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Financial Matters
The articles below are all part of the category "Financial Matters."
Handling estate income and debts, and assets such as bank and brokerage accounts and real estate owned by the deceased
Gifting assets before death
Smart estate planning tips for gifting assets before death. Understand tax implications and make informed decisions with our guide.
Cutting Taxes with Estate Reduction
Master estate reduction to cut taxes using irrevocable life insurance trusts, gift tax exclusions, and more, all at MyFinalPlanner.Org.
Avoiding probate with payable on death accounts
Unlock the secrets of avoiding probate by using payable on death accounts. This guide makes asset transfer simple and efficient.
Collecting Unclaimed Property
Learn the steps to find and reclaim unclaimed property and funds. Our guide makes it simple to secure what rightfully belongs to you or your loved ones.
Managing and Investing Your Inheritance
Learn to manage and invest your inheritance effectively with our expert guide. Make the most of your received assets.
The Best Way to Sell Valuables, Collectibles and Antiques
Unlock the secrets to selling antiques, collectibles, and valuable items for the best prices with our comprehensive guide.
Claim Document Submission Template
A template to help in organizing and submitting the required documentation for claiming unclaimed property, ensuring nothing is missed.
Creating Your Charitable Giving Plan
undefinedA comprehensive checklist to help you integrate charitable giving into your estate planning, aligning your legacy with your philanthropic values.
Debt Prioritization Worksheet
A practical tool to help you prioritize which debts to pay first based on interest rates, creditor demands, and other crucial factors.
Debt Settlement Negotiation Record Template
A downloadable template to help you keep detailed records of all discussions, agreements, and settlements with creditors during the debt settlement process.
First Steps in Debt Settlement Checklist
A comprehensive list of initial steps to take immediately after a loved one passes away, aimed at effectively managing and planning for the repayment of any debts left behind.
Gift Letter Template for Financial Assets
A template to help you draft a gift letter when transferring financial assets to loved ones or charities, ensuring clarity and legal compliance.
How to Talk About POD Accounts with Loved Ones
Tips and strategies for discussing the setup and intentions of your POD accounts with your family and beneficiaries.
Navigating the Annual Gift Tax Exemption
This article provides an in-depth understanding of the annual gift tax exemption, how it works, and how to use it effectively in your gifting strategy.
Negotiating with Creditors: A Survivor's Guide
Insights and strategies for survivors on how to negotiate debt settlements with creditors, including how to communicate effectively and secure favorable terms.
POD Account Discussion with Beneficiaries
A template guiding you through discussions with beneficiaries about your POD account, including key points to cover.
Planning Your Giving Checklist
A step-by-step checklist to help you organize your planned giving, ensuring it aligns with your financial and legacy goals.
Preparing for Business Interest Gifting
undefinedGuidance for business owners on the process of gifting business interests, including valuation and tax considerations to ensure a seamless transfer.
Preparing to Claim Unclaimed Property
undefinedA detailed checklist of documents and steps needed to claim unclaimed property, tailored for different scenarios including claiming for a deceased relative.
Real Estate Gift Letter Template
undefinedA template for legally sound and clear communication when gifting real estate to family members or charities, addressing key considerations such as tax implications.
Real-Life Estate Tax Saving Case Studies
undefinedAn analysis of real-life case studies where individuals and families have successfully used strategies to reduce their estate taxes, including the use of ILITs, GSTT planning, and Lifetime Gift Tax Exclusions.
Reviewing Your POD Account Beneficiaries
This checklist will help you review and update your POD account beneficiaries to reflect any changes in your life or intentions.
Setting Up a POD Account
A detailed checklist of steps to take when setting up a Payable on Death account, ensuring you don
Strategies for Gifting to Grandchildren
Explores effective and tax-efficient strategies for gifting to grandchildren, including the use of trusts and educational savings accounts.
Tools and Strategies for Estate Tax Reduction
A comprehensive guide to various tools and strategies for reducing estate taxes, including more in-depth discussion on ILITs, QPRTs, GRATs, and using gift tax exclusions efficiently.
Understanding Estate Debt Forgiveness
Detailed guide on how estate debt forgiveness works, including situations when debts can be forgiven and how to initiate conversations with creditors for debt relief.
Understanding Gift and Generation-Skipping Transfer Taxes
A detailed guide on the concepts of gift tax and generation-skipping transfer tax, how they apply, and strategies for minimizing their impact.
Understanding Taxes on POD Accounts
A guide on understanding the tax implications of Payable on Death accounts, including how they might affect estate and income taxes.
Choosing the Right Financial Advisor for Inheritance
Guidance on selecting a financial advisor specializing in inheritance and estate planning, including what qualifications and experience to look for.
Debt Repayment Plan Template
Template to help individuals create a strategic plan for paying off debts using inherited funds, including prioritization of debts based on interest rates and balances.
Evaluating and Valuing Estate Assets
Learn how to estimate the value of different types of assets in an estate, including tips on when to seek professional appraisals.
Financial Goal Setting Checklist
A checklist for setting clear financial goals after an inheritance, helping individuals prioritize and align their financial actions.
Gift Tax Return Form 709 Guide
A guide to help you understand and fill out IRS Form 709 for reporting the gift of a vehicle worth more than $15,000.
How Inherited Assets Can Affect Income Taxes for Beneficiaries
Find out how inherited assets can affect the income taxes of beneficiaries and strategies to manage those implications.
How to Clear a Lien on a Vehicle
A step-by-step guide on clearing a lien on a vehicle, including working with lenders and securing a lien release.
Investment Plan Template
Template for creating a detailed investment plan for your inherited assets, covering investment goals, risk assessment, and strategy outlining.
Key Estate Tax Planning Strategies
Discover key strategies to minimize estate taxes and leave a more significant legacy for your heirs.
Managing Inherited Real Estate
Explores how to manage inherited real estate, including considerations for selling, renting, or holding onto the property.
Professional Valuation Resources for High-Value Items
Guide on securing professional valuation for high-value items or assets in your estate, such as art, real estate, or jewelry.
Understanding Estate Taxes: A Guide for Executors
An in-depth exploration of the responsibilities executors have regarding estate taxes and how to manage them.
Understanding Inheritance Tax
A comprehensive guide on how inheritance tax works in the United States, including state variations and strategies to manage or reduce it.
Understanding Inheritance Tax Exemptions
Understand how inheritance tax exemptions work and how to plan effectively to take advantage of these.
