Don’t find out from the evening news that your financial advisor is actually running a ponzi scheme – 3 Reasons why your Assets are at risk from being lost, listen closely

    It was 9;49pm (yes at night) I couldn’t believe it when I got the frantic call from Wife of a business owner. ” I can’t believe it Joe, they put my money into what I thought were ‘non-risky IRA investments’”. I asked what happened. And as she explained to me how the investment advisor she had trusted for years had swindled her hard-earned assets right out from under her.

    Does this sound familiar? The client was actually receiving ‘interest/dividend’ checks that she thought were part of her investment. But the reality was, her initial investment of $215,000 was already lost. And the money she was receiving was only part of the ponzi scheme. Where, like Madoff, the investment advisor would pay her from other funds this advisor took from other unsuspecting clients.

 

Even more troubling is this client NEVER EVEN MET THE ADVISOR. He was from an alleged reputable investment company that transferred her assets when her husband passed on.

    If that wasn’t enough it gets worse, instead of taking social security this particular client was relying on the money from these investments. How many of us have said” well they sounded good at the time”?

    That’s what the clients of Madoff said. And it wasn’t until recently his whole ponzi scheme fell apart. He had some of the top names in the celebrity world investing in him.

    Ever hear of actor Kevin Bacon? Lady Victoria Rothschild? Actor star John Malkovich, Larry King, John Denver, the owner of the New York Mets, Sandy Koufax, famous baseball pitcher, just to name a few.

Listen in on what this Art Collector told Katie Couric.

Art collector Norman Braman, 76, who made his first appearance on the Forbes 400 in 2008, with a net worth of $1.7 billion after a frothy run-up in the value of his contemporary art collection, is also among those cited in the who’s who of Madoff victims. Today, we estimate, he is worth $1.2 billion.

In December, Braman told Katie Couric of CBS News he had known Madoff for years and had invested a “considerable amount” of money with him. “I want to see him pay for what he has done to all these people,” he told Couric.

Even the Monthly or Quarterly Statements

looked like they were ‘REAL’

The troubling thing with how scary Madoff’s financial statements he sent to his clients looked, was that they were ‘real’. He actually had the audacity to include ‘fake’ commissions and buy/sell orders. Every look at your statements? It’s an onerous task. I’m a CPA and an Attorney and get very confused by what the statements mean and shouldn’t mean.

Listen to one financial insider (name withheld) ” It’s my opinion that the financial industry is to some degree purposefully designing their statements so the average client doesn’t know what’s going on.”

 

Did you know that Madoff’s accountant was a family member, whose office was above a chinese restaurant!! He was allegedly running a billion dollar investment firm…

The question you have to ask yourself is ‘Joe, how do I protect myself and know my financial advisor is not like Madoff’?

 

 

Introducing the nation’s first ever

‘Independent Investment Advisor Protection Plan’™

Can you imagine having your life savings with one advisor and not knowing whether or not these assets are at risk? With the way home values have plunged now with the fear of a Madoff like asset loss what can you do.

There is hope. As an experienced Attorney/CPA I’ve created this program that will single handly verify whether your advisor is on the ‘FBI Watchlist’ and if he/she is prone to be involved with a ponzi scheme like Madoff.

Listen to what one of my clients said:

 

 

 

 

 

    “I had been involved with a 10 year litigation and cost me and my family more than $248,789, not to mention time away from my business, my passions in life, my wife, my family and numerous sleepless nights, had I of met Joe and consulted with him I would have gladly paid him to help prevent my 10 year litigation woes, …”

    GL Advisors, Inc.

    Tony M., Detroit, MI

To get your FREE REPORT on how you to can

Find out if your advisor is the next ‘Madoff’

Email us at contact@1estateplanningmichigan.com

 

Only limited to the first 8 who respond.

 

To your health and wealth!

 

Regards,

Joseph J. Dadich

Attorney/CPA

Creator ‘Independent Advisor Protection Plan’tm

 

 

Why my client says “My wedding couldn’t have happened without Joe”…

    I was at a great Wedding this past weekend. A very kindhearted client of mine was tying the knot with a great guy. Now the important part is the fact that this client and now friend (Liz S.) was in desperate need of someone finding out what happened to her Mom’s estate. This is where I come in. Almost one year had passed and her Mom’s estate still wasn’t settled and there was nothing being distributed to her.

