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Category: MutualFinancial

Wealth Transfer

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How do beneficiaries of a wealth transfer plan access the transferred funds?
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How do beneficiaries of a wealth transfer plan access the transferred funds?

Beneficiaries receive a wealth transfer through the life insurance company as a lump sum, which can be paid directly into a bank account, or mailed as a check.

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What does it cost to begin a wealth transfer strategy with a MutualFinancial Investment Services’ advisor?
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What does it cost to begin a wealth transfer strategy with a MutualFinancial Investment Services’ advisor?

There are no fees to develop a wealth transfer strategy with a MutualFinancial Services’ advisor.

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How long does it usually take to get a wealth transfer strategy in place if I’m just starting with it?
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How long does it usually take to get a wealth transfer strategy in place if I’m just starting with it?

Your wealth transfer strategy can be created immediately during a meeting with your MutualFinancial representative.

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Who should consider wealth transfer strategies? Do individuals normally do so at a particular age or stage in life?
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Who should consider wealth transfer strategies? Do individuals normally do so at a particular age or stage in life?

Wealth transfers are used to pass money along to a beneficiary in the most tax efficient way. Such transfers can be done anytime, though there is a maximum age of 85 or 90.

 

 

These questions and answers are provided for general information only and may not be completely accurate in every situation. The information provided is not legally binding on MutualBank or any of its affiliates or subsidiaries. For assistance with specific questions regarding your account(s), please contact us.

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