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Category: Inheritance

Retirement planning, family financial

A Guide to Your Inheritance

Before you begin to invest or spend an inheritance, it’s essential to know what type you will be receiving. Knowing what you will inherit and how it can be taxed gives you a much better picture of what to expect. This guide provides simple explanations for the most common forms of inheritance and their potential…
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Understanding Inheritance: Trust The Process

Inheriting money from a family member can be a blessing or a burden. How tempting is it to run out and put a down payment on a Mercedes-Benz or get that Cartier Love ring when a large sum of money suddenly appears in your account? As good as these material items may make you feel…
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‘Demand Inheritance’ Portfolio Stages

  The Legacy Stage (0-6 months): 100% Bonds- The Legacy Stage is a low-risk model of investing for those who have just received an inheritance. Safety, security, and short-term bonds are the focus of the Legacy Stage. Short-term bonds are fixed-income instruments that take less time to mature; lower risk/ lower return. These bonds can…
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Do I Need a Trust? Trust Me, Your Parents Don’t…

Top Reasons People Tell You to Get a Trust 1. To avoid probate. Oh no… probate… the last word anyone wants to hear when settling the estate of a deceased loved one. When mourning a friend or family member, visits to the courthouse to handle stacks of paperwork is the last thing a grieving beneficiary…
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What Happens to My IRA When I Die? – What Parents Should Know

When a parent dies there are many things to manage, and taking care of the finances can often be the most dreaded. From funeral preparation to paying off any debts, every added task can feel overwhelming. A parent with all accounts titled correctly or set up in a trust makes the transfer of accounts simple,…
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