She did have an estranged relationship with her brothers, who happened to control Mom’s estate, and they somehow believed that Liz ’shouldn’t be able to control her own money’. How crazy is that? The evil brother was controlling Mom’s estate but never sold any of the stocks. Anyone know what happened to the stock market after Sept. ‘09? You guessed it. The Estate took a $189,877 hit! Yikes imagine you losing that much money because of an evil siblings personal gripe.

“We always thought my brother was going to do the ‘right’ thing with Mom’s assets. But never thought he would go to this extremes. Only 46 days after Joe got involved we saw our initial distribution and then 2 weeks after that the full estate was distributed. I couldn’t believe it! And because of it, I was able to get married and now move into a bigger home, finish my nursing degree. It’s truly amazing at what Joe was able to do for us. I would recommend him to anyone that wanted to protect themselves from the evil doers of the world.”

 

 

The moral of the story is as a beneficiary of an Estate and/or Trust you need to get someone involved BEFORE they assets decrease before YOU TAKE ANY MONEY OR PROPERTY.

Get my FREE REPORT ‘ 3 Critical Mistakes beneficiary’s make after a loved one dies’ Due to limited availability this is only open to the first 8 who respond. Email us at contact@dadichlaw.com

 

 

3 Reasons why you want should not have your Trust as Beneficiary Of Your IRA?

In the complex world of taxes, you have a number of choices when it comes to selecting a beneficiary (or beneficiaries) for your IRA. Some are appropriate. Unfortunately, some are major mistakes and can lead to delays and expenses in getting the funds to your desired recipients.

Some may even exclude some of your desired beneficiaries. In addition, some elections are for estate planning purposes. Let’s take a look at your options.

If you have No Beneficiary

Not recommended. This mandates your IRA be distributed according to your will, if you have one. If you don’t, each state has “intestate” rules that divide your estate up in ways you wouldn’t ever want. I had a client out of New Jersey who’s dad had this issue when he died and unfortunately caused a $1.45mm tax over 5 years and no compounding effect.

An IRA with no beneficiary must be distributed within five years. By contrast, a named beneficiary can spread the distribution out over the balance of their life expectancy.

If you only name Your Estate

This has the same effect as the beneficiary is the same as not naming one. The rules require a “named” beneficiary. Now your IRA goes through the probate process. This costs money, takes time and subjects your IRA to your creditors.

The IRS has complex guidelines on how a Trust can qualify as a beneficiary of your Trust. Do you really want to leave this to cance? What’s more, is why would you pay money to be represented by an attorney and have a judge in some probate court decide whom your beneficiary will be?

Why should your beneficiaries have to wait around for your estate to be closed? What if your will is challenged? What if you have a big estate with estate taxes due and the IRS is questioning the valuation of your business? I have seen estates open for as long as ten years as the debate goes back and forth between your attorney and the IRS. The worst case I can think of is your IRA completely eaten up by legal fees inasmuch it may be the only liquid asset.

Name your spouse as primary

This is the most common designation and makes the most sense for a number of reasons.

If the spouse is the sole beneficiary, he or she can elect to treat the IRA as his or her own. This opens up the possibility of delaying the start of the required minimum distributions (RMDs). This could be the spouse’s age 70 1/2, or for a Roth IRA, all the way to the death of the spouse. It also allows further “stretching” of the IRA as the spouse can spread the RMDs over their lifetime plus the lifetime of a beneficiary.

If the spouse is more than 10 years younger than a non-Roth IRA owner, their life expectancy can be used. Beneficiaries other than the spouse, who are more than ten years younger than the IRA owner, are treated as being no more than ten years younger for RMD purposes. This is another “stretching” advantage for naming the spouse as beneficiary.

Naming Children

If there is more than one child named, the youngest age is used for RMD purposes. However, if the children are beneficiaries of a trust, the oldest age is used.

If children are beneficiaries, they can take the RMDs over their life expectancy. Since the RMDs are very low at the younger ages, the account can grow substantially over the years. For example, a $100,000 IRA could distribute literally millions of dollars over the lifetime of a young beneficiary.

Grandchildren

Naming a grandchild gets into the generation skipping transfer tax area. But each person has a lifetime generation-skipping transfer tax lifetime exemption of $2,500,000 (in 2009). In any case, I would consult a tax attorney to make sure this beneficiary election coordinates with the balance of your estate plan.

