Having to handle the estate of a loved one can be a difficult time because of the emotional ramifications that come along with making these financial decisions. We found an interesting article that explored the author’s personal experience with having to oversee his mother’s estate and everything that came along with that.
Read more and get additional financial resources here: https://www.moneyandclarity.com/podcasts/
What we discuss in this episode:
0:56 – Conflict in Ukraine
2:08 – The article we’re referencing
3:29 – Estate taxes
4:22 – Giving assets away before death
5:52 – Pros to giving away assets now
7:56 – Step up cost basis
9:38 – Irrevocable trust
10:51 – The biggest issue in the article
11:50 – Final thoughts
Ep. 172: 9 Ways to Use Your Extra Cash
Ep 171: Is It Time to Panic?
Ep 170: Why Soaring Home Prices are a Great Thing
Ep 169: How Do Markets React to Major Events?
Ep 167: The Inflation Impact on Planning
Ep 166: Secure Act 2.0 - What You Need to Know
Ep 165: Learning Through Uncommon Sense
Ep 164: Financial Planning in Biden’s America
Ep 163: Flirting with Financial Disaster
Ep 162: Tax Tips for 2021
Ep 161: 5 Important Retirement Statistics Worth Your Time
Ep 160: Special Election Review
Ep 159: Obsolete Retirement Planning Ideas
Ep 158: What Financial Challenges Do Women Face More Often?
Ep 157: Retirement Ready – Are You Clinging to False Hope?
Ep 156: Choosing Between A Traditional Or Roth IRA
Ep 155: Are You Paying Enough Attention to Your Largest Assets?
Ep 154: Is The Market Response To Coronavirus Normal?
Ep 153: Coronavirus and Solid Financial Truths
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