Author: Stefan Dunkelgrun
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Why You Shouldn’t Leave Someone $1 in Your Will: Legal and Emotional Risks Explained
Read more: Why You Shouldn’t Leave Someone $1 in Your Will: Legal and Emotional Risks ExplainedLeaving a person $1 in your will may seem like a clever way to disinherit them or send a symbolic message, but it’s a strategy that often backfires. Whether it’s an estranged…
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The Truth About Asset Protection: Why No Strategy Is Foolproof
Read more: The Truth About Asset Protection: Why No Strategy Is FoolproofWhen it comes to safeguarding your wealth, many high-net-worth individuals and professionals seek “bulletproof” asset protection strategies. However, the hard truth is that foolproof asset protection doesn’t exist. Unless you plan to…
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How Trusts Affect Retirement Accounts: Tax Rules, RMDs, and Beneficiary Strategies
Read more: How Trusts Affect Retirement Accounts: Tax Rules, RMDs, and Beneficiary StrategiesUnderstanding How Trusts Work with Retirement Accounts When planning for retirement and estate distribution, using a trust as a beneficiary of a retirement account can offer control, asset protection, and potential tax…
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What is a QDOT and Do I Need One?
Read more: What is a QDOT and Do I Need One?A Qualified Domestic Trust, or “QDOT” is a Trust specifically authorized by statute to defer estate taxes for non-citizen spouses, but not every non-citizen spouse needs a QDOT. Basically, every citizen and…
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Who Does the Estate Attorney Represent?
Read more: Who Does the Estate Attorney Represent?Who Does the Estate Attorney Represent? When a loved on passes away, managing the estate can be a complicated process involving lots of legalities. Many estates hire an attorney to help with…
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When to Assume a Mortgage on Inherited Property – Never!
Read more: When to Assume a Mortgage on Inherited Property – Never!I recently was asked by a sole executor-heir when they can assume the mortgage on their childhood home. The client wanted to know if they could assume the mortgage already or if…