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circumstances, these changes will have an impact on your tax situation and cash-flow, as well as your insurance

These are life insurance policies, homeowner policies, birth certificates, marriage license, immunization

but you also pay all the fees you would with a traditional mortgage, like appraisal fees and title insurance There’s also a mortgage insurance premium upfront and every year thereafter, not to mention fees to servicers

Capital gains, death and income taxes all come into play when planning for the transfer of wealth from

Once you have that done, create a review system to ensure your will remains relevant and up-to-date.

That way you can decide the most effective way to transfer your business without incurring unnecessary

child from his first marriage in some other manner, such as by naming him as a beneficiary of a life insurance

much as it would with higher interest rates for the GRAT to be a successful method of transferring wealth

primarily on complex families, but there are other scenarios in which parents might choose to pass on their wealth Reference: The Boston Globe (November 16, 2015) “An unequal sharing of the wealth” #Stepchildren #TrustsandEstates

also notes that smart financial, tax, and estate plans by themselves don’t create good stewards of wealth Your family can up its chances of maintaining wealth rather than destroying it with the use of family

This is no time to get risky, so stick with companies with dependable earnings, healthy balance sheets

One caveat is life insurance trusts.