The Motley Fool

JULY 1, 2024

This article is intended for educational purposes only and is not legal advice. A living trust is a legal agreement you can establish during your lifetime, and also, control during your lifetime. Probate is the legal process of proving that a will is legitimate. For guidance on your personal situation, please contact a lawyer.

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The Motley Fool

MARCH 18, 2024

Image source: Getty Images Doing your taxes isn't fun even in the best-case scenario, but for most people, they're at least not too painful. You spend a couple of hours entering data into your tax software, file your return, and get a refund check a few weeks later. You do this through the IRS Free File system, not your tax software.

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The Motley Fool

SEPTEMBER 4, 2023

This article is intended for educational purposes only and is not legal advice. A last will and testament is indeed a useful and binding legal document, long a traditional means for allocating assets, assigning guardianship for minor children, and specifying other last wishes. But is it the best way?

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The Motley Fool

JULY 28, 2024

This article is intended for educational purposes only and is not legal advice. I value my privacy -- a lot You might think that there are special tax breaks to be enjoyed with a living trust. But I don't see any obvious tax benefit. See, the will I put together is a valid legal document.

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The Motley Fool

MARCH 4, 2024

A living trust -- which is sometimes referred to as a revocable trust -- is a legal document that allows a trustor (the person creating the trust) to place assets into a trust that's managed by a trustee for the chosen beneficiary. Additionally, trusts may have to deal with tax issues that you could otherwise avoid.

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The Motley Fool

AUGUST 20, 2023

Don't forget about other homeownership costs While you'll no longer owe money toward the loan's principal or be responsible for interest, you'll need to keep paying your property taxes. You'll likely begin to receive property tax bills directly from state, country, and local governments. You want to protect your investment.

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The Motley Fool

DECEMBER 16, 2023

However, not all gambling winnings are legally required to be reported to the IRS. The IRS would have no idea and you'd have an $80 tax-free profit. And keep in mind, if you receive a tax document in the mail, that usually means the IRS received a copy as well and knows about it. The short answer is "it depends."

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The Motley Fool

MARCH 16, 2024

Image source: Getty Images You know you're an adult when you file your first tax return. Do not jump the gun I cannot overemphasize this enough: Do not rush to get your tax return filed. Even if you expect a fat refund, take the time you need to gather all the documents required to file an accurate return.

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The Motley Fool

MARCH 31, 2024

This article is intended for educational purposes only and is not legal advice. That stands in contrast to a will, which is usually processed through a probate court, making it a public document. But is this legal instrument truly the optimal method for passing on your inheritance to your loved ones and your cherished causes?

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The Motley Fool

FEBRUARY 10, 2024

You get to make someone happy to receive your support, and you get a thank-you from Uncle Sam in the form of a tax deduction. Tax deductions can lower your taxable income so you can legally pay less in taxes. Read more: we researched free tax software and put together a list of the best options here Misconception No.

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Ballast Advisors

JUNE 18, 2024

Join us as we delve into the tax strategy, legal documentation, and insurance coverage considerations needed to successfully balance the ownership of multiple residences for snowbirds. When it comes to tax considerations for snowbirds, there are several factors to keep in mind.

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The Motley Fool

JANUARY 14, 2024

A living trust is a legal arrangement that makes the inheritance process smoother, more private, and more efficient. When a will goes through the probate process, it becomes a public document that anyone can access. This is typically done for tax planning or asset protection reasons.

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The Motley Fool

MARCH 30, 2024

Although having legal oversight during the distribution process can be good for ensuring fairness, the cons of probate can sometimes outweigh the pros. This is especially true regarding a will because it becomes a public document accessible by anyone when it goes through the probate process.

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The Motley Fool

JULY 28, 2023

Trust these basics A trust is a legal entity that holds assets for beneficiaries. The person who creates the trust appoints a trustee -- and that can be you and then someone you appoint to take over for you -- to manage the assets based on the exact instructions in the trust document. Image source: Getty Images.

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The Motley Fool

JUNE 15, 2024

Having legal oversight during the distribution process can be useful to ensure fairness, but the cons of probate can sometimes outweigh the pros. When a will goes through the probate process, it becomes a public document accessible by anyone. The probate process can often take a long time to complete, sometimes months or years.

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The Motley Fool

AUGUST 3, 2024

It's a well-documented fact that companies committed to distributing their profits usually outperform companies that don't have a dividend program. Income-seeking investors like these types of businesses because they can legally avoid federal income taxes by distributing nearly everything they earn to shareholders as a dividend.

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The Motley Fool

MARCH 11, 2024

Forgetting to include income while filling out a tax return feels much larger. The good news is this: Tax-related mistakes can easily be corrected. When it's you who realizes you've forgotten to include income Imagine that you've filed your tax return for the year, and you're pretty pleased with yourself. Here's how.

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The Motley Fool

SEPTEMBER 14, 2024

The government still needed help from banks to identify money launderers trying to hide illegal activities like tax evasion and gambling. Because it's over $10,000, the bank is legally required to file a Currency Transaction Report (CTR) and file it with the Financial Crimes Enforcement Network (FinCEN). In total, you withdraw $10,100.

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Hedgestone

JUNE 17, 2024

One of the most critical aspects of your preparation is understanding the essential Documents to Ask For When Buying a Business. Without these, you could miss crucial details about the financial health and legal status of your potential new venture! This guide will equip you with the know-how to gather all the necessary documents.

