust Forgery Proof Inheritance Administration Lawyer to help out grantees get an Employee Identification Number and serve as co-successor trustees?
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What if there are minors as beneficiaries of the trust? If the Qualified (or unqualified for that matter) assest(s) holds securities and the trust is the secondary beneficary (primary beneificary also passes early) , then can the securities be held in the trust and age based disbursements be made when the minors become adults? Securities have better long term growth than cash or CD's, etc. THX
Yes, the trust would hold the assets for the benefit of the minor beneficiary.
Help plz
Help plz
Placid gonzales
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Join our FREE live webinar now at www.wisdomwebinar.com, or book your FREE 15-minute consultation today at www.15Chris.com!
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