Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Heirs & Estate Planning

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Legacy Planning & Your Estate Plan: Part 2

May 25, 2018

When it comes to legacy planning, it’s all about the details. Before deciding to make specific bequests or other gifts from your estate, consider these additional strategies discussed below. Beneficiary designations Bequests of cash or property from your estate often are not the most tax efficient way to make charitable gift. That’s especially true when appreciated […]

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Legacy Planning: 5 Ways to Enhance Your Legacy in Your Estate Plan

May 18, 2018

Not all gifts are created equal, especially charitable gifts. That’s why legacy planning can be a powerful part of your estate plan. You can leverage the benefits of your gifts, enhancing the financial security of yourself and your heirs while being philanthropic. Estate planners often refer to these strategies as planned gifts or planned giving. […]

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How to Write an Ethical Will for Your Estate Plan

May 4, 2018

Your estate plan is part of your legacy, but your legacy should be more than financial assets, material possessions and legal documents. For more and more people, the final touch to their estate plans is what sometimes is known as an ethical will. Others have called it a legacy letter, heritage will, family philosophy statement, […]

How to Protect Your IRAs for Beneficiaries: A Simple Guide

April 6, 2018

How do you increase the odds your IRA will last for a long time? Be sure your beneficiaries know what they need to do! Many people have substantial balances in traditional IRAs. Often, a prime goal is for the IRA to help provide for the next generation or two. One way to do so is […]

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The Revocable Living Trust “Transition Strategy”

February 23, 2018

Last week, we reviewed the pros and cons of the Power of Attorney and Revocable Living Trust (click here for Part 1). For retirees who choose the revocable living trust, it’s important to understand all the options available. For starters, after identifying your trusted person, establish a revocable living trust naming the person as current […]

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Retirement Strategy: How to Transfer Real Estate to Family

November 3, 2017

Some assets require special estate planning. One such asset is what I sometimes call heirloom real estate, or family real estate. This is a property that’s been in the family for a while and that you’d like to continue in family ownership. Heirloom real estate includes vacation homes or other second homes, farms, a longtime […]

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A Shrewd Look at the Power of Attorney

December 1, 2007

A power of attorney is an essential part of an estate plan. You know that from past visits. The POA ensures that someone can manage your estate when you are unable to. Bills can be paid; investments can be managed; and other actions can be taken. Having a document called a power of attorney does […]

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Give Wealth and Still Protect It

February 1, 2006

Many people know why making gifts is part of most estate plans. Yet, they hesitate to make the gifts, because they see potential pitfalls. They fear that the gifts might be spent unwisely or wasted. The donee could squander the assets on gambling, substance abuse, or other activities. Or the wealth could be well-managed for […]

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