Why You Should Plan For An Inheritance

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3/23/2020

Why You Should Plan For An Inheritance | Brett Fingerhut

a Why You Should Plan For An Inheritance by brett ngerhut | Apr 9, 2018 | Brett Fingerhut

Those fortunate enough to receive an inheritance should consider important factors, such as estate taxes and liability protection. Otherwise, they may struggle to preserve their wealth. Bene ciaries need a game plan to protect their inheritance, so they can one day leave behind a legacy to their heirs. When devising a plan, there are speci c risks to mitigate.

Taxes Can Hurt Estate tax and tax rates are subject to change, making it important to know what the current thresholds are and how they impact one’s family. There is no getting around paying taxes, but it is helpful to know how much the net inheritance will be after taxes. This will allow bene ciaries to plan for the future and help them select investment vehicles. Also, if the owner of the estate has a lot of money tied up in an IRA account, it makes sense

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