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 Estate
planning
By
Bankrate.com
Estate
planning is vital
Have you updated your will? Do you even have a will? How about
a living will in case of a medical emergency? If you die without
a will, the state becomes the executor.
Links:
It's
never too early to make a living will, What
is a will?, Preparing
a will, What
in the world is a trust?, Beware
trust scams, Getting
a will through probate, Estate
executor: No job for amateurs, Setting
up a charitable trust
Receiving an inheritance
Adopt a methodical approach, not an emotional approach. Deposit
the money into a liquid fund where it'll earn interest. Step
back, decide how you'll use the money, then select the best
investing vehicle to meet your goal.
Links:
After
an inheritance, emotions, finances mingle,
The
ABCs of inheritance taxes, Estate
taxes basics, Reducing
estate taxes, Interviewing
a financial adviser, Investigating
a financial adviser, Inheriting
your parents' debt
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