FAQ

Legal FAQ’s 

• What happens to my assets if I don’t have a will? 
• If I become incapacitated and unable to make medical decisions for myself,
  what will happen? 
• When should I have an attorney review a contract? 
• What is a Trust? Should I have one? 
• How do I go about incorporating my small business? 
• I need to file bankruptcy, where do I turn?

Tax FAQ’s 

• Who can I claim as a dependent? 
• What deductions am I entitled to? 
• My parents gave my 13 year-old some stock. Are the dividends taxable?
  If so, do I have to declare the dividends on my return? 
• My wife and I file jointly and we realized a gain on the sale of our
  personal residence. How much of the gain is taxable? 
• Is the money I inherit taxable? 
• Should I open a Roth IRA? What is a Roth IRA? 

Identity Theft FAQ’s 

• What is Identity Theft? 
• To what degree are my assets at risk? 
• What is “phishing”? 
• Can someone steal my identity just by looking through my
  trash at home or work? 
• Is it OK to have my phone number on my checks? 
• If someone calls to verify my credit card or social security number, should I give it to them? 

Credit Counseling FAQ’s 

• As long as I can maintain the minimum payment, I’m OK, right? 
• How do I begin the process of taking responsibility for my
  financial situation? 
• What happens if I file bankruptcy? 
• Is counseling confidential? 
• What is a Debt Management Plan? 

Financial Planning FAQ’s 

• Is it a good time to refinance my mortgage? 
• Should I borrow money from my 401(K) plan? 
• Should I buy or lease the new car I want? 
• Should I save in my child’s name for college? 
• May I borrow from my retirement plan to pay for my child’s
  college tuition? 
• How much should I save for retirement?
  
  

Investment FAQ’s 

• I want to begin investing. Where do I start? 
• What’s the best strategy for building a portfolio to meet
  my objectives? 
• Should I buy the hottest stock/mutual fund from last year? 
• How much risk should I take based on my objectives and age? 
• What is the Rule of 72? 
• Is an annuity or life insurance policy right for me? 
• There are so many different types of mutual funds. How do I choose? 
• What is a REIT?