It happens all the time, right? People are always moving to avoid high taxes. Either they are moving out of the country or from one state to another.
Well, not really.
Recently, French actor Gerard Depardieu said he might…more
The 2012 Presidential election was all about taxes -- the Democrats said the rich were not paying their fair share and the nation agreed. During the campaign, Warren Buffett, one of the world’s richest men, complained that he…more
A man who died last summer in Illinois left his million dollar estate to two actors he never met.
According to an article on ABC’s Good Morning America web site, Ray Fulk, who was 71 when he died, left the two actors a half…more
Now that the confusion over the federal estate tax is resolved -- the $5 million exemption is now permanent -- you may think that’s the last you’ll have to worry about estate taxes and exemptions.
Each state has its…more
There’s an important new financial strategy that can be used only once in a lifetime, but which every wealthy married person ought to know about.
It involves a tax break for widows and widowers that was made permanent by the…more
It’s a fact: married people are generally wealthier than singles.
Of course, that may seem obvious. Two people can live more cheaply together than apart. But a study done at Ohio State University found that, over and above…more
Forbes blogger Deborah Jacobs has written a book that will tell you everything you need to know about estate planning.
It is called “Estate Planning Smarts” and it is described as a “user friendly, action oriented guide” to…more
You don’t need a lawyer for everything, but there are a few times in life when hiring a lawyer is a necessity…more
As you probably know by now, the issue of the estate tax exemption was finally resolved by Congress without major changes being made.
The lifetime exemption will remain at $5.12 million, although the tax rate for amounts over…more
Estate planning is just for old people, right?
Not necessarily, An article in Forbes magazine says that way too many people of all ages and various situations not only don’t have an estate plan, but they may not even have…more
Although men usually spend more time worrying about estate planning, the truth is that it is actually more important for women.
That’s because estate planning affects women more profoundly because they live longer.
If you are planning to leave property or other assets to heirs by using a trust, one of the most important considerations is deciding who will run the trust once you are gone.
The person you chose -- your fiduciary -- is…more
Teenagers who grew up during the big recession may not have learned anything from it.
A study by TD Ameritrade found that 40 percent of those in Generation Z, now between the ages of 13 and 22, think they are going to get a…more
A common theme in the discussion of the country’s economic future is that having so many seniors in the population will drain the nation’s financial resources.
But there is another way to look at it. Seniors could be the…more
Baby boomers are expected to leave $30 trillion to their heirs in the next 30 to 40 years. That’s a lot of rich kids in the making. But if you are one of those who has a large estate and is planning to leave it to your kids,…more
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