The amount of assets people wish to leave to their heirs is often substantially eroded by income taxes and long term care costs. Proper professional advice is often a key to avoiding this negative outcome..
A popular technique is to use a qualified terminable interest property (QTIP) trust.
A ruling that Michael Jackson’s image and likeness at the time of his death were worth about $157 million less than the IRS estimated warns the agency not to look too far down the road, when assessing the value of a celebrity’s estate.
Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis.
Every time you pay by check, you hand your bank account numbers to a stranger.
The pandemic has kept our aging parents away from us and us away from them for over a year. This isolation is not total. Some people have access, some ignore warnings and some are intent on using the pandemic to hide their actions.
With the threat of COVID-19, we’ve all come face-to-face with our mortality, but are you prepared for the worst?
In addition to reintroducing the Medicare at 50 Act, Senator Gillibrand and her colleagues also called on the Biden administration to expand and improve the Medicare program as part of the American Families Plan.
Not every power of attorney will be sufficient to manage your affairs, if you become incapacitated.
Estate planning isn’t just about hard assets anymore. Who will read your email when you die?
You may love your son-in-law or daughter-in-law now, but that could change down the road. So, if you don’t want your money going to your child’s future ex, here’s what you should do.
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