Address Your Pet In Your Estate Plan Using A Pet Trust
If you’re an animal lover, a pet is a member of the family. So you want to ensure that your beloved pet is cared for after you’re gone. One way to do so is to make…
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Estate Tax Relief For Family Businesses Is Available … In The Form Of A Deferral
If a substantial portion of your wealth is tied up in a family or closely held business, you may be concerned that your estate will lack sufficient liquid assets to pay federal estate taxes. If that’s…
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Don’t Overlook Tax Apportionment When Planning Your Estate
If you expect your estate to have a significant estate tax liability at your death, be sure to include a well-thought-out tax apportionment clause in your will or revocable trust. An apportionment clause specifies how the…
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Acquaint Yourself with the Roth IRA as an Estate Planning Tool
A Roth IRA can be a valuable estate planning tool, offering the opportunity for tax-free growth as long as it exists and requiring no distributions during your life, thus allowing you to pass on a greater…
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Be Aware of the Ins and Outs of Holding Joint Title to Property
Owning assets jointly with one or more children or other heirs is a common estate planning “shortcut”. But like many shortcuts, it can produce unintended — and costly — consequences. Advantages There are two potential advantages…
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Estate Planning
Private Reverse Mortgages Reverse mortgages, usually obtained from financial institutions, allow people who are at least 62 years of age to convert their home equity into cash, which is received by the homeowner either as a…
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Estate Planning – From USA.GOV
Information in this post found on: USA.GOV It’s unfortunate how many people believe that estate planning is only for wealthy people. People at all economic levels benefit from an estate plan. Upon death, an estate plan…
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Properly Funding Your Revocable Trust Is The Key To Unlocking Its Benefits
If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in…
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Organize Your Estate Planning Documents
If, like so many, you are prone to disorder in the keeping of important documents, assuming that you keep them at all, you may be well past due for a makeover of your estate plan and…
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