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
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
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
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,
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
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
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
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
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
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
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
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