Estate Planning

Tax Savvy Giving

Posted by on Jun 2, 2016 in Estate Planning, Financial Focus, Tax Planning

At First Pacific Financial, we often evaluate these types of strategies for our clients. There can be many factors to consider in your individual situation and these should be carefully understood and evaluated before making this a long term strategy.

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The Role of an Executor: What am I responsible for?

Posted by on May 13, 2016 in Estate Planning, Financial Focus

In the role of Executor, the complexity of your responsibilities will vary based on the complexity of the decedent’s assets. In general, you are responsible for sorting out the finances of the deceased, making sure debts and taxes are paid, and distributing assets to the heirs.

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Estate Planning 101: Shaping Your Future, The Essentials

Posted by on Apr 28, 2016 in Estate Planning, Financial Focus

Whether you have a complex financial situation or a simple one, estate planning is a way to take care of yourself and the people you love.

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What is a Charitable Remainder Trust and when would I consider using it?

Posted by on Apr 5, 2016 in Estate Planning, Financial Focus, Tax Planning

The first reason you would consider a CRT is because you are charitably inclined. This vehicle can provide a way to give, when you might otherwise be unable to do so. In addition, if you are considering an action that has a significant tax liability and/or you need to generate income, this type of trust can provide certain advantages.

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