Because grandchildren are even younger than children are, the lifetime income potential from RMDs would floor you. I can show you an example of the same $100,000 IRA used above as an example that would pay out 20 million dollars to a grandchild over their lifetime under the right circumstances.

The information was provided by Joseph J. Dadich, Esq. Expert Author/Attorney/CPA

Creator of ‘Emergency Estate Planning Documents’™ Get your FREE CD ‘Divorced senior loses more than $487,877 of Mom’s inheritance to Evil Sister – even when Mom had a Will’ and $2,188 in Bonuses at www.1estateplanningmichigan.com or www.15criticalpoints.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Why Obama’s social agenda is making Baby Boomer’s rethink their retirement process – and how to effectively outrun his taxing ways

Why Obama’s social agenda is making Baby Boomer’s rethink their retirement process – and how to effectively outrun his taxing ways

Reinventing yourself in a new world of work

Once upon a time — well, a generation or two ago — a person’s career path was clear. You went to

school and completed some necessary level of education to get a job, and then settled in for the next 30 or 40 years, steadily climbing the ranks at a company that rewarded your loyalty and recognized your contributions. When it was time, you retired, received a pension check and the gratitude of your employer.

Today, we hear more about early retirements, corporate cutbacks, downsizing or restructuring — and boomers have discovered that the old world of work has changed.

Also, the most recent Bureau of Labor Statistics numbers, 3.8 million workers were displaced from jobs they held for at least three years during the period from January 2003 through December 2005. Whether they choose to or not, workers today are expected to make three or more career changes during their working lives.

 

According to a Towers Perrin study conducted for the AARP, 69 percent of boomers aged 45 through 74 who are working or looking for work say they plan to work in some capacity during so-called retirement.

You know what that means?  They presumable will be more prone to injury’s on-the-job and will earn more money thereby taxing their existing social security.  Is this what you want?

 

Here’s a refresher

“Employers are starting to figure out the value of older workers because it affects the bottom line,” Abrahms says. “Boomers have a lot of institutional knowledge, and employers are realizing that’s essential.”

I mention this from the standpoint of, if baby boomers (parents and grandparents) are working more, more prone to health issues, and taxes, how can we protect them and their hard-earned assets?

 

I have the cure for that.  One of the biggest concerns baby boomer’s have, is ‘cost’.  I get this all the time, ‘Why do I get charged every time I go back to the attorney, I thought once my will/trust was signed it’s done with?’

 

That is the falsity created by many decades of ignorance, in my opinion, from so-called expert estate-planning attorney’s.  I’ve taken the approach that if I can help family’s cope with this issue then not only will it help the family and ultimately their children’s inheritance, but I will sleep well at night.

 

Here’s what you do.  Make sure your attorney has what’s called ‘Certificate of Guarantee’. We offer 3 free updates at a $5,400 value.  You need your attorney to put this in writing immediately.  Stop delaying.

 

That’s the tip of the week, if this was helpful go to our site for more freebies to help protect you and your baby boomer loved ones.  www.1estateplanningmichigan.com or www.15criticalpoints.com

 

Get your FREE REPORT ‘Discover how a divorced, 66 year old retiree had her inheritance of more than $487,888 STOLEN – and how you can prevent it, for the price of a latte a day’  Plus for the first 8 who respond to my FREE E-TIP membership you will get a FREE Critical Estate Planning Document ‘Life-Saving Medical Power of Attorney’ a $877 Value.

Email contact@1estateplanningmichigan.com or fax over your letter to 248.479.1710.

 Regards,

 

Joseph J. Dadich

Expert Author/Attorney/CPA

Probate Insider reveals ‘10 top Mistakes baby-boomer clients make’

TOP 10 Estate Planning MISTAKES

MY PROSPECTS MAKE

I’ve seen it all with baby boomer clients – men and women.  Some clients have said that they’ve been “meaning to get around to it.”.  Which I respond with “we can wait until your dead then i’ll make more money!!”  Of course, my intention is not to make more money or I would just advise clients to set up a Will and be done with it.  But that’s not how this works.  I want to protect your asset from the evil doers of the world.  The Evil Sisters and family members who like to take advantage of less-abled siblings and family members by stealing away their inheritance.  To some it may just be making sure they get Mom’s China Set in the kitchen.

 

Anyhow, here are the Top 10 Estate Planning Mistakes baby boomer clients make – and how to fix it’.

