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Legacy Planning: The Ultimate Gift

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What Is a QTIP Trust?

A qualified terminable interest property (QTIP) trust allows an individual, called the grantor, to leave assets for a surviving spouse and determine how the trust's assets are split up after the surviving spouse dies.
09/28/22 • by: Law Office of Michelle Adams
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Can You Gift Money on Your Deathbed?

One sure-fire way your clients can reduce the size of their taxable estate is to give gifts to loved ones while they’re still alive. But when are ‘deathbed gifts’ considered to be complete for estate and gift tax purposes?
09/28/22 • by: Law Office of Michelle Adams
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What Does Balance Say about Health?

This simple, often neglected skill can pay huge dividends later in life.
09/13/22 • by: Law Office of Michelle Adams
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How Do Inherited IRAs Work?

When someone dies with money left in an Individual Retirement Account (IRA), the funds can get passed on to the person's loved ones through an inherited IRA.
09/13/22 • by: Law Office of Michelle Adams
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How to Protect Yourself from Online Fraud

Get a message offering help with a computer problem you didn’t think you had? It’s probably a scammer looking for your money and personal information.
09/13/22 • by: Law Office of Michelle Adams
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How Does a Business Owner Create an Exit Strategy?

You spend a lifetime building your business, so it’s crucial to have a game plan when it’s time to leave. Being prepared will help optimize the transition from a financial and tax perspective.
09/13/22 • by: Law Office of Michelle Adams
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What Jackie Kennedy Knew about CLATs and Estate Planning

Jacqueline Kennedy Onassis will long be known for many superlative distinctions: an internationally beloved former first lady of the United States, one of the most influential contributors to the restoration and preservation of the White House and a peerless cultural icon.
09/13/22 • by: Law Office of Michelle Adams
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What’s the First Step in Preventing Elder Abuse?

The prevalence of elder abuse is hard to estimate because it is underreported. However, according to the National Council on Aging, approximately one in 10 Americans age 60 or older have experienced some form of elder abuse— be it physical, emotional, psychological or financial.
09/08/22 • by: Law Office of Michelle Adams
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What Should Not Be Kept in a Safe Deposit Box?

A safe deposit box is the perfect place to store certain valuables.
09/07/22 • by: Law Office of Michelle Adams
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Does a Beneficiary have to Pay Taxes on 401(k)?

If you anticipate inheriting a 401(k) from a parent, a spouse or someone else, it’s important to know your options for minimizing tax liability.
09/07/22 • by: Law Office of Michelle Adams
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Regardless of your income level or celebrity status, everyone will leave a legacy. And author Michelle Adams helps you to be intentional about building a strong family legacy. Order a copy today!
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