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designated beneficiaries

Designated beneficiaries are people (though can also be a trust or an estate) whose life expectancy is used to calculate particular features of a retirement plan. These plans can include qualified plans, 457(b) plans for state and local government employees, 403(b) accounts for public school employees, or a traditional individual retirement account (IRA). Additionally, designated beneficiaries will inherit the balance ...

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lawyers

Talking and planning about the future can be very intimidating, especially if you're approaching these conversations in a more realistic approach. Sure, daydreaming about future employment and vacation plans can be a lot of fun, but discussing asset distribution, estate plans, and the probate process isn't all that exciting. It is important, though.

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transfer of assets

While most U.S. adults age 18 and over have not done prepared their estate or started planning for the transfer of assets, 81% of Americans above the age of 72, as well as 58% of baby boomers (aged between 53 and 71) do have estate planning documents. If you're part of the large percentage that does not have these essential ...

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wills attorneys

Life can be beautiful, entertaining, and truly amazing. Unfortunately, it can also be quite sad, as death can strike at anytime. These aren't exactly topics people enjoy talking about or even thinking about, but since it is a reality, it's important to at least broach them in order to plan for the future.

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estate planning

Ensuring your family’s future is extremely important, and though it’s a difficult conversation to have, you must talk about asset distribution with your loved ones in the event of something happening to you or your family. Estate planning should be at the top of every adult’s priority list in order to secure the safety of their family. The bigger your ...

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Carolyn Moller Duncan P.C. LITTLETON CO

It may seem like an oxymoron to discuss the “benefits” of bankruptcy, but the reality is that in some cases, bankruptcy can be the second chance that you or someone needs to get back on their feet financially. Unlike bankruptcies from a century ago, bankruptcies of today are an opportunity for creditors to recover some portion of the debt owed ...

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Carolyn Moller Duncan P.C. LITTLETON CO

While a Will of 10 words carved into a bumper was deemed valid (really, this happened in Canada), ideally you should use something a little more substantial to distribute your estate upon your death. Of course your Will should be in writing, but equally important is what it says. Here are 5 elements that must be discussed in your Will.

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Carolyn Moller Duncan P.C. LITTLETON CO

For many facing a looming crisis with debts, bankruptcy can represent a lifeboat that can help them stay afloat and have enough time to reorganize or negotiate with creditors. Bankruptcy also allows debtors to discharge (or be forgiven) certain debts thus helping them start to get back on their feet. However, there are certain debts that cannot be discharged and ...

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