by Independent Financial Services | May 10, 2022 | Estate & Giving
Estate planning for many people is mostly about making sure the future generations are taken care of. There are various methods for doing this through an estate plan. One effective option is through utilizing some type of trust-based strategy. If you are looking to...
by Independent Financial Services | Apr 26, 2022 | Estate & Giving, Tax Planning
Nobody knows when it will be time for life to end. Although it may not be a pleasant thing to think about, it is important you do what is necessary to prepare your estate for administration upon your death. You will want to make sure your loved ones are taken care of....
by Independent Financial Services | Dec 23, 2021 | Retirement Planning
It is generally not advisable to withdraw funds early from your 401(k) due to significant penalties for doing so. If you take funds out of your 401(k) before you reach the age of 59 ½ you will be subject to a 10% penalty levied by the Internal Revenue Service (IRS)....
by Independent Financial Services | Dec 9, 2021 | Estate & Giving
Whenever a person dies, his or her estate, is required to undergo the probate process. This is the procedure of accounting for the decedent’s assets. In addition, the probate process will use the estate’s assets to pay off any debts and tax bills owed by the decedent....
by Independent Financial Services | Dec 7, 2021 | Estate & Giving
There are many ways to create an effective estate plan. Finding the best estate planning strategy that conforms to your specific circumstances and objectives is essential. Most estate plans will use either a trust or a will to accomplish this. If you are looking to go...
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