Dorota Dyman & Associates Real Estate: 4 Tips to Begin

Posted in the Buffalo Forum

Xtian Stevanson

Buffalo, NY

#1 Nov 29, 2013
4 Tips to Begin the Estate-Planning Process

With the responsibility for saving for retirement shifting to workers as companies and the government abandon pension plans, experts say estate planning is crucial step in creating a secure financial future.

“You can either plan accordingly in an efficient and organized manner or just let things happen,” says Ben Barzideh, wealth advisor at wealth management firm Piershale Financial Group, in Crystal Lake, Ill.“When you don’t plan for the transfer of your estate to one generation to the next, you can end up losing more money to taxes than you had to.”

Not having a clear estate plan can not only be costly to your beneficiaries, it can also create unnecessary heartache, warns trusts and estates attorney Avi Kestenbaum. Estate planning used to only be an obligation of the wealthy, but that’s no longer the case.

“Anyone who has a penny to his or her name, children, or might even be coming into money in the future, needs to have the basic estate planning documents,” Kestenbaum says.

Kestenbaum adds that in the past, estate planning was all about minimizing taxes, and while that still plays a role it also now includes “elder law planning.”

“People are living longer and you need to make sure your money will last; it’s about making your IRA stretch as long as possible to cover your basic needs, cover long-term health-care costs and make sure the people you want to inherit your assets will.”


Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Buffalo Discussions

Title Updated Last By Comments
Wallys presidential campaign slogan: pick the b... 49 min EightyTwo Percent 37
Why the high black birth rate? 1 hr Guesser 13
Does Lief Coah enjoy Gay Sex? (Apr '14) 6 hr Fat Vidka 53
The 25 Most Dangerous Cities in the U.S. Are Mo... (Nov '10) 13 hr Cry Baby 19,374
Bauerle and The Second Amendment 15 hr Fat Vidka 6
VIDEO PROOF of Dance, _____, Dance 19 hr The Wally Waltz 3
Man convicted of setting dog on fire found shot... 22 hr Fat Vidka 15
Buffalo Dating
Find my Match

Buffalo Jobs

Buffalo People Search

Addresses and phone numbers for FREE

Buffalo News, Events & Info

Click for news, events and info in Buffalo

Personal Finance

Mortgages [ See current mortgage rates ]