Legacy Therapy

Encore: Essential Pre-Death Tax Tips

Episode Summary

Tatyana Bunich joins us today to explore the unintended consequences that can come when someone receives a large inheritance after a family member passes away. Many people choose to have as little withheld as possible when they receive the money… and then are in for a nasty surprise when tax season comes around and they owe hundreds of thousands of dollars.

Episode Notes

In this episode, Tatyana Bunich and Stacey Golden-Lisnock discuss:

• Essential pre-death tax tips
• Large inheritances and the unfortunate circumstances that can sometimes follow
• A look at the TAX part of an estate.

Key takeaways:

• The ins and outs of inheriting homes, money, etc.
• If there’s no fighting or disagreements, you’re still looking at a minimum of 6 months before the beneficiary receives what was left to them.
• Often times, due to poor planning, the beneficiary can be an ex-spouse if they never took the time to update it.
• The importance of understanding what potential mistakes are in your estate because you don’t know any better and/or lack the proper guidance.

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To reach out to Tatyana Bunich:

Mainline - 410-908-9293

Website - www.financial1wmg.com