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Weekend Reading For Financial Planners (February 24-25)

Nerd's Eye View

Also in industry news this week: A recent study has found that advisors who gain additional credentials tend to see a boost both in their confidence and in their business metrics, with the CFP certification standing out in terms of value The implications for RIAs of a proposed Treasury Department rule that would subject many firms to certain anti-money-laundering (..)

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Estate Planning Strategy: Leveraging CFP® Certification Expertise

International College of Financial Planning

Their primary objective is to ensure that the assets are managed & distributed according to the wishes of the client. The post Estate Planning Strategy: Leveraging CFP® Certification Expertise appeared first on International College of Financial Planning.

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What to Do When a Parent Dies and You’re the Executor

Darrow Wealth Management

If your parent had a trust, the individual(s) named in the trust documents as successor trustee will control the distribution of the trust assets. Get death certificates. If your parent hasn’t yet taken their required minimum distribution (RMD) from retirement accounts for the year, it can go into the estate account.

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What To Do When A Loved One Dies: Financial Questions Answered

Clever Girl Finance

Get a death certificate Two weeks after the death of a loved one is when you should start going through the process of closing accounts, organizing the estate, and initiating probate if necessary. You’ll need a death certificate for most of these tasks, so starting there is a good idea. You might also need a probate lawyer.

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R R Kabel IPO Review – GMP, Details, Price & More

Trade Brains

Its manufacturing facilities are supported by a strong distribution network of 106,626 retail outlets. Its 35 international product certifications help it to maintain trust with its distributors and customers. The company may not secure favourable distribution agreements with national or overseas distributors.

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SECURE 2.0 Act Aims to Increase Retirement Savings for Americans

Carson Wealth

The SECURE Act of 2019 made sweeping changes to required minimum distributions , with the most prudent change being that most non-spousal inherited retirement accounts are required to be withdrawn over 10 years rather than stretching distributions out to avoid heavy tax liabilities. Required Minimum Distribution Changes.

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What Happens to Your 401k When you Die?

Good Financial Cents

The money will be distributed according to the terms of the 401k plan. If you do not have any designated beneficiaries, then the money in your 401k will become part of your estate and will be distributed according to the terms of your will. ” How Your 401(k) is Distributed After Death.