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money-pro (33)in #investing • 7 years ago
Can You Contest The Validity of A Will? What is Spousal Election Against a Will?
The decedent's spouse may exercise a right of election against a will under specific circumstances. This right is generally enforceable if the decedent tries to completely…
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money-pro (33)in #investing • 7 years ago
HOW TO KNOW IF YOUR WILL IS VALID
What are the formalities required for a valid will regarding: (a) the document, (b) the signature, and (c) the attesting witnesses. Drafting a will involves a few steps to…
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money-pro (33)in #investing • 7 years ago
Five Reasons to Have a Will
1. The most obvious advantage of a properly drafted will is the ability to direct assets to the intended beneficiaries by the decedent. Not only can beneficiaries receive assets…
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money-pro (33)in #investing • 7 years ago
You Must Have A Will - Disadvantages of Intestacy!
Disadvantages of Intestacy? 1- The biggest and most obvious disadvantage of dying without a will is loss of control pertaining to estate asset distribution. The decedent’s…
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money-pro (33)in #investing • 7 years ago
Intestacy - The Treatment of Real and Personal Property of a Decedent who Dies Intestate.
Intestacy Property can pass by contract, will, or operation of law, and without one of those constructs in place, estate assets pass under the laws of intestate succession. The…
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money-pro (33)in #investing • 7 years ago
Avoiding Probate and Intestacy
Implementing a few planning techniques can prevent judicial administration during estate settlement. One egregious mistake is dying without a Will. The estate will be subjected…
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money-pro (33)in #investing • 7 years ago
2018 Tax Laws - Roth 401(k) or Traditional 401(k)
With the new tax laws in affect, we now have lower tax brackets and larger standard deductions. Contributions to your employer sponsored Roth 401(k) may now be more beneficial…
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