The most well-known ‘death’ tax is the Federal Estate and Gift Tax. However, the reality is that few people really have to worry about the cost of federal estate taxes.
With all these anxieties and unknowns weighing on your mind, it might feel like there’s suddenly a pressing need to get your affairs in order―just in case.
If you’re leaning toward choosing guaranteed lifetime income by remaining in the plan instead of taking the lump-sum offer, be sure you have confidence in your employer’s long-term viability.
Certain types of trusts, however, may only be used in very specific situations and a constructive trust is one of them.
Remote mental health care use among Veterans Affairs patients has jumped dramatically as normal medical care appointments were disrupted and veterans forced into self-isolation because of the ongoing coronavirus pandemic.
Simultaneously, T&E practitioners are well aware of the primary risk posed by a GRAT; namely, the mortality of a grantor during the GRAT’s term.
Two pieces of legislation introduced at the federal level aim to support affordable senior housing residents and providers during the COVID-19 pandemic, as well as ensure that elder abuse training materials include individuals with dementia.
Estate planning strategies such as family limited partnerships and gifts to charitable trusts are part of an estate planning professional’s toolbox to achieve client goals, such as minimizing taxes, effectuating philanthropic plans, teaching younger generations about a family business and passing on wealth.
As part of your financial and estate planning, you should make arrangements for your care, in case you become incapacitated.
If there’s a family member or a friend in your life who refuses to do their will and get their estate in order, here are some tips to finally get them to take action.
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