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Walt Zaremba
Williamsburg, Virginia
Your Dreams, Our Knowledge...Creating Estate Plans That Work
Interests: People
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Here are six criteria that every retiree’s investment objective should address: Minimum required yield. This is the first factor when looking for reliable long term income. It is calculated based on household income requirements and investable assets—typically IRAs, taxable brokerage accounts and other savings that are planned for retirement income.... Continue reading
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When you pass away, what you leave to your loved ones is important, but so too is how you leave those assets. Making certain that you leave the right assets to the right beneficiaries, is a critical element of effective estate planning. Life insurance. These proceeds can be paid to... Continue reading
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A parents’ well-meaning bequest could wind up destroying family relationships. By giving a gift of the family cabin, mom and dad see years of their children enjoying family reunions at the lake but the reality may be quite different. The issue is that some of the children might want to... Continue reading
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Did you know that about 1,300 new stepfamilies are created every day? Here are some tips and answers for issues within stepfamilies. Types of accounts should be defined. A major issue for stepfamilies can be how to split finances into “yours,” “mine” or “ours.” Any combination of accounts can be... Continue reading
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What if it’s your job to faithfully administer an estate's property… The administrator of a decedent's estate in Oklahoma appealed an order from the trial court forcing the administrator to file a federal estate tax return for the estate and elect portability of the Deceased Spousal Unused Exclusion Amount (DSUE)... Continue reading
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A 529 College Savings Plan is a great gift for a grandchild. Opening a 529 plan gives you the ability to save for your grandchild's higher education in an account that has tax-free earnings, as long as the funds are ultimately used for education. When you contribute to a 529... Continue reading
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You may be eligible for Social Security based on your own employment record, but tapping into benefits based on your ex’s work history may provide you with greater income. The article reminds us that benefits for a divorced person and the qualifications for those benefits aren’t mentioned on your online... Continue reading
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Alan Thicke’s two eldest sons, Brennan and Robin, filed a petition in Los Angeles County Superior Court over claims that their father’s widow is disputing the terms of the prenuptial agreement she signed in 2005. This story reminds us that the actor died unexpectedly at age 69 when a major... Continue reading
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The probate nightmare Prince created by not having a will has ended. The musician’s relatives have moved from defending their position, to gaining the legacy assets that are working harder to earn more money. Prince’s drive toward total personal control extended to the point where he did not plan for... Continue reading
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The closer you get to retirement the more important the implementation of your planning will be. You may be ready to move from accumulating money to protecting what you already have. At this point, there are some important decisions that need to be made. For example, you will need to... Continue reading
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Estate planning isn’t just a topic for older people. It’s also for young families with children and mortgage payments. They are often the least prepared and most vulnerable in case of a parent’s unexpected death. Planning your estate doesn’t mean you must have significant assets. Even if you are making... Continue reading
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The “Taj Mahal,” a heart-shaped diamond, was given to Elizabeth Taylor on her 40th birthday by her husband, Richard Burton. It was one of many pieces of her vast jewelry and art collection sold by Christie’s for $183.5 million after her death in 2011. Liz Taylor’s diamond was sold to... Continue reading
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This genealogist has made a cottage industry out of searching Eastern Europe for the long-lost relatives. The problem is he may be cutting corners! Here is the cautionary tale of Vadim Tevelev. He has worked on more than 100 Surrogate’s Court cases to find heirs and help the heirs to... Continue reading
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There is no need to wait until you retire to take control of your 401(k) – it might work to your advantage to roll it into an IRA for greater flexibility and investment choices. It’s your money after all! Gone are the days when American workers received a pension when... Continue reading
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Why not give those RMDs to your favorite charity? In addition to saving on income tax, it could keep you below the income cutoff for some other taxes and charges. As you likely know, everyone at age 70 ½ must begin taking required minimum distributions from their retirement accounts. You... Continue reading
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Although doctors, first responders, and members of the medical community experience illness, injuries and death every day, they still can be hesitant to create a Living Will for themselves. Nonetheless, it’s important. A Living Will provides instructions about your end-of-life. It can include as much or as little direction as... Continue reading
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Need ideas to help you trim the taxes you owe? Forms. Make sure that you have the right form for 0% gains. Investors with taxable income up to $37,650 on a single return and $75,300 on a joint return, get a nifty 0% tax rate for their long-term capital gains.... Continue reading
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A Manhattan estate dispute over an allegedly stolen painting could mean a big loss to a large Las Vegas hotel and casino. The Bellagio is waiting for the $1.085 million it believed it was owed after selling one of Pierre-Auguste Renoir’s masterworks, once on display in the resort’s art museum.... Continue reading
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William C. “Bill” Marks was a self-made man who over his lifetime acquired many business and properties. His extensive estate planning meant that at his death he was able to give back to his community. “Bill once told me that he got his start digging potatoes in Grant and hauling... Continue reading
As we think of our parents aging, we may also start to think about our own aging. Sometimes it takes a negative experience with a parent’s estate planning to motivate us to start planning for our own long-term care and end-of-life decisions. The first step is to mirror the kind... Continue reading
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The Westgate Las Vegas Resort and Casino’s chief operating officer Mark Waltrip said that Elvis Presley’s artifacts and memorabilia, which include stage outfits, jewelry, and letters, are locked up at the casino, where the now-closed “Graceland Presents Elvis” attraction once stood. The dispute arose from the 10-year leasing agreement that... Continue reading
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The need for an estate plan applies to everyone and it can be a huge benefit as well. With a small estate, you should be even more careful to avoid unnecessary expenses and to retain the most resources for fulfilling your personal, financial, and charitable goals. The article cites four... Continue reading
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Here are some steps to take that will help you maximize your retirement benefits and automate tax payments so that you can enjoy the happy retirement you’ve earned. If you are among the folks who are planning to retire either in springtime or early summer, be warned that before you... Continue reading
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Pet trusts are becoming extremely popular but they require as much planning ( if not more) as trusts we'd create for our two-legged children. While pets are expanding their financial and emotional footprint in our lives it is without a corresponding increase in legal status or protection for those pets.... Continue reading
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The late Veronica Shoemaker, the first black councilwoman of Ft. Myers, has died. Her daughter, Mattie Young, has struggled to keep the flower shop bearing her mother's name open after a Will Contest threatened her mother's legacy. Family members apparently reached an agreement that assured Mattie would continue to run... Continue reading