Mike Piershale on “Mike in a Minute:” Tackling inheritance issues

In our most recent “Mike in the Minute” segment, Mike explains why financial advisers are essential during inheritance cases.

Mike explains the dangers of young heirs receiving a large sum of money and not knowing how to invest it. In the video, Mike suggests heirs hire a qualified financial adviser to help them make responsible financial decisions. For example, heirs benefit from establishing a retirement plan, because these accounts provide specific tax advantages for them.


What would you like to hear Mike explain in under a minute? Leave it in a comment and you might just see it as a segment on our YouTube channel.

Mike Piershale on “Mike in a Minute:” Estate planning mistakes

In today’s edition of Mike in a Minute,” Mike examines common estate planning mistakes made by married couples.

Listen in to hear Mike elaborate on the disadvantages of having assets go through probate and how the process impacts an heir’s inheritance. He’ll also weigh in on how married couples can avoid unnecessary expenses and advises couples to consider re-titling their assets into a trust for protection.


Find more “Mike in a Minute” segments on our YouTube channel.

Mike Piershale introduces “Mike in a Minute,” a video series answering your questions on personal finance

Mike Piershale, president of Piershale Financial Group, will be featured in his very own Skypecast series, “Mike in a Minute.” The series will address the top questions in personal finance today -- in 60 seconds or less.

In our first segment, Mike offers insight on inherited IRAs and why it serves as a powerful tax shelter for heirs. Weighing in on the differences between inherited IRAs and traditional IRAs, Mike mentions that heirs are forced to take minimum taxable distributions every year with an inherited IRA account. However, he explains that these taxable distributions provide opportunities for heirs to avoid major tax losses.