![]() ![]() A client may choose to further their planning engagement with Thrivent through its Dedicated Planning Services (an investment advisory service) that results in written recommendations for a fee.Executors or administrators of estates, as well as surviving spouses, should thoroughly review Publication 559, Survivors, Executors, and Administrators. Thrivent provides advice and guidance through its Financial Planning Framework that generally includes a review and analysis of a client’s financial situation. Visit or FINRA’s BrokerCheck for more information about our financial advisors. Only individuals who are financial advisors are credentialed to provide investment advisory services. Insurance products, securities and investment advisory services are provided by appropriately appointed and licensed financial advisors and professionals. Registered representative of Thrivent Investment Management, Inc. ![]() Securities and investment advisory services offered through Thrivent Investment Management Inc., a registered investment adviser, member FINRA and SIPC, and a subsidiary of Thrivent. ![]() Thrivent is the marketing name for Thrivent Financial for Lutherans. Other states generally tier their inheritance tax rates depending on the relationship, with non-related beneficiaries paying the highest rates. Iowa, Kentucky, Maryland and New Jersey also exempt transfers to surviving children and grandchildren. All six states with an inheritance tax don't levy it on surviving spouses. * Iowa is phasing out its inheritance tax and is aiming to eliminate it entirely by 2025.Īnother important factor in calculating inheritance tax is the relationship between you (as the deceased) and the beneficiary. For example, if you live in Texas (a state with no income or estate tax) and leave money or property to a family member who lives in New Jersey (a state with an inheritance tax), your family member won't have to pay taxes on their inheritance because it's dictated by Texas' tax rules, not New Jersey's.Ĭurrently, only six states impose an inheritance tax: When it comes to inheritance taxes, the state where you lived or owned property is what matters-not the beneficiary's residence. We recommend you read the privacy policies of those sites as they may be different from Thrivent's policy. Insurance, securities, investment advisory and trust and investment management accounts and services offered by Thrivent, the marketing name for Thrivent Financial for Lutherans, or its affiliates are not deposits or obligations of Thrivent Federal Credit Union, are not guaranteed by Thrivent Federal Credit Union or any bank, are not insured by the NCUA, FDIC or any other federal government agency, and involve investment risk, including possible loss of the principal amount invested.Īny data or personal information collected by websites other than Thrivent is not covered by Thrivent's privacy policy. Deposit and lending services are offered by Thrivent Credit Union, the marketing name for Thrivent Federal Credit Union, a member-owned not-for-profit financial cooperative that is federally insured by the National Credit Union Administration and doing business in accordance with the Federal Fair Lending Laws. ![]() You are now leaving the Thrivent website. ![]()
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