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PERSONALIZED RETIREMENT PLAN SERVICES in BREA, CA
 Retirement planning is much more than simply setting aside money and assets hoping they will be sufficient for the retirement you desire. Retirement Planning also protects these assets and can provide for safe and reasonable increase in value which can help to ensure your assets last at least as long as you do..
Retirement Planning should lead to:
- Understanding the current laws related to estate planning, asset protection, and trusts.
- Help you understand the complicated decision making processes of retirement planning.
- Understanding the methods and vehicles to protect these investments.
There are a large variety of financial vehicles, including:
- 401K
- IRA
- Roth IRA
- Real Estate
- Life Insurance
- Family Trust Funds
- Employee Pensions & Retirement Funds
Retirement planning is one of the least understood and
most neglected part of early estate planning.
Historically, parents used their retirement accounts to
fund their golden years.. Today more retirees do not need this asset for meeting their financial needs and therefore planning to pass the asset while avoiding negative tax consequences and preserving or stretching the tax deferred status, are the desired goals.
Using antiquated methods of dealing with retirement accounts may result in some unintended consequences:
- The child, without the proper guidance of a trust, decided to “cash in” the retirement account and was subjected to massive and virtually immediate tax liabilities.
- The child, without the proper guidance of a trust, lost out on decades of “tax deferred growth” opportunities afforded to him by the IRS.
- The child, without the added asset protection of a trust, lost the retirement account balance to divorce, creditors, and predators.
- The child just happened to be a minor or was incapacitated at the time of the parent’s death, resulting in the need to “probate” this otherwise non-probate asset.
These unintended consequences can be avoided by employing a number of legal and accepted tax planning strategies and tools. But the earlier you consider whether you will be positioned to pass this asset, the more likely you will be to pass it in the manner you desire.
Gerard W. O’Brien & Associates works with clients to make their retirement plans part of their comprehensive estate plan. We are not however, licensed to sell and do not sell any investment, or insurance products, but are willing to meet with you and your financial and insurance advisors to help structure a program that is right for you and your family.
Retirement Planner in Brea, Orange County, CA
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PRACTICE AREAS
ESTATE PLANNING | Reduce Estate Tax, Create Successor Trustee or Beneficiary, Protect Your Family & Assets, Reduce Family Disharmony. Important documents: Power of Attorney for Health Care, HIPAA Declaration, and Living Will.
BUSINESS SUCCESSION PLANNING | General advice on entity selection, Entity formation, Funding strategies, Guidance for management, Employee Management, Susscession Plans, etc.
POWERS OF ATTORNEY | General, Limited, Durable, Springing, Financial, Medical
PROBATE & TRUSTS | Orange County, CA, Probate Administration, Trust Fund Attorney.
BUSINESS PLANNING | Develop Systematic Process to Increase Revenue, Decrease Costs and Protect Assets
RETIREMENT PLANNING | Qualified Planner, Employee Benefits, Pensions, Protect Business Assets.
ASSET PROTECTION ATTORNEY | Legal Asset Protection Attorney Services for Living Trust, Family Limited Partnership, LLC & Lawsuit Protection.
TAX PLANNING | Personal & Business Tax Planning for Retirement & Deferred Tax Plans.
OTHER LINKS
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ELDER & SENIOR LAW
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Gerard W. O'Brien - Qualified Retirement Planning Attorney in Orange County including: Anaheim & Anaheim Hills, Brea, Buena Park, Cypress, Fountain Valley, Fullerton, Garden Grove, La Habra, La Palma, Los Alamitos, Orange, Placentia, Seal Beach, Stanton, Tustin, Villa Park, Westminter, Yorba Linda and other cities in Orange County, CA.
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