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Estate Planning 101

Integrity Financial Planning

Understand the basics first, and then create an estate plan. Wills and trusts are both important estate planning tools with important differences. If you don’t, these assets will likely be paid to your probate estate, possibly triggering income tax.

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Who Needs Estate Planning?

Carson Wealth

Estate Planning isn’t fun to think about. But estate planning is so much more than terminal actions – it helps set a stage for a rich life while protecting against unnecessary taxes and family feuds. . Who needs estate planning? Your Legacy Estate Plannin

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What Estate Plan Documents Do I Need?

Carson Wealth

Many people believe, incorrectly, that estate planning is for older, ultra-wealthy people. But the simple truth is: If you have property, you need an estate plan. What Documents Do You Need for EstatePlanning? . How to Prepare Estate Plan Documents .

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When Should You Have an Estate Plan?

Carson Wealth

Estate planning touches two critical aspects of our lives: It can direct the distribution of property while providing a structure of guardianship and care for ourselves as well as those we love and care for. What Is Estate Planning? When Do You Need an Estate Plan?

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Long-Term Care Considerations in Estate Planning

This article explores the impact of medical/LTC expenses on estate planning objectives, and discusses strategies to keep assets flexible to address needs that may arise while satisfying the objective of transferring wealth to designated beneficiaries.

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The Future of Estate Planning

Wealth Management

Four thought leaders provide their insights into the future of the modern estate-planning practice

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6 Important Components of Estate Planning

James Hendries

Basic estate planning is something that everyone should do, regardless of your age, marital status, the value of your assets, and if you’re a parent or not. An estate plan may not be all you need to help ensure your assets transfer quickly.

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Your Essential Estate Plan Toolkit: Optional Estate Planning Documents

Pacifica Wealth

Optional estate planning documents are generally not legally binding documents. . Their purpose has little or nothing to do with the transfer of assets and do not effect estate tax. Optional estate documents focus on values, lessons, and legacy issues.

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Your New Estate Plan: Trick or Treat?

Financial Symmetry

After endless procrastination, you and your spouse finally decide to hire an attorney to help prepare an “estate plan.” The post Your New Estate Plan: Trick or Treat? How We See It Estate Planning halloween

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Estate Planning New Year’s Resolutions

Wealth Management

Here’s a sample letter encouraging clients to formulate commitments for 2023

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The State of the Estate Planning Practice

Wealth Management

What issues and developments are attorneys encountering as we head into 2023

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Increasing Diversity in the Estate-Planning Field

Wealth Management

Alan Gassman details the concrete steps he's taking toward inclusion

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Where to Get Started with Estate Planning

Pacifica Wealth

The decisions you choose to make and those you ignore or overlook for your estate plan will have long-lasting and permanent ramifications. Don’t let the significance of estate planning prevent you from getting started. Estate Planning Financial Planning

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Estate Planning Tales from the Crypt, Ep #176

Financial Symmetry

After endless procrastination, you and your spouse finally decide to hire an attorney to help prepare an “estate plan.” The post Estate Planning Tales from the Crypt, Ep #176 appeared first on Financial Symmetry, Inc. Podcast Estate Planning Retirement

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Your Essential Estate Plan Toolbox: A Will

Pacifica Wealth

Remember, each state has a pre-determined plan for your assets that they will use unless you provide other instructions. A Will tells the state that you have a better plan for the distribution of your assets and that they need to distribute your assets according to your plan.

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Strategic Estate Planning for UHNW Individuals

Wealth Management

Individuals with a net worth over $5 million are now more at risk than they have been in decades

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Top Estate Planning Resources for Financial Planners

eMoney Advisor

You never know when you’ll encounter that portion of the population that would rather get a root canal than make an estate plan. The good news is that there are many helpful resources for anyone who needs to assist in estate planning discussions.

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Estate Planning Industry Mourns Stephan Leimberg

Wealth Management

Martin Shenkman shares his thoughts

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Crafting Structurally and Culturally Balanced Estate Plans

Wealth Management

Moving beyond the comfort zone into the stretch zone

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The 5 Most Common Estate Planning Myths

Park Place Financial

ESTATES The 5 Most Common Estate Planning Myths Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. While estate planning is relatively uncomplicated, uncertainty with some aspects of the process has generated misunderstandings about what it involves.

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Family Estate Planning: The 6 Essentials

Park Place Financial

ESTATES Family Estate Planning: The 6 Essentials Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. According to one survey, 67% of Americans have no estate plan, which may reflect an aversion to thinking about dying or getting gravely ill. Estates

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Estate Planning Considerations for Mental Illness

Wealth Management

Mental health challenges are now the norm among employees across all organizational levels

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Estate Planning During a Bear Market

Wealth Management

If clients have the stomach to stick it out, this is an opportunity to take short term lemons and make them into long-term gifting lemonade.

