One of the biggest wealth transfers our nation has ever seen is about to take place. Over the next 25 years, as much as $68 trillion of wealth will be passed to succeeding generations.
The heirs of Samsung Electronics Co. Chairman Lee Kun-hee, who died this year, could face billions of dollars in inheritance taxes. However, that doesn’t necessarily mean they’ll have to cede control over the group by selling shares.
Trusts are an essential part of most estate plans, even the plans of people with moderate wealth. You need to know the basics of trusts, especially the key terms and concepts of the most widely-used types of trusts.
Death and taxes may be certainties of life, but how much tax your family pays upon your death is still within your control to a certain degree.
Thanks in part to the economic impact of the COVID-19 pandemic, don’t bank on a big cost-of-living adjustment (COLA) for your Social Security benefits in 2021.
There’s nothing like a once-in-a-lifetime global pandemic to focus one’s thinking. This year has been one for the books.
The federal estate tax exemption is going up again for 2021.
It is surprisingly easy and common to make mistakes when designating beneficiaries on retirement and investment accounts.
Do you have accounts, records or information that are accessed using your mobile phone, through an internet connection, or by using a keyboard or through a touch-screen or tablet?
When dealing with the emotional pain of the loss of a loved one, family members also have to address daunting administrative tasks.
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