If you own a firearm of monetary or sentimental value, you may wonder how to transfer ownership to your loved ones after you die. In addition to creating a will, you may want to make special arrangements for your weapon.
The SECURE Act changed how beneficiaries of inherited retirement accounts must withdraw these funds. Its passage made it more difficult for individuals to pass their retirement savings on to their heirs without tax liability.
As more people look to adopt environmentally sustainable practices not only in life, but now also in death, ‘green’ alternatives may become more of a norm in the future.
The Tax Cuts and Jobs Act (TCJA) took effect on Jan. 1, 2018, and impacted personal income taxes, estate tax rules, capital gains rules, and much more. The TCJA is scheduled to sunset at the end of 2025. This will lead to significant changes for taxpayers.
Last wills and testaments (also known simply as wills) are not just for the wealthy.
Creating a spendthrift trust for your loved one can limit their spending and your protect wealth.
Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions.
People seek effective estate planning strategies to minimize potential tax burdens and protect their assets. The qualified personal residence trust (QPRT) is a valuable tool in this area. This specialized trust enables individuals to transfer their primary residence or vacation…
Probate litigation occurs during the probate process, the legal process that administers a deceased individual’s estate. When someone passes away, their assets and debts must be settled and distributed according to their valid will or the applicable state laws of…
Currently, more than 51 million Americans are 65 years or older, and that number continues to rise. Medical and technological advancements allow seniors to live longer and better lives than ever before. The expanding needs of the US aging population…
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