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Why You Need a Professionally Prepared Estate Plan, Ep #165

Financial Symmetry

? Do you have an estate plan? Was it prepared by an estate planning professional? The post Why You Need a Professionally Prepared Estate Plan, Ep #165 appeared first on Financial Symmetry, Inc. Podcast estate estate documents Estate Planning

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Your Essential Estate Plan Toolkit: Power of Attorney

Pacifica Wealth

A Healthcare POA should also be part of your estate toolbox. Have an estate attorney with experience drafting POAs help you write the language to avoid any ambiguity in the definition of your activating trigger. Use an estate-planning attorney to draft a POA.

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Best of Heckerling 2022: Highlights of the Heckerling Institute on Estate Planning – Tuesday 5/3 @ 12:10 PM EST Live or Zoom

Tobias Financial

Tobias Financial Advisors is proud to announce that our CEO Marianela Collado will serve as a panelist at Best of Heckerling 2022: Highlights of the Heckerling Institute on Estate Planning event on Tuesday, May 3 rd at 12:10 PM EST. . Estate Planning Uncategorized estate planning

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Celebrity Estates Replay: Pat Bowlen and Creating an Estate Plan Before Being Forced Out

Wealth Management

His unique estate plan tasked a group of trustees with finding a new owner Denver Broncos owner Pat Bowlen resigned as CEO of the team in 2014 and died in 2019.

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3 Celebrity Estate Planning Slipups Clients Can Learn From

eMoney Advisor

That occasion marked an agreement with the IRS on a $156 million value on Prince’s real estate and recordings for the artist who died in April 2016—without a will. What can we learn from celebrity estate planning disasters like this? 2022 Wills and Estate Planning Study.”

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10 Questions to Help Clients Navigate Estate Planning

eMoney Advisor

Estate planning: for financial planners, it’s complicated. If you’ve been wondering what estate planning questions to ask clients, you’re not alone. You know that incorporating estate planning into a client’s overall plan can be valuable.

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Preventing Marriage or Divorce From Derailing Careful Estate Planning

Wealth Management

How to stave off unexpected consequences

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The Role of Litigators in a Modern Estate-Planning Practice

Wealth Management

Get help recognizing and diagnosing potential issues

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Best of Heckerling 2023: Highlights of the Heckerling Institute on Estate Planning – Wednesday 2/1 @ 11:30 AM EST Live or Zoom

Tobias Financial

She will address innovative ideas regarding today’s most important tax and estate planning issues.

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How to Talk to Your Family About Your Estate Plan and Avoid Complicating Their Grief

Carson Wealth

There were hard feelings — a lot of wondering why her parents had skipped her in their estate planning. . Not talking to your family about your estate plan has the potential to create chaos and make your family feel unprepared. . What About Your Parents’ Estate Plan?

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A Beginners Guide To Fractional Real Estate Investing

Fintoo

As the problem of inflation has been causing a ruckus for every common man’s budgeting plan of action, the concept of new investments […]. The post A Beginners Guide To Fractional Real Estate Investing appeared first on Fintoo Blog.

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Redefining Our Approach to Mental Health and Estate Planning

Wealth Management

Addressing long-terms needs can be a challenge

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4 Easy-to-Overlook Estate Planning Mistakes

Integrity Financial Planning

It’s easy to avoid making an estate plan, but not having one won’t be easy on your loved ones. Having your affairs in order can greatly help your family, so consider creating a comprehensive estate plan. Not Updating Your Estate Plan . Blog Estate Planning

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Can Your Client’s Family Live In the Estate Plan You Create?

Wealth Management

Integrating financial capital requires a holistic perspective

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Protecting What’s Yours (After You Pass) 

Yardley Wealth Management

In our last piece, we emphasized the importance of estate planning as the greatest gift you can bequeath to your loved ones, to reduce their painful stress load during an already stressful time. List your financial assets in detail (investment and bank accounts, retirement plans, etc.).

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Chalk Talk – Parenting Aging Parents

MainStreet Financial Planning

The MainStreet Financial Planning Discussion Club. The post Chalk Talk – Parenting Aging Parents appeared first on MainStreet Financial Planning. Chalk Talk Estate Planning Financial Goals Financial Wellness Retirement Webinars“MainStreet Chalk Talk”.

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Irrevocable Trust vs. Revocable Trust

Carson Wealth

Trusts are often used to simplify and coordinate estate planning. A testamentary trust is created at death, generally through estate planning documents. Consider this example: Jamie (80) is worried about his daughter’s compulsive spending. Craig Lemoine, Ph.D.,