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Estate Planning

How to Give Money Without Paying the Federal Gift Tax Cash Gift Taxes

How to Give Money Without Paying the Federal Gift Tax

Some people worry that offering financial help will enable irresponsible family members. On top of that, complicated tax laws can make the whole process much more complicated than it needs to be. Who wants to give their kids money knowing that Uncle Sam is going to demand a chunk of it? That’s why financial gifting […]

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Does it Make Sense to Get Life Insurance For Your Children? Two Parents Playing Outside with Child Life Insurance

Does it Make Sense to Get Life Insurance For Your Children?

Generally speaking, it doesn’t usually make sense to purchase life insurance for your children. While losing a child is devastating for any parent, no family is likely to be reliant on a minor’s income for survival. However, there are some special circumstances where buying life insurance on your child makes sense. At the very least, […]

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What Happens If You Pass Away Without A Will? Last Will and Testament with Pocket Watch Financial Advice

What Happens If You Pass Away Without A Will?

Having a will is important. It represents your last voice after you’re gone. That document ensures that your wishes are carried out after you die. Most importantly, it will provide guidance on how to distribute your money, property, or other assets. In short, it’s your last action to make sure that your loved ones and […]

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