Timothy Sumer

Issues with Joint Ownership | Owning A Property Jointly With Someone Other Than A Spouse Joint Ownership is great for Married Couples, but not so good for anyone else. Attorney Chris Berry discusses several problems with naming someone other than your Spouse jointly to your Assets, in this episode of Daily Wisdom. Castle Wealth Group and Christopher Berry have been helping families with estate planning, elder law, retirement planning , tax planning, and asset protection. It has been their goal to help you keep more of what you worked so hard to earn. Visit our websites to learn more #jointownership... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Joint ownership of property with someone other than a spouse can often lead to several issues and complexities. While sharing ownership of a property may seem like a practical solutio...

What is a Medicaid Compliant Annuity? In this episode, Chris Berry answers: What is a Medicaid Compliant Annuity and how does it work? ___________________________________________________________________________ Attorney and Financial Advisor Christopher Berry of Castle Wealth Group answer questions on retirement and estate planning every Wednesday at 1pm. Register here or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning, and tax planning from their Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices. Castle Wealth Group helps families with their legal, financial, and tax planning for their retirement and legacy. With the use of legal structures like revocable living trusts, Castle Trusts (asset protection trusts), Chris Berry and Castle Wealth Group can help your family plan, protect, and preserve what is important through their Retirement and Legacy Bluepri...

Weekly Wednesday Wisdom Webinars April 26, 2023 Certified Elder Law Attorney and Certified Financial Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm www.wisdomwebinar.com to register or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning , and tax planning from Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices. In this week's webinar, Attorney and Advisor Chris Berry of www.castlewealthlegal.com answers the below questions. 0:00 Introduction 3:09 What is involved in funding a Trust? 9:48 Getting I Bonds from a tax refund, how do I add those to the Trust? 11:29 If I have too many credit cards more than I need, does that help or hinder the credit rate? 12:26 Are you concerned about the dollar remaining the reserve currency, is there anything we should be doing to prepare in case it ...

Should a trust be named as beneficiary of an IRA? In this episode, Chris Berry answers the question: Should a trust be named as beneficiary of an IRA? ___________________________________________________________________________ Attorney and Financial Advisor Chris Berry of Castle Wealth Group answer questions on retirement and estate planning every Wednesday at 1pm. Register here or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning , and tax planning from their Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices. Castle Wealth Group helps families with their legal, financial, and tax planning for their retirement and legacy. With the use of legal structures like revocable living trusts, Castle Trusts (asset protection trusts), Chris Berry and Castle Wealth Group can help your family plan, protect, and preserve what is important through their Retirement and Lega...

Do IRA and 401K Differ in Terms of Creditor Protection? Both IRA and 401K are what's called Qualified Accounts. Qualified Accounts have no Medicaid/Long-term Care protection. If you were to need Nursing Home Care, anything inside your IRA or 401k would have to be spend down, whether it's in your name or in your spouse's name. They are both countable assets, meaning they count towards that nursing home or Medicaid protection. But what they do offer is a form of creditor and bankruptcy protection. But there is a difference. 401k falls under ERISA, so they fall under Federal, while IRA falls under State Law. Another interesting distinction is that IRA's is protected up to $1.3 million from creditors and bankruptcies, while 401k's have unlimited protection. So if protection from bankruptcy and asset protection is very important to you then maybe that is a reason why to keep money inside a 401k. Keep in mind that even though you do have this Creditor Protecti...

How to fund a Roth IRA? How do I get money into a Roth? There are 2 options to get money into Roth. 1. Roth Contributions -this is how you do it while still working. -Limited, base on your income. -cap at $6,000 to $7,000 base on your age. 2. Roth Conversion -while working or retired. -moving money from a tax-deferred account to convert to a Roth. __________________________________________________________________ Castle Wealth Group and Christopher Berry have been helping families with estate planning, elder law, retirement planning , tax planning, and asset protection. It has been their goal to help you keep more of what you worked so hard to earn. Visit our websites to learn more #roth #rothira #fundingaroth... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Funding a Roth IRA is a great way to save for retirement. It offers tax...

Weekly Wednesday Wisdom Webinars January 4, 2023 Certified Elder Law Attorney and Certified Financial Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm www.wisdomwebinar.com to register or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning , and tax planning from Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices. In this week's webinar, Attorney and Advisor Chris Berry of www.castlewealthlegal.com answers the below questions. 0:00 Introduction 3:01 What is new with Secure Act 2.0? 14:57 What should we be looking at for 2023 in terms of planning? 21:41 Change of rule by the Labor Department regarding retirement fund? 24:13 Question about Interest rate increases Visit our website to learn more ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: G...