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Independent Retirement Account - Defined, What Are The Options? (Popularity:  )
http://www.ultratrust.com
There are typically two types of beneficiaries for an Independent Retirement Account (IRA). A beneficiary can be either a spouse or non-spouse, and each group has different options and benefits to receiving money from an inherited IRA.
INHERIT INDEPENDENT RETIREMENT ACCOUNT FROM SPOUSE
If you inherit an IRA from a spouse, you have the option of taking the IRA as your own and also making further contributions to the account. If you ...
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Trust Deeds – Breath A Debt Free Life at Easy Terms (Popularity: )
http://www.scottishtrustdeeds.co.uk
Trust deeds are considered as a convenient settlement of debts a debtor is no more able to pay off. The trust deeds are a method used in Scotland for easy clearance of debts. Usually elsewhere for lessening and time bound pay off of debts, debt management program is sought by the debt ridden person. But trust deeds are quite different from any debt management. While in debt management there is ...
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How a Charitable Remainder Trust Avoids Capital Gains (Popularity: )
http://theestatepreservationadvisor.com
Charitable remainder trusts can increase your income, avoid capital gains taxes, lower or eliminate estate taxes, serve as another type of retirement plan, serve humanity and put a warm feeling in your heart. Here is an example that applies to anyone contemplating selling a highly appreciated asset.
In the Path of Progress
Clarence and Mildred had a farm that has been in the family since 1930. They raised corn and had a ...
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A Proactive Approach To An Exit Strategy Is The Only Approach To A Successful Exit Strategy (Popularity: )
http://www.pinnacleequitysolutions.com
For the past fifteen years, I have served as a principal, a manager, a transactional advisor, a legal advisor and a financial advisor to privately held businesses and their owners. Over this time period, I have noticed a lack of consistency in how Exit Strategy services are delivered to business owners. This inconsistency exists, even though succeeding a business is one of the most important and complex financial decisions that ...
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Children, Guardianships and Wills: Estate Planning for Young Families (Popularity: )
http://www.strattonplanning.com
Consider this scenario: Both you and your spouse are young with two small children. You don't make much; in fact, you might be just scraping by.
You might have a small savings account -- very small. If you are fortunate enough to own a house or a condominium, you probably don't have much equity in the property -- at least, not yet.
Preparing an estate plan is probably the last thing on ...
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The Strange Case of Strangi (Or "Life is Strangi(er) than Fiction") (Popularity: )
http://www.flpownerskit.com/
Way back in 1993 in Texas, Mr. Strangi ended up sick with cancer, and gave his son-in-law, an attorney, authority to handle his affairs.
The son-in-law (we will call him “Bob”) set up a Texas Family Limited Partnership (FLP) with a corporate general partner.
He contributed $9,876,929 to the Limited partnership. This amount equaled 98% of Mr. Strangi’s assets and included his home.
We know these numbers because of the subsequent publicity received ...
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Probate and Estate Sales (Popularity: )
http://www.global-investment-institute.com
“It's all about quality of life and finding a happy balance between work and friends and family.”
-Philip Green
Probate and estate sales usually occur when someone wealthy dies. Estate sales have to be conducted because the decedent did not leave a will and everything is in his name. If there is more then one person who can receive the inheritance then it must be shared.
Sharing can become a problem. Even if ...
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Taking Care of Parents - A Living Trust Provides a Safety Net (Popularity: )
http://www.estateplanningdr.com
Parents spend years providing, protecting and caring for us as their children. We honor them by giving Mother a day in May and Father a day in June to express our appreciation for their years of effort in our behalf. Wouldn't it be great if there was some way we could make sure that they too are provided for, protected and, if needed, cared for as they age?
One of the ...
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Some Simple Strategies For Protecting Your Assets (Popularity: )
http://www.easyassetprotection.com
As elementary as it may sound, no matter how much money you make, you still need to find ways to hold onto it. There are many small steps to take that will add up to big savings in the end. If you value the assets you have accumulated, or if you feel you should be accumulating more, take this advice and make some minor changes.
Firstly, take a look at your ...
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Why Estate Planning Is a Woman's Issue (Popularity: )
In a nation consumed with wealth-building, it’s easy to forget that earning money is only half the financial security battle. Equally important is protecting our hard-won financial security with a well-designed estate plan. For women, the importance of planning is paramount, because most often women must cope when loved ones become disabled or die.
A recent study by Penn State University found that wives were three times more likely to have ...
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