Friday, September 14, 2018

Trusts Equal Protection

As an estate planning attorney I am asked every day about trusts. Why should I use a trust? What is a trust? What do trusts do? Are trusts about trust?

All these questions are interesting as are the answers. However neither the question nor answer get to the essence of why we use trusts and their ultimate purpose--protection.


Trusts are used to protect someone or something (property) from someone or something (taxes). As examples think about protecting these folks:

1. Your spouse.
2. Your kids.
3. An elderly loved one.
4. Someone at risk.
5. Someone with a disability.



Things we might protect against include:

1. Poor money management.
2. Creditors.
3. Predators.
4. Taxes.
5. Addictive behavior or drug addiction.

So when you ask a question about whether a trust might fit into your planning ask if there is someone you want to protect, something you want to protect and what risks you want to protect against.

Bernie Greenberg

Tuesday, April 17, 2018

3 Steps to Protect Yourself from Tax Scams

Today is that day, tax day when, if you haven't already, it's time to get your taxes or extension files and taxes paid. Tax day always brings some stress, some angst and the scammers. Con artists constantly look for new ways into your wallet and accounts. Your job is to be ever vigilent and protect yourself.



1. The IRS does not call on the phone or email ANYONE!

This is an old trick used by con artists--imitating people you are already afraid of--like the taxman. Be aware that the IRS does not call, text or email. Also, if you take a call, all IRS personnel must identify themselves by name and identification number. Scammers will not.

2. The IRS and states do not contact you via social media or text.

As tempting as it might be to respond bear in mind that you are receiving a message from a con artist and not from the IRS. Your best course of action is to use your delete key.

3. Do not post your financial information online or on ANY social media site.

Does this require explanation? No. Just don't do it. Ever.

The only person who can prevent a con artist from scamming you is you. Always apply these 3 simple steps as your first line of defense. For further information refer to articles and FAQ sections of the IRS, State of Colorado and Colorado Attorney General's websites.

Monday, March 12, 2018

Don't Let Hackers and Predators Prepare Your Will: 3 Steps to Protect Yourself and Your Family

Social media and internet have many benefits. They also are traps for the unwary and unprepared. Don't let hackers and predators on the internet get your personal, financial and family information and data.

In my world of estate planning this is critical. If you are considering doing your will and estate plan the last place to look for advice is social media. You could subject yourself to foreign hackers and predators who fish for unsuspecting people 24/7 on social media sites like facebook. We hear everyday how foreign agents are using facebook to influence your every day decisions.


Here are the ways you can protect yourself, your family and your property:

1. Never reveal personal information online to anyone, anytime.

Trusted websites like your bank, brokerage firm etc. are acceptable places to use their secure tools for doing this. Never reveal your personal information on any social media site. Ever.

Also to be avoided are chat sites for your personal information. These sites are not secure and frequently mined by hackers to steal your information.

2. Don't post pictures of your property, home, young children, cars or accounts on any social media site.

If you are inclined to post the pictures of your trip or vacation do so after you have returned to avoid providing the robbers the information about when they can go to your home and steal your stuff.

3. Do not rely on legal, accounting or tax advice you receive online or social media.

You would never ask how to do surgery on your knee or ankle on facebook and you should act the same about your property and money. Use social media to get referrals to competent specialists and professionals and go meet with them in person.

Doing your will and estate plan requires the assistance of qualified specialists just like an operation or surgery. Protect yourself and family by avoiding providing the means to hackers and predators to steal from you. Remember: You are the first and best means of protecting yourself and family.