Are you a ‘millionaire fed’?

Should you set up a trust to manage your assets? Estate planner Tom O'Rourke says yes and he explains why when he joins host Mike Causey on this week's Your Tur...

Many feds go through life thinking of themselves as the poorer people in their nice neighborhoods. But over a long career (which is not all that unusual) many feds unwittingly build themselves substantial estates. They don’t think of themselves that way, but Tom O’Rourke, an attorney based in Rockville, Maryland, says feds should treat themselves — and their estates — with more respect.

He’s going to be on our Your Turn radio show  Wednesday at 10 a.m. The subject is you. Your money. Your Retirement. Your Estate.

O’Rourke tells his federal clients that trusts are not just for rich people. Rich being anybody who makes 20 percent more than you do. He’s going to talk about how a trust can help you manage your assets “and to expedite the distribution of those assets following your death.”

Finally, he points out that your federal benefits package “should be the foundation of your financial, tax and estate plan.” That often surprises feds who take the package for granted and don’t see it as the bedrock of all their financial planning. If you have questions for O’Rourke, you can send them to Mike (before show time) at: mcausey@federalnewsradio.com, You can listen live at www.federalnewsradio.com or, in the DC area, on 1500 AM.  You can also dial 712-432-5393 to listen live from any phone.

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