Retirement

Aler Stallings

Is Your Will Enough?

Have an Old Will?


In retirement. Now what?

You have a will. Does it protect you from taxes? Does it protect you from probate costs? Does it protect you against long-term care costs? Probably not. At AlerStallings, we’ll help you create an actual plan that provides protection, support, and guidance (not just a will). To learn more, watch the video, stop by a seminar, or schedule a complimentary 15-minute phone consultation.

What's a Will Really Do?


Does it protect against probate costs? No. Does it protect against taxes? Negative. Does it protect again long-term care costs? Never.

So why is a Last Will & Testament the only planning tool in your toolbox?  Because one day they became parents and knew they needed to name guardians for their children.  Unfortunately, that’s about the only help their Will provides.  Once your kids grow up, that same old Will may be insufficient for retirement and beyond.  Why? Because it gives you no protection against taxes or nursing home expenses. Not to mention, some attorneys conveniently keep the original tucked away out-of-sight and out-of-mind, at their law office, ensuring they get the first opportunity to get the probate work in the future.

So why didn’t your attorney discuss upgrading your Will after retirement?  Maybe it’s not his area of expertise.  If so, he may not have the tools to protect your assets from long-term care costs or the tools to limit the taxes you’ll pay Uncle Sam.  And don’t forget to ask “who has the most gain if my will goes through probate?”  For help understanding how to upgrade your old Will to avoid these costs and expenses, give us a call to schedule a complimentary 15 minute telephone consultation.

IRA Protection Planning


It doesn’t matter how much your IRA grows over a lifetime if you have to give up to HALF back to Uncle Sam.

If you’re like most Ohioans, your idea of IRA protection planning likely consists of waiting until you’re 70 and taking your RMDs (required minimum distributions). Frankly, this isn’t much of a plan.

We get it. Your IRA is your largest asset, but you’re confused. When are you supposed to take your distributions? How much should you take out each year? How’s the money taxed? Is it protected from long-term care costs? Do my kids have to pay taxes?

At AlerStallings, we help create a plan to minimize taxes on your IRA for both you and your kids. Our team also provides options on how you can protect your IRA from long-term care costs. Give us a call to schedule a complimentary 15 minute telephone consultation, and we can discuss how to start planning for your IRA. No need to wait until you’re 70 to get started.

AlerStallings provides a valuable service to elders from any walk of life.  They break concepts down so there is complete understanding.

-Larry & Mary Robertson, Grove City, Ohio

The planning meetings and process were excellent.

-Joseph & Nancy Campisi, Bowling Green, Ohio

We found Ben to be very relatable.  He explained everything in language that made sense.  It was a surprisingly enjoyable process.

-Leonard & Mary Jo Horstman, Cloverdale, Ohio

We chose the attorneys at AlerStallings, who were very efficient, courteous, and professional.  

-John & Marie Schnurrenberger, Bellefontaine, Ohio

Greg does top quality work and takes pride in all that he does.

 

-Hal Ackley, West Liberty, Ohio

Frequently Asked Questions


Do you need an estate plan?

Is your estate worth enough to worry about an estate plan?

Yes. The benefits an estate plan provide aren’t tied to a magic number. Sure, there are some tax savings for certain clients while others want protection. But the main purpose is to make sure you (or your kids) are taken care of during your lifetime. That means you’ve got a game plan. Or decision makers in place if you can’t. And ultimately, where you want your stuff to go.

Is your IRA protected from long-term care costs?