estate planning checklist schwab florida

#Estate planning checklist schwab florida full
#Estate planning checklist schwab florida professional

He saw that he and his wife had selected a joint survivorship account by checking the appropriate box. I had the client retrieve a copy of his account application. He told me he had a joint account with his wife at Charles Schwab & Co. The husband had been named as a defendant in a civil suit. The issue was part of my discussion with a new client this past month. Not all bank provide a tenants by entireties option on an account application, but most securities firms do offer both a joint survivorship alternative and a separate entireties option. The most common disclaimer of entireties protection occurs when a debtor selects the incorrect ownership on a financial institution’s account application. Some of those products do pay commission to the Retirement Planner.The general rule is that married accounts with rights of survivorship are presumed to owned by married couples as tenants by entireties unless the couple has disclaimed entireties ownership on the account application or elsewhere. Although we do not act as a 'fiduciary' (as defined by FINRA, SEC and other State regulatory agencies), we do consider your whole retirement picture when recommending products and services to you. Retirement Planners working at GRR have your best interest at heart. Please refer to our firm brochure, the ADV 2A page 4, for additional information.

#Estate planning checklist schwab florida full

We have an obligation to act in the best interests of our clients and to make full disclosure of any conflicts of interests, if any exist. Registered Investment Advisors and Investment Advisor Representatives act as fiduciaries on behalf of GRR, not on behalf of GR for all of our investment management clients. GR and GRR are neither affiliated nor endorsed by any government agency. Logos and trademarks used are the property of their respective owners and no endorsement by the owners of the producer is stated or implied.

Fixed insurance and annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by GRR nor GR. They do not refer in any way to securities or investment advisory products or services. Any references to protection benefits or lifetime income generally refer to fixed insurance products. You are still encouraged to consult your own tax advisor or attorney.Īnnuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Please note GRR and GR do not give legal or tax advice but our affiliates, AlerStallings LLC and Golden Reserve Tax, LLC, do give legal and tax advice. It is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or promote, market, or recommend any tax plan or arrangement. This information is designed to provide general information on the subjects covered.

#Estate planning checklist schwab florida professional

Consult your financial professional before making any investment decision.

Past performance does not guarantee future results. Opinions expressed are subject to change without notice and not intended as investment advice or to predict future performance. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Investing involves risk, including the potential loss of principal. Insurance products and services are provided by Golden Reserve, LLC (GR). Investment advisory services offered through Golden Reserve Retirement, LLC (GRR), an SEC Registered Investment Advisor. Being a Sheepdog isn’t a tagline, it's who we are. Which is why our Retirement Planners protect and guide so many retirees safely down retirement mountain. But we do – we have all walked those same roads. And that’s what the financial elites will never get – they don’t know you. Plans that protect you from the wolves that care more about their fees, than walking with retirees to protect them against the risks of retirement. Plans that guide you through retirement allowing you to enjoy what you’ve saved. We don’t build investment plans, we build retirement plans. You need someone to protect and guide you from the largest risks of retirement. So unfortunately, you inherited this over-priced 1% model that doesn’t do much more than sell you over-priced investments.īut you and 95% of retirees don’t need an investment plan. It was instead built for multi-millionaires who need complicated investment advice. We started Golden Reserve because we saw a financial industry that wasn’t built for you.