Archive for June, 2010

Retirement Control with a Self-Directed IRA   no comments

Posted at 7:08 pm in Writing a Will

There’s a way to shelter yourself from the stock market losses we’ve witnessed the last several years that have jeopardized individual’s retirement savings. With the volatility of the market, some people have seen 50%, 60% and even more of their investments vanish, with no hope of recovery. That scenario makes it critical that you take control of your investment portfolio, and begin seeing returns that are not taxable until you withdraw the money for retirement. The smart pick is a self-directed IRA. Within that IRA, either a traditional IRA or a Roth IRA, you have a wide selection of allowable non-traditional investment options from gold to real estate. Self-directed IRAs have been part of the tax and investment code since 1972, yet many people are unaware of them. There are dozens of reputable custodians that specialize in self-directed IRAs; among them Equity Trust Company and Entrust New Directions IRA. Fees for these companies vary, so be certain to have a firm idea of the number of transactions you predict making before deciding on your custodian company. You may select non-traditional investments without taking un-needed risks, and still see excellent yields . You can even join in with other people, invest in a fund and spread out both the risk and returns. You can establish an LLC and direct it to make investments for your individual retirement account.

If we remember anything from history , it is that there is a cycle to industries that smart investors see and take advantage of. Currently real estate markets are undervalued in many areas of the country, making this a buyer’s market, and making real estate an opportunistic buy for a self-directed IRA investor . Look for a real estate investment secured by a note or deed with a fixed rate of return within your IRA, or a real estate fund that reduces risk by spreading the investment over a number of properties with moderate LTV (loan-to-value) ratios.

Taking charge of your IRA investments means greater opportunities to secure your financial future.


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Written by JamieK on June 3rd, 2010

Will Writing Malaysia – How To Distribute Property Part 1   no comments

Posted at 6:56 am in Writing a Will
jzwz asked:


Writing a Will – 2 ways to distribute an asset like property, land or apartment. Quick tips from vitalwills.com

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Written by Stephen on June 3rd, 2010

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Can anyone recommend an estate planning lawyer in san mateo, ca?   1 comment

Posted at 6:24 am in Writing a Will
ta11nterrific asked:


I am looking for an estate planning lawyer in san mateo, ca. I recently moved here and do not have anyone I can ask for a recommendation

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Written by Stephen on June 2nd, 2010

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ATO and Probate in WA   no comments

Posted at 9:24 am in Writing a Will

A person who has obtained probate can seek legal advice from a lawyer and have all that paid from by the deceased’s person’s estate.

After the executor has obtained a grant of Probate (or a grant of letters of administration – as the case may be) , the executor has a number of responsibilities following obtaining the grant.

The executor has the following tasks regarding tax.

  1. the executor is answerable as taxpayer for all income received as an executor and for the payment of tax to the the Tax Authority ;
  2. to lodge tax returns to the ATO in respect of that income which shall be the same as far as practicable as the the person who has died if living, would have been liable to make;
  3. is  authorised and required to hold back from time to time out of any money which comes to him/her in his/her capacity as executor so much as is sufficient to pay tax which is or will become due to the ATO in respect of the income;
  4. may become personally liable for the tax payable in respect of the income, to the extent of any quantity that he/she  has retained, or should have retained but he/she  shall not be otherwise personally liable for the tax.

After the executor has obtained the grant, he/she is required to:

  • file all returns and information to the ATO that the deceased person would have had to provide if still alive;
  • give any additional returns that the Australian Tax Office requires
  • discharge any tax liability or penalty from the deceased person’s estate that the deceased would have been required to pay if still alive.

Please see a solicitor if you need more information about applying for probate in Western Australia.  There are many good lawyers in Perth for you to seek advice from.


Interesting Articles

Written by JamieK on June 1st, 2010

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