Reviewing your Homeowner's & Auto Insurance

Have you reviewed your coverages recently? If not, it's now time.

I have written in prior articles about the importance of keeping all of your planning current. This is actually quite easy if you follow the critical step of reviewing your planning periodically.

In our litigious society, this is even more important with your homeowner's insurance and auto insurance!

These insurance coverages will not only protect you and your assets, in most states having auto insurance is the law.

So how do you get these coverages reviewed? You call your agent, or if you don't have an agent, I recommend that you call the insurance expert that we use and refer our clients to. That person is J.P. Gudka in Colorado. You can reach J.P. by calling 303-752-2999.

Reviewing these two insurance coverages will allow you to feel comfortable about protecting your family and assets. So if you haven't done your 2009-2010 review yet, please, for the sake of your family, get it done soon.

Thanks as always for your interest and support.

So What Else is New? No New Good News Out of Washington on Estate Taxes

I wish I had better news to report to you on estate tax developments. There is none. There is no movement in Washington to fix the federal estate tax mess that Congress created.

We assumed that after health care reform, Congress would take up the estate tax and actually fix their mess. So far, that assumption is not correct.

What should you do? If you haven't reviewed your plan to learn how it is affected by the 2010 and 2011 estate tax changes, it is imperative that you do so ASAP. Call me with any questions.

Estate Planning News for March 26, 2010: READ NOW!

Estate Planning News for March 26, 2010

Due to congressional inaction, the world of estate planning, as well as your estate remains in total upheaval for 2010. Here is a list of issues to focus on:

1. Our Client Alert concerning the 2010 estate tax changes remains in effect. If you haven't reviewed your existing plan to understand how it is affected by the 2010 estate tax rules, it is time to do so now.

2. The 2011 estate tax changes (in current law) are even worse. Even if your estate plan works for 2010, is it flexible enough to deal with the coming estate tax disaster that is 2011? If you don't know, it's time to find out.

3. Many people have still not revised their Powers of Attorney to incorporate HIPAA provisions. This is vital for you and your family. If you haven't revised your Powers of Attorney, it's time to take care of this issue.

4. Congress has passed the health care bill and the president has signed this sweeping and in many cases life changing legislation. Stay tuned for more reports on how this affects your estate planning. One area you will notice right away is the federal government's take over of your diet. More on this alarming change soon.

Call or email me at any time with questions or to discuss these issues. Thank you.

Bernie Greenberg