If you have been thinking about making large gifts to take advantage of the current $11,700,000 lifetime federal estate tax exemption, you have probably been contemplating a spousal lifetime access trust, commonly known as a SLAT.
All you have to do is type ‘maximize Social Security’ into Google or any other search engine and you will get hundreds, if not thousands, of hits.
By being very selective about who receives which type of money—whether Traditional or Roth IRAs, after-tax brokerage accounts, life insurance, etc.—you can dramatically cut the share that goes to the IRS and increase the amount going to your family.
There’s plenty of frightening data on retirement planning in the U.S., even before you consider COVID-19.
When a house is sold, the seller is responsible for paying tax on the profit in the year of the sale.
Now that there is a Democratic majority in the Senate and the House of Representatives, estate and gift tax law changes are expected to occur in 2021 or 2022.
Tony Bennett has revealed that he has been living with Alzheimer’s Disease for the last four years.
The Medicaid home care rules will soon change putting seniors who want to stay in their home in a difficult situation.
Over 80 percent of hospitalized COVID-19 patients have neurological symptoms, a Northwestern Medicine health system study found. Even patients who have mild cases of COVID-19 have reported memory loss, trouble focusing and other related problems that can last for months.
Newly elected President Joe Biden has a tall list of priorities in his first days in office, with stemming the pandemic chief among them.
Retirement can be a bigger drag on the assets than all the professional and romantic mistakes put together.
As states address budget woes due to the pandemic, one place they may turn to for revenue as they have in past economic crises is death taxes.
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