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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

When Should Gift Tax Return Be Filed?

When Should Gift Tax Return Be Filed?

POSTED ON: March 22, 2024 BY: Troy Werner
There are many people who know estate planning quite well but draw blanks when issues about gift tax returns are raised.
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Understanding Marital Trusts in Your Estate Plan

Understanding Marital Trusts in Your Estate Plan

POSTED ON: March 21, 2024 BY: Troy Werner
A marital trust is a complex estate planning tool that should be crafted carefully. Because of its tax benefits, you should work closely with an experienced estate planning attorney to establish the marital trust properly.
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Four Reasons Why You Need an Estate Plan Even If You Aren't Wealthy

Four Reasons Why You Need an Estate Plan Even If You Aren't Wealthy

POSTED ON: March 20, 2024 BY: Troy Werner
Estate planning might sound like something for wealthy people with huge beach houses and billions in the bank. However, the truth is that estate planning is something we all need to think about to protect ourselves and loved ones.
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Estate Planning for Young Adults: Navigating Your Future with Confidence

Estate Planning for Young Adults: Navigating Your Future with Confidence

POSTED ON: March 19, 2024 BY: Troy Werner
Estate planning isn't just for the elderly or the wealthy. Find out why young adults must start their estate planning early and what documents they should include.
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Update Your Estate Plan: Navigating Life's Changes

Update Your Estate Plan: Navigating Life's Changes

POSTED ON: March 18, 2024 BY: Troy Werner
Discover why updating your estate plan is crucial for securing your legacy. Don't wait for a life event to make necessary changes.
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How to Choose an Estate Planning Attorney Essential Tips and Questions to Ask

How to Choose an Estate Planning Attorney: Essential Tips and Questions to Ask

POSTED ON: March 16, 2024 BY: Troy Werner
Estate planning is critical to ensuring your legacy and wishes are respected. Choosing the right estate planning attorney is essential to this process. This article provides tips for selecting an attorney to serve your needs best and guide you through crafting a comprehensive estate plan.
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3 Signs You Definitely Need a Trust (and Not Just a Will)

3 Signs You Definitely Need a Trust (and Not Just a Will)

POSTED ON: March 15, 2024 BY: Troy Werner
Estate planning is akin to crafting a roadmap for the future; it’s about guiding your loved ones through the maze of your final wishes with clarity and ease. At the heart of this journey lie two pivotal tools: wills and trusts. While both serve to shepherd your assets posthumously, certain situations demand the finesse of a trust over…
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What is the Most Important Document in an Estate Plan?

What is the Most Important Document in an Estate Plan?

POSTED ON: March 14, 2024 BY: Troy Werner
The most important part of your estate plan isn’t about taxes, investments, gifts, or other financial issues.
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Can I Decline an Inherited IRA?

Can I Decline an Inherited IRA?

POSTED ON: March 13, 2024 BY: Troy Werner
If the strategy is executed properly, an individual can disclaim interest in an inherited IRA and avoid any of the gift and income tax consequences associated with receiving the property.
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How Does an Estate Plan Address Young Beneficiaries?

How Does an Estate Plan Address Young Beneficiaries?

POSTED ON: March 12, 2024 BY: Troy Werner
Minor children and young adult beneficiaries in particular need more specialized provisions to protect both the assets and the beneficiaries.
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