Articles Tagged with wealth planning

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If you have invested in cryptocurrency—or if you’re considering it—one of the matters that is worth taking into account is how it could impact your estate plan. Virtual currencies such as Bitcoin, Ethereum, and others can create some unique challenges that must be accounted for.

In this post, we’ll look at four strategies to consider using when planning for cryptocurrency in your estate.

1. Create an Access Guide for Your Keys

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The potential for large returns makes venture capital investing an attractive option, but it’s also a high-risk endeavor. Those risks include legal matters such as contract negotiations and regulatory compliance. Mitigating those risks is key to making sure your investments pay off, whether you’re operating as part of a firm or investing your own funds.

Following are four legal tips to consider in the course of venture capital investing.

1. Do Your Due Diligence

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The Social Security Administration (SSA) governs benefits provided to elderly or disabled individuals. The benefits received through Social Security can have an impact on your estate, so it’s important to account for that when creating your estate plan.

What Social Security Can Cover

Exactly what is covered by Social Security depends on the type of benefits you receive. Some of the uses for Social Security include:

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It’s important to know how to safeguard your wealth against creditors. A carefully constructed asset protection plan can help you tremendously in the event that you become subject to a lawsuit, and it’s an essential part of estate planning as well.

That said, there are a number of pitfalls that you should avoid when creating an asset protection plan. We’ll go over a few of the most common here.

1. Assuming You Don’t Need an Asset Protection Plan

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The estate planning process involves a number of uncomfortable topics, but it’s important to make sure you are prepared for the difficult matters involved. The following are seven of the most important questions to ask during the estate planning process.

1. How will my assets be distributed/passed on?

The first question has perhaps the widest breadth: how will your assets be distributed after you pass away? It’s important to have some vehicle for outlining how your property, funds, and other assets will be distributed among your heirs, whether they’ll all be passed on to a spouse or divided up among descendants.

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