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Estate Planning • Business Strategy

Estate Planning

Does My Family have to Pay My Credit Cards when I Die?

Especially with the average U.S. household having $7,027 in revolving credit card debt and Americans owing a total of $416.1 billion in credit card debt, according to a recent Nerdwallet study, some Americans will have credit card debt for the rest of their lives. However, what happens to credit card debt when you die?

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Estate Planning

What Ailments Increase Risk for Severe COVID-19?

COVID-19 is a risk for everyone, but some people are in much greater danger than others.

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Estate Planning

What are Big Tax Goofs to Avoid when Retiring?

One of the best ways to prepare for retirement is to set aside money in a tax-advantaged retirement account. Hopefully, you have done so year after year and built a nice nest egg.

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Estate Planning

What Is Prince Harry’s Inheritance from His Mum, Princess Diana?

Prince Harry told Oprah Winfrey that after being cut off financially by the royal family, he supported his new life in California with his inheritance from Princess Diana.

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Estate Planning

What Is ‘Whole Farm Planning?’

We have all heard the saying ‘plan your work and work your plan.’ Planning is one of the most important aspects of managing any business. This is especially true for farms and agribusinesses, due to their complexity and the inherent uncertainties associated with agriculture.

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Estate Planning

Roth IRA has a 5-Year Rule

Established in 1997, the Roth individual retirement account has long been a favored option for retirement savings, due to its promise of tax-free withdrawals in retirement.

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using trusts for estate planning
Estate Planning

Trusts can Work for ‘Regular’ People

When you hear the word trust fund, you might think of the uber-wealthy giving their kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich.

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Estate Planning

Why Do I Need Estate Planning?

Over the years, several high-profile celebrities have died without either properly updating their estate plan or having one at all. The list includes Princess Diana, Prince, Heath Ledger, Michael Jackson and Kurt Cobain, all of whom were worth millions and among the most famous people on the planet at the time of their death.

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Estate Planning

Tax Planning Strategies for 2021

Although uncertainty surrounding the likelihood of tax reform continues for the moment, there are still several wealth transfer strategies that can be considered by those wanting to make gifts.

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Estate Planning

How to Maximize Social Security Benefits

Sophisticated analyses take into account the tradeoff of receiving no income during the deferral period and more income later in retirement.

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