The new tax law reshapes Roth conversion planning, with updated deductions and income rules that could work for—or against—you. Now is the time to review your strategy with your estate planning and tax advisors.
Murdoch’s succession plan sheds light on whether an irrevocable trust can truly be changed, revealing key insights for estate planning.
For a long time, the Social Security Trustees have been warning that the retirement benefits system is facing some future financial hardships.
Learn from Elvis Presley’s estate planning mistakes and see how a comprehensive plan can help protect your family’s legacy and minimize future conflicts.
Thinking of buying a second home? Beware of real estate pitfalls when purchasing your vacation house.
Affluent estate owners are opting to support their children and grandchildren financially during their lifetimes. We explore three strategies that can maximize tax-free giving to consider in your estate planning.
Understanding trusts and their tax nuances can empower you to make informed decisions regarding the type of trust you choose for your estate planning purposes.
As an estate planning attorney, I frequently encounter clients uncertain about the distinctions between grantor and non-grantor trusts. These types of trusts are fundamental in estate planning, offering various benefits and implications, particularly in tax planning and asset management. This article will discuss the key differences between…
The federal gift, estate, and generation-skipping transfer (GST) tax exemptions and the annual exclusion from gift tax are historically high due to a temporary increase under the Tax Cuts and Jobs Act.
Estate planning involves both trust funds and wills to help ensure the smooth transition of assets to your beneficiaries.
