PALM TREE
23
Succession
When you lose a spouse, partner, or parent, the grief can be overwhelming. In the midst of that grief, life goes on. There are arrangements to be made, things to be taken care of and important decisions to be made. Stay informed.
The estate laws have seen many changes over the years, so, what you thought you knew about them may no longer be correct.
A great fi rst step would be to gather documents, including but not exclusively, a will, a trust, or other estate documents. If none of these exist, you could face a longer legal process when settling the person’s estate. As well, notify creditors and credit card companies that were part of your loved one’s credit history.
Creditors may want to know when existing debts will be paid, either by you or your loved one’s estate. Investment and retirement plan accounts and insurance policies should have benefi ciaries, so reach out to a trusted and reputable fi nancial professional to eff ectively handle changes in ownership or liquidation.
A fi nancial professional can help determine if the inheritance fi ts with your overall goals, time horizon, and risk tolerance. Talk with these professionals to learn about the possible tax implications from inheriting these assets.
Fairley Wealth Management focuses on individuals, small businesses, and those who want to maximize protection and leaving a legacy to their family.
Our experienced and knowledgeable staff are committed to help you every step of the way!
ffairley@woodburyfinancial.net |
www.fairleywealthmanagement.com
Call us for a complimentary appointment today.
662-470-5056 ELDER LIVING GUIDE
910 Goodman Road E. Suite B, Southaven, MS 38671
Securities and investment advisory services off ered through Woodbury Financial Services, Inc. (WFS), member FINRA/SIPC. WFS is separately owned and other entities and/ or marketing names, products or services referenced here are independent of WFS.
23
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
