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5 Helpful Steps to Administrating a Loved One’s Estate

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By: Nick Uzl

Someone close to you has just passed away, and you’re not sure what to do or where to start. The time immediately following a loved one’s death is filled with so many emotions, and quick decisions that it can be very overwhelming. Helping to administer a loved one’s estate can be quite stressful, …

Quick Question: How often should you look at your estate plan?

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By Tim Stallings:

A great answer to a common question:

How often should I look at my plan? We found this helpful information on revising your estate plan.

Unintended Consequences: How Using a Life Estate Results in Gift Tax Liability

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Using a life estate to transfer a house or other real property has been a planning technique used by many seniors. Many people who use this tool do so because it is quick and easy. In reality, what they are doing may result in a variety of unintended consequences. One of those consequences is that the person creating a life estate may unknowingly exceed their annual gift tax exemption.