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- October 2024
- September 2024
In an Era of Fakes, How to Know When Someone Online Is Real
By sherry@reedcompanies.com |
You’re on Facebook, LinkedIn or X and get a message. Maybe it’s from a stranger in your industry, maybe someone from your hometown claiming to know you from way back when. The person wants to reconnect or get your advice. This could all be wonderful. Or it could be the start of a scam. Unfortunately, security…
Famous Estate Planning Blunders
By sherry@reedcompanies.com |
By Elaine Floyd, CFP ® Celebrities have enough money to hire the best estate planning lawyers. You would think celebrities, of all people, should have ironclad estate plans that keep their affairs private, leave money and possessions to the people they love and the charities they care about, and take advantage of legal ways to avoid…
The Unique Advantages of Special Needs Trusts: A vital solution for your loved ones without jeopardizing their public benefits
By sherry@reedcompanies.com |
A Special Needs Trust (SNT) is a crucial financial tool designed to benefit individuals who rely on needs-based public assistance. These trusts enable beneficiaries to maintain their eligibility for public benefits while receiving additional financial support from an inheritance. For clients with dependents or loved ones who receive public benefits, an SNT can offer peace…
Warren Buffett Gives Us a Preview of His Will
By sherry@reedcompanies.com |
By Karen Langley (WSJ) Warren Buffett has refined his plans for giving away one of the great fortunes of the modern era. In an interview with The Wall Street Journal, Buffett—the chairman and chief executive of Berkshire Hathaway BRK.B -0.42%decrease; red down pointing triangle—said that after his death nearly all of his remaining wealth will go to a new…
A Qualified Terminable Interest Property Trust: A useful tool in your estate planning toolbox that you might not know about
By sherry@reedcompanies.com |
A Qualified Terminable Interest Property (QTIP) trust is a specialized, irrevocable trust designed to provide for a surviving spouse while maintaining control over the ultimate distribution of assets. Commonly used in comprehensive estate planning, a QTIP trust allows an individual to ensure their spouse is financially supported while guaranteeing that the assets eventually pass to…
No Matter Who Becomes President, Start to Plan: Tips for how to start your estate planning process today – for your future
By sherry@reedcompanies.com |
Many people postpone the planning of their estates because they assume that estate planning is only for the affluent. Others may think that estate planning is similar to tax planning, which can always be done “later.” In some cases, estate planning may be put on the back burner because it is a reminder of one’s…