Inheritance tax is a state-level tax that beneficiaries pay when they receive assets from an estate after somebody has passed away.
Life insurance can be an integral and important part of a well-drafted estate plan. There are numerous benefits to owning a life insurance policy aside from providing a large sum of money to beneficiaries.
As of 2024, you can roll over unspent funds from a 529 plan to a beneficiary-owned Roth IRA. This provision gives families a way to kick-start a young person’s retirement savings.
Each experience with cognitive decline is unique. A person may have trouble with some aspects of their life but still be able to handle others adequately. Recognizing the signs of cognitive decline is key for early intervention.
The U.S. Department of Health and Human Services’ Administration for Community Living has released a report outlining a framework aimed at enhancing quality of life for older Americans.
Many people think that estate plans may be for someone else, but certainly not them. Here are 11 compelling reasons to set up an estate plan, no matter what your age or net worth.
After much anticipation, the Treasury Department and the Internal Revenue Service (IRS) have issued final regulations relating to the 10-year required minimum distribution (RMD) rule for people who inherit individual retirement account (IRA) assets.
Sound estate planning can make the probate process run efficiently and smoothly, protecting your estate’s value and legacy and preserving your family’s well-being. An attorney can help mitigate the risks.
Avoid making these common mistakes that can rapidly affect your inheritance and future plans.
Each year, the Administration on Aging releases its Profile of Older Americans. Understanding this data on older adults can help seniors and their families plan for the future.
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