1.         Waiting to get their Estate Plan set-up before it’s too late. (when you’re dead it’s very difficult to sign documents)

2.         Listening to a financial advisor give Estate Planning advice.

3.         Creating joint bank accounts with your kids and/or loved ones and not indicating in your estate plan your intent.

4.         Not properly transferring assets into your Trust (when it’s created of course).

5.         Being too cheap on your Estate Plan and thinking it will work when you want it to.

6.         Not listening to your children or loved ones when they tell you to make sure you have a plan in place.

7.         Not reading enough about the process and what can happen.

8.         Relying on hospitals for your medical healthcares directives .

9.         Not loving your minor kids enough to plan for them not to be in a FOSTER CARE HOME WHEN YOU DIE.

10.       Disinformation – ie. Relying on newsmakers who are really financial advisors but giving incorrect legal advice. (ie. Suzie Orman)

 

Get your FREE REPORT ‘Discover how a divorced, 66 year old retiree had her inheritance of more than $487,888 STOLEN – and how you can prevent it, for the price of a latte a day’  Plus for the first 8 who respond to my FREE E-TIP membership you will get a FREE Critical Estate Planning Document ‘Life-Saving Medical Power of Attorney’ a $877 Value.

Email contact@1estateplanningmichigan.com or fax over your letter to 248.479.1710.

Discover how baby-boomers can stop the penny-pinching IRS from grabbing 70% of your IRA when you die!

 10:37amany individuals see their family physician when there is some kind of persistent pain or discomfort. And at this time there are very little one can do after the loved one has passed away or becomes incapacitated. One such area of planning is referred, IRA Planning. Typically, there is special attention needed due to the complexities under the law. There are millions of baby boomer’s retiring over the next 10 to 20 years. And if you don’t have the proper plan in place, all your hard work to protect your assets for loved ones will be lost.

Dear Friend

M

As stated in our title, up to 70% of one’s IRA can be wasted by Federal and State Estate Tax (approx. 50% depending on your State of domicile), and Income Tax (approx. 21 %) to the ultimate beneficiaries. Many individuals have attended seminars and read literature attempting to relate to the concept of ‘Stretching-Out” one’s IRA. What you aren’t told is that there is a proper way of setting up your estate plan (including the

beneficiary designation forms)  

 Stop

YOUR IRA’S. CALL OUR FIRM TO SET-UP AN APPOINTMENT BEFORE IT’S TOO LATE.

 

 

If there was a way for you to ensure that your IRA’s, when properly inherited by your beneficiaries, were protected from a child’s 

divorce or mismanagement, wuldn’t you want to know about it ? And what if there was a method to allow flexibility in your estate plan to allow your trustee to create additional protections, even after something unfortunate has happened , at the same time as allowing your children to have access for health, education, maintenance and/or support? Assume the following facts: Mom is age 65 and has a $250k IRA, which includes money rolled over from her deceased spouse or from her own company retirement plan. We will assume that over time she enjoys 8% annual growth of the account. At age 70 ½ the account would be worth $396,000. If she starts taking her RMD’s (Required Minimum Distributions) the IRA will continue to grow since based on the tables as calculated by the IRS she only has to take out 4% (compared to the growth rate we’ve assumed at 8%). If she passes away at 80, the inherited IRA is approximately $541,000. If the child continues taking his/her RMD’s (based on his/her life expectancy, by the time they are 80 they would have taken out a 2.9 million and will still have over $700,000 remaining to pass down to their children.  What if there was no planning done for our above example? (what if this was you or a loved one?) 

What if the 45 year old cashed-in his IRA and spent it on various needless costs? (new car, boat etc.) Or worse yet what if your child goes through a divorce ? Do you want your child’s share to potentially go to an ex-in-law.

You should be consulting our firm to have a Stand-Alone IRA Trust created for you. Since, there are many advantages this 

type of trust has over your standard revocable living trust.  Don’t you owe it to your loved ones to have that piece of

mind that your IRA is properly planned?

 

 Sign up for our FREE Weekly Estate and Life Planning tip for busy parents and grandparents. 

