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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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Helping Your Parents with Their Financial Needs

In Articles, Estate Planning by Amanda Thomas

How many of us are at the age when our parents start to need a little help or oversight, but none of us have any idea how they are set up financially?  This is a very common issue, and one that can be a sensitive topic as many parents not only are wary of letting their children know too much, …

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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 …