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URL:https://www.learndesk.us/class/6247818232594432/lesson/fe9a0cb16d3691e2f46555e4cfb21f82?ref=outlook-calendar
SUMMARY:Unit 5 - Estate of Affairs
DTSTART;TZID=America/Los_Angeles:20260405T190000
DTEND;TZID=America/Los_Angeles:20260405T200000
LOCATION:https://www.learndesk.us/class/6247818232594432/lesson/fe9a0cb16d3691e2f46555e4cfb21f82?ref=outlook-calendar
DESCRIPTION: 

How assets transfer

You have a plan, even if you haven’t taken action (it’s the government’s plan, and unlikely to be in your best interest.
While it’s expedient, it tends to fall in the government’s favor.
Laws and probate process determine whether your spouse or family get anything.
There are many options, you can take advantage of many that are advantageous.

Reduce tax exposure
Directed according to your wishes
Definition of how and when things should happen


Assets transfer 3 ways:

Beneficiary designations
Title
By Will (only comes into play when assets don’t have a title or beneficiary)



Minor children
Remains
Trust language for distribution of property

Example of real Major mistakes: former spouse’s name on retirement plan, house titling of real estate and vehicles, bank and investment accounts, etc.
Revocable living trust.




How to distribute
Holding assets




Legacy review exercise – for asset flow
After 10 Thanksgiving dinners, what was I thinking…brother in...

https://www.learndesk.us/class/6247818232594432/lesson/fe9a0cb16d3691e2f46555e4cfb21f82?ref=outlook-calendar
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