Baby boomers – the first generation tasked with the responsibility of planning for and funding their golden years. This generation, which includes those born between 1946 and 1964, have entered and continue to enter into retirement. As they make this financial transition into retirement, many are learning that they have made some of the most typical retirement mistakes. But, even if you’ve made a financial mistake or two, there’s still time to avoid these five
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In the event of your untimely death, your beneficiaries are highly dependent on how you planned your estate. Generally, you have two types of property. First, you have property with a title that says you own it. Second, you have property that has no title — you know you own it because you possess it. Property with title includes vehicles, boats, airplanes, real estate, bank accounts, savings bonds, life insurance policies, retirement accounts, and stock
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First: No one wants to die. Second: After we die, we want our assets to go to our loved ones — not to predators of a surviving spouse; creditors of a surviving spouse or children; divorcing in-laws; or judgement liens. Third: We must take affirmative steps so that our loved ones are protected against those who want to take our assets from our loved ones. Fourth: If we get our estate planning done, we will
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Yes! If you own a vacation home, timeshare, investment property, or any other asset outside of the state where you are domiciled you must make sure it’s included in your estate plan. If you fail to include these in your estate plan, or fail to have an estate plan at all, your heirs will encounter issues, and usually the expense and hassle of court costs, when inheriting these assets. Because state laws vary, your principal
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The idea of implementing an estate plan might be one of the scariest things you have to confront as an adult. But estate planning doesn’t have to make chills run down your spine. On the contrary, estate planning is empowering for both you and your family and allows you to live confidently knowing that things will be taken care of in the event of your passing or incapacity. Remember, estate planning is not just for
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When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone? The answer depends on how you go about creating your estate plan and selecting beneficiaries, and you might be surprised to find out that your money could end up with the wrong people or cause an unexpected tax bill if you don’t take action ahead of time. What Your IRA Means For Your Estate Plan
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There are several parts to an estate plan, one of them being a living trust. Common factors that prompt someone to create a trust include privacy, tax benefits, avoiding probate, and caring for family members with special needs. Estate planning also lets you dictate how your assets will pass on to future generations after your death. Avoiding Probate One of the primary reasons for creating an estate plan is to avoid probate. Unlike a will,
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Now is the perfect time to start working on an estate plan—because, as newlyweds, you may not have a list of your accounts, but you’ve effectively just done a working inventory of your possessions—as you’ve figured out how to consolidate two households into one. You’ve already been working on the new banking and shared responsibility of bills and taxes and so forth. Use that all time and energy and work as a leapfrog into planning
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The Connor Law Firm, PLC
Ben@Connorlegal.com

Scottsdale, Arizona Office:

9777 N. 91st St., Suite C-103
Scottsdale, Arizona 85258
(800) 679-6709 (toll free)
(480) 296-2069 (local)

St. George, Utah Office:

1031 S. Bluff Street
St. George, Utah 84770
(800) 679-6709 (toll free)
(435) 359-1414 (local)