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Integrity Financial Planning

MAY 23, 2023

An estate plan is a legal document that outlines a person’s wishes for the distribution of their assets and property after their death. Here are the basic components of an estate plan: Will : A will is a legal document that outlines how you want your assets and property to be distributed after your death.

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The Motley Fool

AUGUST 9, 2023

What happened Shares of LegalZoom (NASDAQ: LZ) were falling today after the legal assistance platform posted in-line results in its second-quarter earnings report but said prices were falling in the industry. On the bottom line, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose from $18.1

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The Motley Fool

JANUARY 4, 2024

You'll need to provide basic financial information, but usually very limited documentation beyond proof of income. You may need to provide pay stubs and tax returns and bank statements. Fees can include origination fees, appraisals and surveys, and document preparation costs. If you don't pay, the lender can foreclose.

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Private Equity Wire

NOVEMBER 5, 2024

To support this further, CMap completed the acquisition of Atvero in 2023, an AEC-focused document management software. Since the initial investment in 2019, NorthEdge has supported the CMap team to consolidate its market-leading position in the AEC sector, as well as accelerate it’s market presence in the Consulting sector and the US.

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Integrity Financial Planning

MARCH 1, 2023

You may be surprised to learn how important your tax strategy is when it comes to real estate investments. Finally, Brian answers a question from the mailbag about who to turn to when it comes to advice regarding investments, taxes, and legal documents.

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The Motley Fool

APRIL 6, 2024

Ricky Mulvey: Before you even getting a home to look at it, you're going to get a document and you're also going to probably start seeing realtors. This also includes so many different accounts, insurance policies, legal documents, but also the professionals you hire important passwords and combinations and just all your stuff.

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The Motley Fool

APRIL 7, 2024

This article is intended for educational purposes only and is not legal advice. But for many of us, the most efficient path to sharing the wealth with our relatives includes the use of relatively simple legal instruments such as wills and trusts. For guidance on your personal situation, please contact a lawyer.

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Blackstone News

JUNE 26, 2023

LLC, PJT Partners and Wells Fargo acted as financial advisors to Blackstone, and Simpson Thacher & Bartlett LLP acted as legal advisor. ” We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. Morgan Securities LLC, Morgan Stanley & Co.

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Walkner Condon Financial Advisors

MARCH 16, 2023

As we are now within 30 days of the April 18 tax filing deadline (April 15 falls on a weekend and April 17 is a federal holiday), it is important to begin organizing your documents and creating a plan to file your taxes, if you have not done so already. Filing Late One of the most common mistakes is filing your tax return late.

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Walkner Condon Financial Advisors

MAY 1, 2023

ISOs and NQSOs are similar in that they allow an employee to purchase the stock at an agreed-upon price (called the “exercise price” or sometimes the “strike price”, which is stated in the grant document) at some point in time before the option expires, usually after ten years. Options can be worthless.

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Blackstone News

JUNE 18, 2024

As the only announced all-cash tender offer, this transaction would provide substantial and immediate value for Terrafina’s shareholders and avoids the potential negative tax consequences associated with competing exchange offers. are serving as legal advisors to Blackstone Real Estate and MRP Group.

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Zajac Group

OCTOBER 17, 2024

For most people, tax time can be a headache—though for earners with traditional compensation packages, it can at least be fairly predictable (W-2 wages, withheld taxes, 401(k) contribution deductions, etc.). Each taxpayer receives a copy of their K-1, which they then use to complete their own tax return.

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Ballast Advisors

JUNE 18, 2024

Join us as we delve into the tax strategy, legal documentation, and insurance coverage considerations needed to successfully balance the ownership of multiple residences for snowbirds. Tax Considerations When it comes to tax considerations for snowbirds, there are several factors to keep in mind.

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Taxes Legal Liabilities Education 52

Ballast Advisors

SEPTEMBER 5, 2024

Navigating the complexities of estate planning can often feel like charting through uncharted waters, especially when it comes to handling assets, taxes, and ensuring one’s legacy is preserved according to their wishes. Inheritance Tax Planning Inheritance taxes, including estate and gift taxes, are pivotal in estate planning discussions.

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The Motley Fool

MAY 6, 2024

Joining me on today's call are Alex Karp, chief executive officer; Shyam Sankar, chief technology officer; Dave Glazer, chief financial officer; and Ryan Taylor, chief revenue officer and chief legal officer. Ryan Taylor -- Chief Revenue Officer and Chief Legal Officer Yeah, absolutely. I'll now turn it over to Ryan to start the call.

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Axial

OCTOBER 21, 2024

Start the M&A Process Determine the value of your business Collect and review key documents Identity and engage potential buyers 5. The process is intense and involves business and market analysis, creating legal documents, preparing marketing materials, and negotiations. This phase helps you verify your readiness to sell.

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Sara Grillo

OCTOBER 21, 2022

Financial paraplanners can be recent college graduates with no work experience, or may also be career changers with an extensive background in other areas that can add more value to an RIA owner, such as tax professionals. Also, nothing in this podcast or blog can be interpreted as legal or compliance advice.

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The Motley Fool

OCTOBER 4, 2024

A will is a legal document that does two primary things: it says what you want done with your property after you pass away, it also allows you to recommend a guardian for your children or other dependents once you're not available to take care of them. It is a legal document. Dan Caplinger: Hey, Bro. Dan Caplinger: Yeah.

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