If your estate is worth $11.58 million or more, any dollar amount over that amount will be subject to federal estate tax of 40%. The threshold is likely to reduce in the future. If you are a high-asset couple, efficient estate planning could potentially save you...
When you achieve personal or professional success, you'll likely have a considerable amount of wealth. You'll know by now that to maintain and grow your wealth, it's vital that it's managed wisely. The more wealth you accumulate, the more time you'll need to invest in...
They say that the only things we can count on are death and taxes. For some people, the former leads to the latter -- if they don't plan ahead properly. Estate taxes, also known as "death taxes," are controversial, but they are not an issue for most estates. For the...
There is no doubt that estate planning can bring up some negative feelings. Some people don’t want to think about their eventual deaths or what will happen in their futures. It makes sense, but at the same time, having the right estate plan in place can help protect...
Creating an estate plan is a crucial part of planning for your future. However, the initial process of creating one is not the only important aspect of estate planning. Many people do not realize that they need to review and update their estate plan periodically in...
Receiving a sizable inheritance is often the result of a loved one taking the effort to create a comprehensive estate plan to protect their assets and allocate them to others after they die. If you have received a significant amount of money or physical assets, like...
As you plan for your estate and what will happen if you’re badly injured or pass away, something you have to consider is the financial implications of the situation. It’s important that you prepare for the potential taxation of the estate and set up beneficiary...
Planning an estate is often something people have to do multiple times during their lives. The circumstances you had when you were a young professional may be very different from those when you're getting ready to retire. As you age, you will likely acquire more...
As more of our life goes online, it is essential to consider what happens to your digital life when you die. Your estate plan needs to cover your digital assets, not just your physical assets. What does this mean? Digital assets are anything stored digitally. These...
The idea of being able to pass something on for the next generation is something people around the world strive for. However, for those with substantial assets, an inheritance could produce negative effects for the next generation. Children who grow up surrounded by...
