How Bad Will Your Estate’s Taxes Be?
There were only approximately 1,900 taxable estates in the U.S. in 2018, which is less than 0.1 percent of people who died that year.
How Can Siblings Work Together to Care for Dad?
Old resentments and rivalries often die hard, especially with sibling relationships, and caregiving situations can resurrect these issues.
Failing to Plan for Life Events Could be a Big Mistake
It is estimated that more than 50 percent of all Americans don’t have a will, and in our Future File business, we have estimated that less than 10 percent of the U.S. population has a complete legacy and wishes planning system.
Steps to Take as a Parent’s Condition Takes a Turn
My father only designated my mom as an agent on power of attorney forms, and they have not been updated in many years. Where do you think we should go from here?
Business Exit Planning and Estate Planning
Thinking of exit and estate planning in tandem, allows owners to ask relevant questions to bring their entire picture into focus.
Include These Three Items in Your Will
A will or trust explains what you want to have happen to your assets when you die, hopefully in a very, very long time. While most people understand that a will explains what to do with money, property, and children, there are other parts you might be surprised by.
What Does ‘Portability of Estate Tax’ Mean?
Portability first emerged as an estate planning strategy in 2011 and 2012 from the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. It was made permanent by the American Taxpayer Relief Act of 2012.
Inheriting a House? What You Need to Know
Depending on whether you are the only beneficiary, or you are buying out other beneficiaries, you could move in, rent or sell.
C19 UPDATE: Employers Now May Help Employees with Tax-Free Direct Disaster Relief Assistance
On March 13 President Trump declared a national emergency due to extraordinary circumstances resulting from Coronavirus. This Declaration opens up new methods for employers to provide tax-favored financial assistance to employees affected by the virus.
What Did Kobe Bryant Do for Estate Planning?
The list of wealthy black celebrities who have died without a will in place is a significant one. Names on the list include Prince, who died with a net worth of about $300 million without having a will. So did John Singleton, Aretha Franklin, Jimi Hendrix and the great Bob Marley, to name but a few.