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When Elvis Presley died in 1977, he didn’t have a will or other plan so over 70% of his roughly $10 million estate went to pay taxes and fees. Sitting down with a professional is the key to passing on assets from one generation to the next while avoiding needless taxes. In the first Rays of Light for 2020, Fr. Kevin explains how communication with your family and professional planner is so important in establishing a will. With a little bit of planning, you can leave behind a treasure of prayer, intercession, and discipleship for generations to come.
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