Email Mr. Dadich to get on our next Teleseminar at contact@15criticalpoints.com

Dadich & Associates, PLLC specializes in helping family’s transfer IRA’s to their loved 

ones. Joseph J. Dadich truly believes that a family with concerns about their IRA should seek a qualified

estate planning attorney. One that understands the tax ramifications along with estate and asset protection

issues. Rest assured, that Mr. Dadich is this qualified individual, with his background as a CPA

and LLM in Tax. We also specialize in Contested Probate litigation. Don’t let your estate end up in probate court as we’ve seen in celebrity cases. Call now for a free report on the 4 crucial items every estate plan needs to stay out of probate court!

 

 

 

 

to ensure this happens. This is critical, and this is where your team of financial advisors, estate planning attorney and CPA’s/Accountants should be showing you how and why IRA assets are titled in a manner consistent with your intentions and goals. Many family’s and their financial advisors, believe that merely naming the children as IRA beneficiaries is sufficient to assure the stretch-out. READING AND FIND YOUR BENEFICIARY FORMS THAT YOU SIGNED WHEN YOU SET UP

3 Estate Planning Myths Exposed – your attorney doesn’t know

Imagine this:  A young family (Husband is 33 and Wife is 32) with two small kids.   They thought they had everything taken care of by way of their estate plan.  Being young, they too thought they were invincible.  Then it happened. In the cold dark of the night, an ananomly is what the Dr’s called it.  Husband had suffered a life ending seizure.  I too couldn’t believe it, like most of you reading this. True story, by the way to one of my good friends from High School (and elementary school days).

Like most of my friends and family they know I created the ‘20 Minute Emergency Estate Planning Series’ that protects family’s assets from the evil grips of the IRS and thieves. 

It’s been documented that more than 70.6% of family’s HAVE NO WILL OR TRUST or even a ‘Life-Saving Medical Release tm’  to have 24/7 access to urgent medical records when you need them.  (In a recent stuy, less than 88% of alleged Estate Planning firms ACTUALLY offer a ‘Life-Saving Medical Release with 24/7 access.  This is one critical reason my ‘Emergency Estate Planning Series’tm has gone through the roof and how i’m leaving my competitors in the 1990’s dust.

Myth #1:  One critical item in our nationally sought out ‘15Critical Points to Every Estate Plan’ we illustrate how 93.5% of Wills and Trusts in existence today are set to fail.  Due to not have any type of update in place.  We are one of the few firms that provide a PERSONAL GUARANTEE for FREE UPDATES.  Get more on this at www.1estateplanningmichigan.com

Myth #2:  Your Trust and Will are set to become a very large annuity for your estate planning firm and they know it.  Unless there are provisions within your plans to ENSURE the Trust doesn’t fail like 93.5% are set to do.  Due to this oncoming apacolypse, I’ve developed the nationally sought out and unique ‘15 Critical Points EVERY estate plan needs but less than 6.5% have’.  Due to the demand for this FREE Report we are only limiting it to the first 24 who respond at www.1estateplanningmichigan.com  (now I’m under a duty to warn you that this goes out to close to 2,387 recipients so I would rush to my email directory (hotmail, outlook, gmail etc.) and get your clients this link.  BEWARE OF IMITATORS.

For Myth #3 please contact us at contact@15criticalpoints.com and we will forward the 3rd and most-explosive Myth that your attorney doesn’t even know about. 

Wishing you success and happiness,

Joseph J. Dadich                                                     

Pioneer ’20 Minute Emergency Estate Planning Series’                                                                               Creator ‘Retirement Plan/IRA B.R.A.T. tm system to protect from the greedy penny-pinching IRS from grabbing 70.5% of your hard-earned retirement assets’

P.S. Get in on our chance to win a FREE Vaction worth $2,780 on May 22, 2009. All you need is a phone and a chair!!!!   Once in a lifetime opportunity.  Due to my schedule I’m only offering 23  ( only have 18 left and we just launched it last week)  family’s the chance for this, email my staff  contact@1estateplanningmichigan.com (also offered to family’s located outside of MI just let us know as we have affiliates across the Country)

P.S.S. Become one of the first 97 to buy our nationally acclaimed soon-to-be-released ‘Discover the dirty little IRA secret the government doesn’t want you to know about’ book.  Authored by yours truly.  This book is literally already changing the ira/retirement planning landscape.    

P.S.S.S. We only have 8 enrollment spots left for our Gold and Platinum Membership.  Our next featured conference call is with Troy Dunn ‘Young Bucks - How to raise a millionaire’.  You won’t want to miss this…