Baby boomers have an estimated $30 billion to leave to their kids over the next 30 years or so. But there are right and wrong ways on how to do it…more
If you don’t need the money in your IRA in your lifetime, you can “stretch” it by passing it on to your heirs…more
Many boomers are now faced with caring for aging parents, and are doing it themselves because of the high costs of in-home care. But if you choose to do provide such care to your parents, you may be putting both your finances…more
More than 35 million people worldwide are suffering from Alzheimer’s disease or dementia, and that number is expected to triple by 2050…more
Same-sex married couples may now check the “married” box on their federal tax returns even if their own states do not recognize their unions.
Some of those couples will find themselves paying less than before, while others…more
A Pennsylvania woman has won a chance to argue in court that she should not lose her $280,000 home over an unpaid $6.30 in interest charges on her tax bill.
A higher court said a lower court should have given Eileen Battisti…more
The last thing most couples want to do in the midst of wedding planning is to bring up the sore subject of money -- and whether they should have a prenuptial agreement, often called a prenup.
But if the marriage does end in…more
The state of New York now says it will give same-sex couples a refund for estate taxes paid before gay marriage was recognized under federal law.
It is important to get your will right. Even top celebrities, who have access to the best legal advice, mess them up all the time. Actor James Gandolfini is the latest who apparently didn’t do the best job…more
Portability means the ability to transfer the federal estate tax exemption from the estate of the first spouse to die to the estate of the second spouse to die. This provision was going to expire this year but did not, so it is…more
In the next decade, millions of baby boomers who own their own businesses will have to decide what to do with them as they retire. If they have no heirs to take the businesses over, they will probably sell them if they can to…more
Americans are generous people. Every year we give billions to thousands of charities that purport to do good work. But there are lots of bad charities out there. You have to investigate before you give…more
A bipartisan group of lawmakers has introduced legislation that would fully repeal the estate tax.
The bill would permanently repeal the estate tax and lower the gift tax to 35 percent with a $5 million exemption.
The Supreme Court recently ruled that the ex-wife and not the widow of a deceased man was entitled to his life insurance payout…more
When drawing up your estate plan, there are many things to consider. Do you need a will? Should you use an attorney? Do you even need an estate plan? Should you set up trusts for your children? What happens if you become…more
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