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Tips on Managing Your New Inheritance

In Articles, Estate Planning, Wealth Management by Dannell Stuart

The last thing you want to do is add any extra stress to your life as a result of your inheritance. Hiring experts will help because they can educate you about what you should know about investing your windfall to give you the highest probability of achieving your short and long term goals. A financial advisor can help you plan …

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How to Select a Finance Firm

In Articles, Estate Planning, Investments, Risk Management, Taxes, Wealth Management by Seth Streeter

How many services does the advisor and firm provide? How are they handling your investment portfolio—by strategically placing you into outside funds or by being a “hands on” manager? Beyond investments, are financial planning, insurance, estate planning, tax, real estate and bookkeeping services also provided by the firm or its affiliates? Below are basic definitions of different types of advisors: …

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The New Way to Leave a Lasting Legacy

In Articles, Estate Planning by Seth Streeter

Many families today are looking for planning and legacy tools to supplement their traditional estate planning documents. Beyond making sure taxes are paid and distributions transfer smoothly, families care about sharing values and carrying forward a lasting legacy. Although most parents tend to have implicit goals for their children — financial, professional, spiritual, physical, social, and emotional — these big …

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The Divorce Is Final: Now What?

In Articles, Estate Planning, Taxes, Wealth Management by Julianna Rote

Here are some of the most common post-divorce tasks that should be on your to-do list: You will want to prepare a new will, health care directive, power of attorney and trust documents that reflect your change in marital status and heirs. It is common for spouses to name each other as the primary beneficiary on their retirement accounts. Unless …

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Charities and IRAs: Your Questions Answered

In Articles, Estate Planning by Mission Wealth

Can I make charitable contributions from my IRA in 2017? Yes, if you qualify. The law authorizing qualified charitable distributions, or QCDs, has recently been made permanent by the Protecting Americans from Tax Hikes (PATH) Act of 2015. You simply instruct your IRA trustee to make a distribution directly from your IRA (other than a SEP or SIMPLE) to a …

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For Those Who Follow

In Articles, Estate Planning by Brad Stark

Being in the financial industry, we are accustomed to settling estates, funding trusts, activating Trustees, liquidating assets to pay inheritance taxes, having beneficiary K-1’s created, administrative tax filings, and much more. Most people who follow have a tough enough time dealing with the grieving, let alone the administrative items associated with your death.  Therefore, here are some items you may …

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Financial Privacy

In Articles, Estate Planning, Wealth Management by Brad Stark

“There are two major items to protect when it comes to public exposure, your wealth and your potential incapacity,” according to estate planning attorney Gamble Parks of Fell, Marking, Abkin, Montgomery, Granet & Raney, LLP. The name of the game is “avoiding conservatorship and probate, which can be accomplished with properly effective powers of attorney (POA) and health care directives …