CaMu Financial / Dr. Mikhail the founder

CaMu Financial & Dr.Rafeek Mikhail serve as the chairman of the educational department of the society of certified retirement financial adviser. Dr. Mikhail & CaMu Financial conducting mentoring classes nationwide for financial advisers & insurance agent on the behalf of some of the biggest financial & insurance marketing organizations as well as insurance company about how manage your business ethically & how you handle your client retirement & savings.

November 23, 2013 at 7:13 pm Leave a comment

What is a Living Trust? Presented by CaMu Financial & Insurance Services, Inc.

California-based CaMu Financial & Insurance Services, Inc., offers clients a wide range of services intended to preserve and promote the growth of their assets. CaMu Financial’s team focuses on estate planning, insurance, investments, and education for clients while working to offer clients ways to protect their wealth from taxes and other diminishing factors.


Also called a revocable living trust or a family trust, a living trust is a legal arrangement that holds a person’s assets and real property. When a person creates a living trust, he or she transfers ownership of their assets and properties to the trust in a process known as “funding” the trust. The person establishing the trust retains control over the assets and investments, including buying, selling, borrowing, and transferring assets.


In many ways, a living trust functions much as a will does, including offering instructions for how the property should be distributed upon the individual’s death. A living trust offers the advantage of preventing assets from going through probate or being controlled by the courts at incapacity. A living trust also allows a person to retain control over the assets left in trust.


When a living trust is created, the person funding the trust is known as the grantor. In addition, this person selects one or more trustee(s) to control the trust’s assets. Generally, the trustees are the same people as the grantors while the grantors remain alive. Living trusts also identify successor trustees, who will take control of the trust’s assets when the original trustees become deceased or incapacitated. A living trust also designates individuals or organizations as beneficiaries. When the grantor passes, these people receive the trust’s benefits.

November 18, 2011 at 6:10 am Leave a comment

Converting a Traditional IRA to a Roth IRA

CaMu Financial & Insurance Services, Inc., offers clients access to asset management and estate planning solutions that provide them with guaranteed sources of continued earnings throughout their retirement years. The Taxpayer Relief Act of 1997 contains a key provision that allows the rollover of a traditional IRA into a Roth IRA. Of the 11 types of IRAs available, traditional and Roth IRAs are the most common, and each has distinct benefits and drawbacks. Traditional IRAs offer tax-deferment benefits until retirement, generally age 59 and 1/2, when the money can be withdrawn penalty-free. On the other hand, Roth IRAs are not tax deductible initially but are completely tax-free at the time of withdrawal. This includes all earnings, as long as the Roth IRA has been established for longer than five years and the withdrawal is not taken early.

Converting to a Roth IRA affords distinct tax advantages for many, but not for all. The benefits of converting from a traditional to a Roth IRA are highly dependent on a number of factors, including projected retirement income tax liabilities and current income tax rate. A Roth IRA rollover generally makes sense for those who expect to be in a higher tax bracket, or expect taxes to have risen, when they withdraw their money. The Roth IRA rollover is not for everyone; some lack sufficient disposable funds outside of IRA accounts to pay the income taxes due when the rollover takes place. The positive news about this one-time tax payment is that it functions as an additional contribution to the Roth IRA, compounding tax-free until withdrawal. To learn about retirement planning solutions that go beyond a Roth IRA rollover, consult with an experienced financial advisor. CaMu Financial’s certified retirement specialists offer complimentary, toll-free consultations at 877-368-6464.

November 18, 2011 at 6:06 am Leave a comment

Setting Up a Living Trust or Will

Santa Clarita, California-based CaMu Financial & Insurance Services, Inc., offers clients comprehensive retirement planning and wealth management services. Our expertise extends to living trusts and wills, which allow individuals to provide for their family and loved ones as well as exert control over their property after they pass away. At CaMu Financial, we work closely with clients in determining strategies that will assure timely distribution of wealth in accordance with their wishes.

Wills and living trusts are very distinct from one other, and careful consideration is needed in developing the optimal inheritance and estate-planning strategy. A will is a signed and witnessed written document that sets out how property will be distributed at the time of death. Wills can also specify a legal guardian in case of children who are minors. Wholly revocable, wills are amendable at any time and for any reason.

As a flexible and sophisticated property management instrument, the living trust is a necessity for families with substantial assets. It establishes management of property both during the individual’s lifetime and after his or her death. Those who draw up a living will are allowed to serve as their own trustee. The living trust instrument continues after the trustee’s death through a named successor, often a spouse, son, or daughter. In cases of disability through accident or illness, the successor may manage the trust as well.

Benefits of living trusts include keeping financial affairs private, avoiding probate on assets, and establishing a contingency plan in case of incapacitation. Living trusts also effectively double estate tax exemptions, an important consideration for families with significant assets. Despite these evident advantages, there are significant limitations to living trusts as well. The living trust requires active management and is more expensive to set up and maintain than a will.

Every living trust must be funded, as the assets under its control are limited to those specifically placed there. A well-crafted living trust requires the participation of an experienced and knowledgeable financial advising firm. Wills and living trusts are by no means mutually exclusive. Living trusts can be tied in with wills and power-of-attorney documents. This helps overcome the inherent limitations of living trusts, such as inability to name guardians for children.

Contact CaMu Financial & Insurance Services’ financial advisors at to receive complimentary consultation on wills and living trusts.

August 24, 2011 at 6:00 pm Leave a comment

Accessing Life Insurance Policy Benefits Early Through Life Settlements and Viatical Settlements

Santa Clarita, California-based CaMu Financial & Insurance Services, Inc., offers a wealth of financial, retirement, estate planning, and insurance services. One question that purchasers of life insurance frequently have is whether they can utilize the benefits of their plan while still living. While not automatic, this is certainly possible as an accelerated death benefit (ADB) rider on many plans. An ADB allows the use of up to 50 percent of death benefits in cases of terminal illness, long-term nursing care, and other specified health conditions.

Even without having built the ADB feature into a life insurance plan, there are other ways of accessing early benefits. The two most common strategies are through life settlements and viatical settlements. A life settlement allows the individual to access a one-time cash payment for his or her life insurance policy. The amount offered by a third-party company will be less than the death benefit and more than the policy’s cash value. Between these two guideposts, there is a wide variation of payment amounts. This happens because the life settlement amount offered reflects the current value of the policy, based on estimated life expectancy. The chronically or terminally ill individual will be offered a greater amount for the policy.

There are often tax liabilities on the lump-payment sum, although portions used to pay for long-term health-care needs may be tax-exempt. Life settlements are generally restricted to men age 70 and older, and to women age 74 and older. A viatical settlement involves a similar method of selling the life insurance policy to a third party but is limited to the terminally ill. The phrase “terminally ill” means that an individual has been diagnosed as having less than two years to live. As with life settlements, the amount received depends on life expectancy. The third-party company pays all remaining premiums, plus a one-time lump payment, in return for receiving all death benefits.

A significant difference from life settlements is that the money received from the viatical settlement is tax exempt, except under specific conditions. Viatical settlements are less frequently awarded than life settlements, with less than half of applicants approved. Both types of one-time settlements present the significant drawback of eliminating any death benefit from the policy to heirs. In exploring using life insurance policies prior to death, we recommended consulting with an experienced financial advisor. Accredited by the Better Business Bureau, CaMu Financial offers free initial consultations to clients with questions on how to best manage their financial future. 

August 24, 2011 at 7:43 am Leave a comment

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May 9, 2011 at 10:27 pm Leave a comment

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