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What Did We Learn about Investments in 2023?

Reflecting on the tumultuous investment landscape of 2023, Buckingham Strategic Partners distilled invaluable insights into their “Top 10 Investment Lessons of 2023.” ...

The post What Did We Learn about Investments in 2023? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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What Does the IRS’s recruiting efforts mean for taxpayers?

The IRS’s recent intensification in recruitment to address wealthy taxpayers is raising eyebrows among high-net-worth ...

The post What Does the IRS’s recruiting efforts mean for taxpayers? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim

Estate planning for business owners, particularly those known for impulsive decision-making, requires a nuanced approach. ...

The post Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Does an Inheritance Belong in Your Estate Plan?

Getting money from a loved one can be great financial support for someone, but it can also raise plenty of questions for that recipient about the best way to handle it. 

If you already have a financial plan set up, you’re likely saving for your own emergencies and retirement. An inheritance could help to supplement that.

It is usually not wise to rely entirely on the possibility of inheritance as your retirement plan or as a solution for paying off debt. This is because receiving an inheritance is never guaranteed, and typically, the amount that is gifted to others in an inheritance is not enough to fund a substantial retirement.

However, statistics do support that most Americans will receive some type of inheritance throughout their lives, and it can be a good way to supplement your own retirement savings. If you already know, for example, that you will receive an inheritance, telling your financial advisor about this puts you in a good position to know what to do with the money when you receive it.

If the person who has architected the inheritance has done the right planning, the best part of receiving these funds is that it may be tax-free. You’ll need to consult with a financial professional if you’re thinking about leaving behind an inheritance to someone or if you are scheduled to receive an inheritance and are concerned about the estate tax implications.

Contact a qualified estate planning lawyer and consider involving other financial professionals in your strategy for handling these complex situations. While receiving an inheritance can be a significant financial boon to you, knowing what to do and how to plan for it can be challenging.

Schedule your free Exploratory phone call

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can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
What Did We Learn about Investments in 2023?

Reflecting on the tumultuous investment landscape of 2023, Buckingham Strategic Partners distilled invaluable insights into their “Top 10 Investment Lessons of 2023.” ...

The post What Did We Learn about Investments in 2023? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
What Does the IRS’s recruiting efforts mean for taxpayers?

The IRS’s recent intensification in recruitment to address wealthy taxpayers is raising eyebrows among high-net-worth ...

The post What Does the IRS’s recruiting efforts mean for taxpayers? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim

Estate planning for business owners, particularly those known for impulsive decision-making, requires a nuanced approach. ...

The post Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more