Educational Videos
Estate Planning:
Safety Pensions:
Community Property
Trust Basics 101
- The Importance of a Living Trust
- What Is in Your BCN Trust Portfolio
- How and When to Update Your Trust
- Successor Trustee Duties After Death of Settlors
- Community Property Vs. Separate Property
- The Difference Between an A & AB Trust
- Types of Distributions
- Special Needs Provision
Trust Documents
Main Trust Document
Certification of Trust
Schedule of Assets
Power of Attorney for Health
Advanced Healthcare Directive
Power of Attorney for Finance
PERS Special Power of Attorney
Last Will & Testament / Pour-Over Will
Schedule of Assets
Specific Gifts
Roles and Responsibilities
Grantors / Settlors
Trustees
Successor Trustees
Beneficiaries
Excluded Beneficiaries
Healthcare Agents
Guardians Ad Litem
Disability Retirement Benefits
-
Industrial Disability Retirement (IDR)
-
Non-Industrial Disability Retirement
Pre-Retirement Death Benefits
-
Job-Related Death – Special Death Benefit
-
Job-Related Death – Option 2W Benefit
-
Job-Related Death – Group Term Life Insurance
-
Non-Job-Related Death – Option 2W Benefit
-
Non-Job-Related Death – Return of Contributions + Interest
-
$5,000 Lump-Sum Death Benefit
1959 Survivor Benefit Program
-
1959 Survivor Monthly Benefit (if not covered by Social Security)
-
Spouse/Domestic Partner, Minor Children, Dependent Parents
Service Credit & Purchase Options
-
Redeposit of Withdrawn Contributions
-
Military Service Credit
-
Service Credit Purchase for Prior Public Agency Work
-
Conversion of Prior Local/State Misc Service to Safety
-
Service Credit for Leave Without Pay (LWOP)
-
Vesting Service (5 Years Rule)
Reciprocity Provisions
-
Public agency-to-Public agency reciprocity
-
CalPERS ↔ ‘37 Act county systems
-
CalPERS ↔ CalSTRS / JRS / UCRP
-
Lock-in of highest final comp across reciprocal systems
Community Property 101
-
What is community property?
-
How it applies to CalPERS Safety members
-
What is and isn’t divided
-
The impact of marriage timing and service dates
Divorce & Your CalPERS Pension
-
What triggers a community property hold
-
Why you can’t retire, refund, or change options during a divorce
-
How to remove a hold
-
What CalPERS needs to release benefits
Domestic Relations Orders
-
What a DRO/QDRO does
-
How to get one approved
-
What happens if you die before it’s finalized
-
CalPERS model language vs. custom legal drafting
Time Rule vs. Segregated Account
-
Time Rule Formula explained with simple math
-
Segregated accounts: what they are, and when they apply
-
Key differences in future COLAs, retirement timing, and flexibility
-
Which one might be better for each party
Divorce & Retirement Elections
-
When you need your ex’s consent
-
Restrictions on Option 1, 2, 3, or 4
-
Impact on survivor benefits and monthly income
Taxation & Beneficiaries
-
How payments to each spouse are taxed
-
Who can name a new beneficiary?
-
Long-term effects of a split account
BCN Financial Inc.
Registered Investment Advisor in California
Office: 510-876-1088
Fax: 510-769-8980
Email: [email protected]
Business Address
3215 Encinal Ave, Suite L,
Alameda CA 94501
Mailing Address
909 Marina Village Pkwy, PMB 245,
Alameda, CA, 94501
Securities provided through:
LPL Financial, LLC.
4707 Executive Drive
San Diego, CA 92121
San Diego: 800-558-7567