The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
Mehmet Öz, a U.S. celebrity surgeon of Turkish origin better known as “Dr. Oz,” took legal action against his sister Nazlım Suna Öz, claiming she forged documents over their father’s inheritance.
Parents often think that adding a child’s name to an account is a good idea. Unfortunately, disastrous results can occur from this seemingly innocent action.
When you’re planning to divide your estate unequally, explain the reasons to your heirs, and remember: They might be hurt anyway.
Protecting a nest egg is tough enough. Don’t make the situation far worse.
A will is a legal document, governed by the laws of each state, written to guarantee that your possessions will be left upon your death to the people or organizations you specify.
Qualified Charitable Distributions, which allow Individual Retirement Account holders in their 70s and older to divert some of their federally taxable required distributions to charity while reducing their federally taxable income, are back after a 2020 hiatus.
Aretha Franklin was initially thought to have died without a will, but now still another document that may represent her last wishes has been found.
Age is the prime predictor of COVID-19 risk, but another factor isn’t far behind.
Legislation proposed by Senator Bernie Sanders would dramatically decrease the federal estate tax exemption and limit the ability of many high net worth individuals to engage in estate tax planning.
One of the best ways to prepare for retirement is to set aside money in a tax-advantaged retirement account. Hopefully, you have done so year after year and built a nice nest egg.
Prince Harry told Oprah Winfrey that after being cut off financially by the royal family, he supported his new life in California with his inheritance from Princess Diana.
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