Blog

Category: Estate Planning

Planning for Long-Term Care

By Lineweaver Financial Group
August 29, 2019 Category: Longterm Care, Healthcare, Elder Law, Estate Planning, POA, Power Of Attorney, Retirement

Many people dont know that over 69% of people turning 65 this year will need some sort of long-term care at some point in their retirement. Our firm specializes in planning for and managing retirement for private and institutional clients, and our clients often require advanced planning to protect their assets. First of all, its important that you have an elder law attorney. Elder law is a niche area of legal practice covering estate planning, wills, trusts, retirement healthcare planning and protection of assets. A good elder law attorney can help advise you on all these areas. The right planning starts with the right documents, especially the Power of Attorney. The power of attorney law changed in Ohio in 2012 to the Uniform Power of Attorney Act, and many powers of attorney documents dont conform with this legislative change. We highly recommend for anyone with a power of attorney written prior to March of 2012, that you have that document reviewed to determine if it meets the new

The Power of Coordination

By Lineweaver Financial Group
April 18, 2019 Category: Coordination, Tax, Legal, Insurance, Financial, Wills, Estate Planning, Taxes, Retirement

At the Lineweaver Companies, we believe a team approach to coordinating all your financial, legal, tax, and insurance needs helps save you time, money and worry. For example, we had clients who were both close to retirement, and unfortunately the husband had been diagnosed with terminal cancer. The first thing we did was to work with them to make sure his pension was triggered in such a way that the wife could receive a greater lifetime benefit - almost a million more dollars than she would have otherwise received. At the same time, in this sort of situation, you have to consider powers of attorney and other basic estate planning documents that everyone should have, like wills, and even if trusts make sense for your particular situation. There were also huge student loan balances of more than $120,000. But, because they kept the loans entirely in the fathers name, when he passed, the debt was forgiven. But what many people dont know is that the forgiveness of debt in this

What the New Trump Tax Law Means for Your Estate Plan

By Lineweaver Financial Group
April 02, 2018 Category: New Tax Law, Estate Planning, 529 Plans, Charitable Giving

When the Tax Cuts and Jobs Act of 2017 passed and was signed into law late last year, it was the most sweeping overhaul to the tax code in more than 30 years. While there are many estate planning strategies that have remained in place, this also opened the door to new opportunities, and so it may be wise to revisit your estate plan. Increased Limits on the Estate Tax The Tax Cut and Jobs Act temporarily doubles the exemption amount for estate, gift and generation-skipping taxes from the $5 million base, set in 2011, to a new $10 million base, good for tax years 2018 through 2025. The exemption is indexed for inflation, so an individual can shelter $11.2 million in assets from these taxes. Another federal estate law provision called portability lets couples who do proper planning double that exemption. So, a couple could exclude $22.4 million for 2018. The laws sunset provision means that, absent further Congressional action, the exemption amount would revert to the $5 million base, indexed. 529

Is Your Estate Plan Up to Date?

By Lineweaver Financial Group
April 11, 2016 Category: Estate Planning, Education Programs, Newsletter

Prepare for the Inevitable Theres a saying that goes something like this.When you are dead, you dont know you are dead. It is difficult only for the others. When you pass away, it will be difficult for family members to deal with. Do not make it more difficult by not having your affairs in order. That is not the legacy you would like to leave.a mess someone else had to clean up. The decisions you make now about where your assets go after your death can affect peoples lives profoundly. If you dont have the proper plans in place, chances are things will not go as you think. Transfers of your assets could be stressful, complicated, expensive, and create unnecessary taxes. Most people avoid thinking about, let alone planning for, their death. And yet making arrangements can be a liberating experience. Relieving your families of the burden of having to do it for you is also a demonstration of consideration, kindness and love. Estate-planning advice often revolves around the choice and creation

