Many financial institutions allow account holders to sign documents that transfer funds immediately to another person upon the account holder’s death.
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Apr
Apr
Category Archives: Heirs
Estate Planning, Guardianship, Heirs, Inheritance, Trusts
A Supplemental Needs Trust Protects Loved Ones
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Mar
Mar
Most people think disability affects other people. However, approximately 61 million U.S. adults live with a disability. That translates to one in four adults. What’s more, between one and four 20-year-olds become disabled before reaching retirement age.
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Feb
Feb
The reasons a trust-maker creates a trust emerge as important. However, your intent or purpose for creating a trust imparts legal ramifications. Therefore, a trust-maker must express (in writing) their intent or purpose for creating the trust.
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Jan
Jan
When you die, your accounts and property pass to minor children in equal shares. However, such money often proves insufficient for individual heir’s expenses.
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Dec
Dec
If you want someone to continue to manage your Facebook account after you die, you need to designate a legacy contact.
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Dec
Dec
As professional advisors, we spend hours with our clients. In fact, we grow familiar with their most personal details. Listening intently and helping our clients achieve financial and tax planning goals creates a natural closeness between clients and advisors.
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Oct
Oct
October is Special Needs Planning Month. To honor the event, let’s examine planning for disabled people. Plan so they live their best lives. Carefully manage family money to fit the disability-benefit rules. Also, provide additional perks for the disabled person. Finally, through strict rules, permit disabled people to exercise autonomy over some of the money […]
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Sep
Sep
Unfortunately, despite our best efforts, millions of people misplace wills and trust documents.
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Sep
Sep
The first way to properly prepare to receive an inheritance is to discover what you will be inheriting. Is it real estate, a 401(k), or an individual retirement account (IRA)?
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Jul
Jul
Depending on your parenting philosophy, decide you you want to treat your children or grandchildren. Treating loved ones equally means that they all receive the same amount.