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Protect Your Estate – and Your Heirs

Protect Your Estate – and Your Heirs

The end goal of estate planning is to ensure your heirs are financially secure. That’s the reason you go to all the effort to organize your affairs in the first place – to protect your family. But improperly set up or poorly managed, a large portion of your estate could end up in the hands of the government in the form of federal income taxes. In order to avoid these potentially devastating penalties, you first need to know what taxes your estate stands to face before you can develop a plan.
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The Legacy Dilemma

The Legacy Dilemma

For many years television shows reflected the concept of the traditional American family – a father, a mother and biological children. Think “Leave It to Beaver.” There were, of course, exceptions. “The Brady Bunch” comes to mind. But for the most part it was the nuclear family as it then primarily existed.
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Think Beyond the Here and Now

Think Beyond the Here and Now

Digital assets come in all shapes and sizes, but they aren’t necessarily indicative of wealth. “Digital assets are anything you find of value in your life that is electronic,” says Evan Carrol, co-author of Your Digital Afterlife, in an interview with WGBH News. “It’s anything you interact with via your computer or smartphone.”
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Make Your Digital Assets Available to Your Family

Make Your Digital Assets Available to Your Family

I’ve been writing a lot about the digital asset portion of estate planning, topics like defining and identifying digital assets, starting the planning process and navigating the legacy element of social media platforms. With these subjects on the brain, a recent digital legacy planning article in the Business Standard jumped out at me. It seemed to funnel everything I’ve been saying into one poignant point: Family history is the fabric of who we are as individuals.
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Are You Unknowingly the Beneficiary of a Life Insurance Policy? 

Are You Unknowingly the Beneficiary of a Life Insurance Policy? 

$1 billion. That’s the estimated amount of unclaimed money sitting in life insurance limbo. The most common reason that one in 600 people don’t claim that money is because they likely don’t know it exists. Oftentimes an insured has a policy that no one even knows about. Sometimes it’s that the beneficiary lost the policy. But in every case, the beneficiary has legal rights to the benefit money.
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