Timothy Sumer

What does it mean to have a step-up in cost basis on an appreciated asset? (An appreciated asset could be a stock, bond, mutual fund, etc. that has gone up in value) For estate planning purposes, how is the gain on the asset taxed for the beneficiary? Pete Keller, CFP® of Pure Financial Advisors walks through stepped-up basis for beneficiaries, for spouses where the asset is held as joint tenants with rights of survivorship, and for spouses where the asset is held as community property. Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with an experienced financial professional: Office locations: Ask Joe & Big Al On Air: Subscribe to our YouTube channel: Subscribe to the Your Money, Your Wealth® podcast: IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Service...

What if there are no beneficiaries listed? If someone passes away with a beneficiary account and the beneficiaries are missing, pre-deceased the account owner, or are otherwise unable to take, what happens? Watch to find out! -- I love helping people and make these videos to help non-lawyers learn a little more about legal concepts. I’d appreciate it if you take a second to let me know what you thought of the video and if you learned something, please hit the subscribe button! It helps other people access the video too. -- If you want to talk more about estate planning: If you want to talk more about probate: -- Estate Planning and Probate is all we do. If you want someone who is honest, diligent, and compassionate, you’ve come to the right place. Amanda Rocha is the owner of Law Office of Amanda L. Rocha. She created it with one goal - help YOU live a great life and leave a great legacy. You'll find information here on estate planning, probate, revocable living tr...

Are you torn between filing jointly with your spouse or separately? This video should help you make that decision. If you find that your refund is being taken by the IRS because your spouse has back debts, this video also tells you how can get the refund that is coming to you as an "injured spouse." Here is a rundown of all the filing statuses: Resources: IRS Publication 17: "Your Federal Income Tax" IRS Form 8379: "Injured Spouse Allocation" IRS Publication 555: "Community Property": "Which States Recognize Common Law Marriage?" nolo.com The Tax Geek on Twitter: @taxgeekusa The Tax Geek on Reddit: www.reddit.com/r/askatasgeek Intro and background music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice for any specific situation. It you have questions about your specific situation, ...

How Louisiana family law already supports collaborative divorce and how you and your attorney can best work in your case. This video discusses the benefits of separating community property BEFORE filing for divorce. It also identifies some situations when it's best to get divorced first then handle community property. Procedure is HOW the lawsuit moves through the court process. Family law procedure is very different from other types of Louisiana legal actions.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Separate Community before Divorce: What is it and Why is it Important? Separate community before divorce is a legal concept that refers to the property that belongs exclusively to each spouse during marriage, and that will not be subject to division or distribution in case of divorce. This concept is also known as "sepa...