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How to Divide an Inheritance Equally: Minimize the need to decide taxes and transaction costs for all beneficiaries
By sherry@reedcompanies.com |
Nothing ignites family arguments like inheritance. If you plan to leave money to more than a few beneficiaries, for the sake of peace and your own emotional legacy, know how to divide the proceeds fairly. First, you can divide your estate among however many heirs you want: three, seven, 11 or 13 and so on.…
Giving Thanks for Frustrations and Obstacles: Gratitude makes us focus and turn our negatives into positives
By sherry@reedcompanies.com |
Life is filled with challenges: finding a job, paying for college, affording your retirement. While this may seem paradoxical, on Thanksgiving we should be thankful for frustrations and obstacles. Often on Thanksgiving we think of the Pilgrims. The English colonialists were a grateful lot, but on religious days of thanksgiving, they focused on prayer, not…
Acquaint Grown Children with Your Financial Affairs
By sherry@reedcompanies.com |
Many parents may feel it is unnecessary to inform their adult children about their personal, financial affairs. However, as your children grow older, it can work to your advantage—and that of your entire family— to share with them key financial, medical, and estate planning information. An awareness of important information, and knowing where to locate…
Tips for Leaving an Inheritance to Family: Make sure you think about potential disruptions and plan ahead of time
By sherry@reedcompanies.com |
Families inherit money and sometimes make the right moves investing and spending. Inheritances can also ignite disruption, divorce and a host of bad behavior – far from the hopes and plans of the benefactor. What happens when you leave what’s probably one of your biggest investments: your individual retirement plan? Your Retirement Assets Perhaps most…
Identity scams are at an all-time high. Here are ways to protect yourself
By sherry@reedcompanies.com |
Identity crime involving government benefits, social media accounts and other scams jumped by 36% in 2021 to an all-time high, according to the Identity Theft Resource Center. The good news is that there are several ways individuals can protect themselves. About 15,000 people reported an identity-related crime or attempted fraud in 2021, up from roughly…
Protecting Your Financial Information Online
By sherry@reedcompanies.com |
More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet, understanding how to protect your privacy can help minimize your exposure to risk. Here are some ways to safeguard your information: Read privacy policies.…