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22min chapter
1695: Ask Farnoosh: Managing Financial Windfalls: Inheritances, Severances and More
So Money with Farnoosh Torabi
Managing Financial Windfalls and Inheritances
The chapter covers advice on managing financial windfalls like severance packages and inheritances, including strategies for debt repayment, tax implications, and prioritizing financial goals. It also discusses setting up special needs trusts for beneficiaries, emphasizing the importance of professional guidance in estate planning to avoid potential pitfalls and optimize tax benefits.
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