Categories
Newsletter (30)
General (26)
Economic Commentary (16)
Retirement (15)
Retirement Planning (14)
Letter From The President (14)
Financial Planning (11)
Tax (11)
Healthwatch (10)
Lineweaver (10)
Market Commentary (8)
Taxes (7)
Q3 (7)
Tax Planning (6)
Education Programs (6)
Market (6)
Estate Planning (4)
Social Security (4)
IRA (4)
LFG (4)
Bonds (4)
Portfolio (3)
(3)
Market Review (3)
Finance (3)
2017 (3)
Trump (3)
Insurance (3)
Tax Law (3)
Diversification (3)
Health (2)
Client Spotlight (2)
Coordination (2)
Financial (2)
Stocks (2)
Charity (2)
2019 (2)
Market Update (2)
Investing (2)
Tax Cuts And Jobs Act (2)
Annuity (2)
Annuities (2)
Rising Interest Rates (2)
Tax Scams (2)
HealthWatch (2)
Investments (2)
Brexit Update (2)
2016 (2)
Election (2)
Interest Rates (2)
Volatile Market (2)
Strategies (2)
Social Security Benefits (2)
High Income (2)
Q2 Newsletter (2)
Financial Strategies (2)
Anne Graffice (1)
Pro Football Hall Of Fame (1)
Q3 Newsletter (1)
Q1 (1)
Tips (1)
Bitcoin (1)
David Baker (1)
Sring Cleaning Your Finances (1)
Cooking (1)
Advice (1)
Healthy (1)
Keeping Your Mind Sharp (1)
Summer (1)
Q2 2019 (1)
New Years Resolutions (1)
Vacation From Investments (1)
Eye Strain (1)
Financial Quarterback (1)
Quarterly Newsletter (1)
James Lineweaver (1)
Exercising (1)
Screens (1)
Vacation Home (1)
Market Outlook (1)
In Laws (1)
Marital Trust (1)
Bloodline Trust (1)
Trusts (1)
Financial Goals (1)
Jim Lineweaver (1)
2018 (1)
Inheritance (1)
Statements (1)
Big Banks (1)
Legal (1)
Nutrition (1)
Charitable (1)
Donations (1)
End Of Year Taxes (1)
Tax Strategies (1)
Black Swan (1)
CARES (1)
CARES Act (1)
Stimulus (1)
Steps (1)
POA (1)
Probiotics (1)
Economic Outlook (1)
2020 (1)
2020Q3 (1)
Medicare (1)
Medicare Supplements (1)
Your Retirement Playbook (1)
2020Q4 (1)
Power Of Attorney (1)
Elder Law (1)
Wills (1)
Sell (1)
Chad Roope (1)
Roth Ira (1)
Roth Conversion (1)
Traditional Ira (1)
Congress (1)
Sell In May And Go Away (1)
Stock (1)
Buy (1)
Dementia (1)
Healthcare (1)
Review (1)
Credit Unions (1)
Pse (1)
Cryptocurrency (1)
Savings (1)
Checking (1)
Banking (1)
Longterm Care (1)
Investment (1)
Eat More (1)
Market Volatility (1)
Dividend (1)
Retire Early (1)
Legacy (1)
Retiring (1)
Self Employed (1)
Business Owners (1)
Annuity Alternatives (1)
Life Insurance (1)
Bonds Ladder (1)
Q1 2017 Newsletter (1)
Policy (1)
Roth (1)
Donor Advised Fund (1)
Private Foundation Charitable Lead Trust (1)
Charitable Remainder Trust (1)
Growing Your Wealth (1)
Real Estate (1)
REITs (1)
Retire (1)
Winter 2017 (1)
Protection (1)
Harvest For Hunger (1)
Retirement Tips (1)
Financial Advice (1)
Financial Advisor (1)
Social Security Planning (1)
Charitable Contributions (1)
Women And Money (1)
Service Day (1)
Gifting (1)
2016 Market (1)
Candidates (1)
Politics (1)
Fall 2016 (1)
Financial Health (1)
Holiday Planning (1)
Stockpile (1)
Holiday Gifts (1)
1st Quarter (1)
Risk Management (1)
North Korea (1)
Drink Water (1)
Trading (1)
Top Financial Strategies Of The Wealthy (1)
Market Pullback (1)
Reallocation (1)
RMD (1)
Distribution (1)
Tariffs (1)
NAFTA (1)
New Tax Law (1)
Transfer Real Estate (1)
529 Plans (1)
Charitable Giving (1)
Q2 (1)
New Website (1)
Bruce Motko (1)
Travel Tips (1)
Travel (1)
Markets (1)
Defer Tax (1)
Letter From The President New Years Resolutions (1)
Conflict (1)
Fraud (1)
Lineweaver Wealth Advisors (1)
Mutual Funds (1)
Expense (1)
Costs (1)
401(k) (1)
Equifax (1)
Mark Sipos (1)
2017 Q4 (1)
Identity Theft (1)
Market Review 2017 (1)
Third Quarter (1)
Tax Cuts And Job Act (1)
Introducing (1)
Kids (1)
Grand Kids (1)
Tax Cuts (1)
Jobs (1)
Lose Weight (1)
Markets Don\'t Pick Sides (1)
+ Show More

Terms and Conditions | Privacy Policy | Disclosures

Lineweaver Financial Group ©
Powered by Virteom Logo Virteom