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Legacy Planning Is a Journey, Too

Legacy Planning Is a Journey, Too

It’s certainly well known and by now is probably bordering on the cliché: “Life is a journey, not a destination. “ But over usage hasn’t changed the basic meaning of the phrase. While there are a number of nuanced interpretations, basically life’s journey is simply how life – and the person living the life — progresses from one situation to another, filled with circumstances, positive and negative, effortless and challenging, successful and unfortunate.
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Give the Gift of…Money

Give the Gift of…Money

You’ve heard the idiom that the only two guarantees in life are death and taxes. When the two intersect, there can be hell to pay. Maybe not hell but certainly the IRS. On a federal level, most people are protected by the estate tax exemption ($5.43 million in 2015) and don’t owe any of these transfer taxes when they die.
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Legacy Planning When You’re Young Is Smart Thinking

Legacy Planning When You’re Young Is Smart Thinking

You don’t have to reach middle age to start thinking about legacy planning. In fact, with the growing number of available digital assets and the growing utilization of these assets, the need to plan is becoming more important at a younger age.
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Give Your Family the Roadmap to Your Legacy

Give Your Family the Roadmap to Your Legacy

Creating a legacy can be a dual effort but oftentimes one person in the household takes the lead on planning. It’s a natural approach because when one person does the job, you avoid duplication of effort. It would be easy to overlap if both you and your spouse were heavily involved in the planning process. While it makes sense to delegate the responsibility to one person, what if that person should die first?
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Should You Consider a Trust?

Should You Consider a Trust?

When most people hear the word “trust,” they think of the ultra wealthy. And for good reason. Many wealthy people use trusts to protect their assets from estate taxes and other financial threats, and to pass along fortunes to children and dependents. But trusts can be used for a number of purposes beyond just saving on estate taxes. Here are a few of the reasons you might want to consider a trust as part of your financial and estate plan. I’ve also included a brief description of some of the types of trusts people have used in these situations.
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