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Late NBA Owner’s Estate Owes Taxes, IRS Says

Late NBA Owner’s Estate Owes Taxes, IRS Says

In a ginormous estate tax battle denouement, the Internal Revenue Service just won $388 million in a settlement with the estate of Detroit Pistons owner

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Avoid These Big Estate Planning Mistakes

Avoid These Big Estate Planning Mistakes

Good luck to your loved ones when you die, because you are going about your estate planning all wrong. According to a recent study from

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IRS Eyes Estate Tax Changes for Wealthy

IRS Eyes Estate Tax Changes for Wealthy

The IRS wants to sharply curtail a favorite tax benefit affecting family partnerships and LLCs. The U.S. Treasury Department is zeroing in on new regulation

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Tax Loopholes May Be Closing for IRAs and Other Retirement Strategies

Tax Loopholes May Be Closing for IRAs and Other Retirement Strategies

The government has a knack for catching on to the most popular loopholes. There are plenty of tips and tricks to maximizing your retirement benefits,

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Millionaires Don’t Like Estate Planning?

Millionaires Don’t Like Estate Planning?

Despite their wealth and business savvy, more than one-third of high-net-worth families have not taken the most basic steps to protect and provide for their

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The Dreadful Generation-Skipping Transfer Tax Explained in Basic Terms

The Dreadful Generation-Skipping Transfer Tax Explained in Basic Terms

The estate tax is one of the most hated taxes in the U.S. tax code, especially among those who are wealthy enough to have to

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Effects of the Supreme Court’s Ruling on Same-Sex Marriage

Effects of the Supreme Court’s Ruling on Same-Sex Marriage

Last week’s historic Supreme Court decision, Obergefell v. Hodges, affirmed a constitutional right to same-sex marriage in all 50 states, opening up tax, estate planning

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Life Estate Can Be a Big Estate Planning Tool

Life Estate Can Be a Big Estate Planning Tool

Most people's most important asset is their home, and protecting it is always a priority. In your retirement, though, the threat of huge, unexpected medical

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Estate Planning Options for High-Wealth Individuals

Estate Planning Options for High-Wealth Individuals

While the federal estate tax exclusion is currently larger than it has ever been at $5.43 million for individuals and $10.86 million for couples because

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Full Disclosure Estate Planning

Full Disclosure Estate Planning

For years, Patrick Severo didn’t understand why people were so reluctant to talk about estate planning. Then the 55-year-old father of three went through the

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Retirement: Are You Ready?

Retirement: Are You Ready?

Believe it or not, the last five years before you retire may be some of the most critical in retirement planning. Don’t wait until the

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What Just Happened? You Need to Consider Estate Planning

What Just Happened? You Need to Consider Estate Planning

With an estate plan, you can ensure that your loved ones are taken care of financially after your death. You can give your family peace

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