Wednesday, March 23, 2011

State Health Insurance Regulators Tied to Industry, Says Watchdog | Advisor One

Here's an article that may be of interest. My question is where is the transparency in government that we have been promised?

From Advisor One:

State Health Insurance Regulators Tied To Industry

Let me know what you think of this and visit here often: B.H. GREENBERG & ASSOCIATES

Your Credit is Important!

I thought you would find this article about protecting your credit interesting.

How to Effectively Manage Your Credit Reputation [Personal Finance] -

Monday, March 21, 2011

FDPOA or HCDPOA: Knowing the Power of Attorney Code Can Save Your Life

It's true. Knowing the code of Powers of Attorney, the difference between a FDPOA and a HCDPOA can save your life.

In estate planning, Durable Powers of Attorney are critical and fundamental. Every estate plan, if properly drafted, will consist of both of these documents.

FDPOA: The Financial Durable Power of Attorney.

A FDPOA or Financial Durable Power of Attorney represents your choice of financial decision makers for any period you cannot speak for yourself due to incapacity. Think of all the financial parts of your life, from paying your bills and other periodic payments to filing your taxes. Those things need to occur even if you are incapacitated. Your FDPOA can accomplish that for you.

HCDPOA: The Health Care Durable Power of Attorney.

A HCDPOA or Health Care Durable Power of Attorney represents your choice of health care decision makers to speak for you during incapacity. From medical treatment to living arrangements, decisions need to be made. If you cannot speak for yourself due to disability, your decision makers as listed in your HCDPOA can make these decisions for you.

So these letters: FDPOA and HCDPOA represent the Power of Attorney Code. Whether it's a FDPOA or a HCDPOA, knowing the code protects you and helps your family if you ever experience a disability which prevents you from speaking up for yourself. Knowing the code could save your life.

Let me know your thoughts about this and all of our articles. Join our conversation and leave your questions and comments or feel free to send me an email or give me a call. Thanks for reading.

Bernie Greenberg

Wednesday, March 16, 2011

Congress Puts Your Estate Plan on a Two Year Election Cycle: Here's How to Protect Your Family

You may have heard enough to make you nauseous about the 2010 tax act that changed all the rules we've ever known about estate planning. However, you may not have noticed that one of the most adverse parts of this new law is that your estate plan is now on a two year election cycle.

The 2010 estate tax changes expire on December 31, 2012. On January 1, 2013, all the estate tax and planning benefits of the new law disappear into the ether unless Congress passes a new tax bill before the end of 2012.

What this means is that estate planning has been placed on a two year election cycle by Congress. Whoever prevails in the 2012 elections will dictate what our new estate planning rules will be. No certainty, no continuity, no doing what's right for our country. Congress has geometrically increased the complexity of planning even the simplest estate.

There are several steps you can take to protect yourself and family from this latest example of Congressional foolishness. Here they are:

1. Make your estate plan flexible to respond to whatever Congress decides.

2. Consider building your estate plan so that Congress is removed from the equation. Avoid using formulas that are based on what Congress may change in the future.

3. Review your estate plan with your estate planner every election year.

4. Be proactive and not reactive. Plan before you need it when you are not acting under emergencies, disasters or family crises.

Let me know if you have questions about these four steps and how you can use them to protect your family.

Bernie Greenberg

Thursday, March 3, 2011

How to Choose the Right PR for Your Estate

I thought you might enjoy this article from the New York Times.

Choosing the right Personal Representative is a crucial part of your estate planning.

 How to Choose the Right Executor for Your Estate -