Tag: Will
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Here’s Why the Role of a Financial Advisor in Estate Planning Is Critical
Some people believe that estate planning is for the rich. Others are under the misconception that you do not need comprehensive estate planning if your estate is worth $11.7 million in 2021, which is the federal estate tax exemption limit for 2021. However, every adult, and every family, needs an estate plan. Attending this essential ... -
Soup to Nuts Guide to Creating a Foolproof Will
Most people are inclined not to think about their mortality. Hence, they do not consider estate planning, especially writing a will, as an imperative task. Moreover, writing a will is often regarded as complicated, irrelevant, and most of all ‘a thing of the rich’. As per a 2020 Estate Planning and Wills survey conducted by ... -
How to Ensure That Your Assets Don’t Go Unclaimed?
Assets are priced possessions regardless of whether they are inherited or self-earned. Over the course of accumulating multiple assets like real estate, fixed return investments, retirement accounts, insurance plans, etc., you may lose track of things in routine chores. Some people also spend their entire lives building up an empire for their family without letting ... -
Three Estate Planning Mistakes Investors Make with IRAs and 401(k)s
People make savings and investments keeping in mind the needs of their families. Most of the time, one generation is diligent and resourceful to turn their savings into heritage for the upcoming generations. There are several instances where people are still enjoying the earnings from their forefathers’ investments. However, as someone looking to build a ... -
Tips to Minimize Estate Taxes with Proper Estate Planning
Estate planning is often an ignored subject, yet an important one which should be on the top of your priority list. More than half of the adult U.S population is yet to make a will. The absence of a will could prove to be disastrous for their children if a tragedy were to strike. As ... -
How to file to be Executor of an Estate without a Will?
The importance of a will cannot be stressed enough. Apart from mentioning the distribution of a person’s assets and wealth, it also includes information about who would serve as the executor. It is the executor’s role to distribute the assets according to what is stated in the will. At times, individuals do not leave a ...