No Estate Plan? Probate Sorts It Out

The state makes the decisions on where your assets should go. If it is determined that if you do not leave a will or an estate plan, then probate takes over with a key focus on debts and what gets paid first, according to The Balance in “Dealing with Debts and Mortgages in Probate.” It would most likely be a […]

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Own a Business? What about Succession Plan?

It is a good idea to have a plan, just in case you do retire. Many business owners have worked for years to build up their business and don’t have any intention of retiring. However, that day is likely to come and it would be wise to have a succession plan, according to The Gardner News in “Do […]

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Learn about RMDs before You Begin Withdrawals

RMDs are legally required and it is best to study up on them, because taxes can be 50%. Required minimum distributions are not always a common name to retirees but they should be, according to Forbes in “5 Things to Know About RMDs.” The withdrawals are legally required and you have to take them, despite the fact they can […]

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There are Many Reasons to Have a Will

Prince did not leave a will and many, many relatives showed up to stake a claim. Not having a will can create some difficult situations for your loved ones and some of them are not expected, according to Arizona Central in “Here’s why you don’t want to die without leaving a will.” For example, in Arizona, an estate creditor […]

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Social Security Myths Can Create Problems

More than half of seniors file early for benefits. Some people may find it necessary to file for Social Security because of circumstances, such as a job loss. However, it is really important to make sure you are making your decisions on facts rather then myths, according to the Washington Post in “Don’t believe these Social Security myths.” […]

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Don’t Forget Digital Assets, when Estate Planning

You can direct what happens to those digital assets, even if it means destroying them. Almost everyone has digital assets in today’s world and it is important to protect access to them in your estate plan, according to the Valdosta Daily Times in “Preparing an estate strategy for digital assets.” Digital assets include information on phones and computers, […]

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Three Documents You Really Should Have

Who do you want to be responsible for your well-being? A will, power of attorney and health care power of attorney are the key building blocks of your estate plan, according to the Traverse City Record Eagle in “Simple steps to peace of mind.” If you die without a will, your state has a plan in place for […]

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Graduation Over? Time to Consider Legal Documents

You can no longer make medical or financial decisions for your children without proper paperwork. It is wonderful to bring up the children, make sure they are educated and see that 18th birthday come along. However, it is important to recognize that many things change from a legal standpoint, according to grbj.com in “Give your graduate the gift of […]

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Thinking Retirement? Start with a Will

Sometimes even having a will is not enough. Most people do not want their finances released to the public. However, if they are not careful with their estate plan, their financial world will become an open book, according to the Robb Report in “Rest in Wealth: The Ins and Outs of Estate Planning.” An example in the article […]

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