Establishing a scholarship fund allows you to leave a lasting legacy, while also reducing estate taxes and supporting students in need.
The new omnibus budget bill sets the federal estate-tax exemption at $15 million for the next year and provides for the threshold to remain permanently high—but that does not take estate planning off your to-do list.
An inheritance often is seen as a financial windfall. However, there are times when people may want to consider saying thanks, but no thanks.
Considering your charitable giving goals in conjunction with your estate plan is a great way to support the causes you care about, while remaining tax efficient.
Even trusted financial advisors can overlook key estate planning steps—mistakes that may leave your legacy vulnerable.
Estate planning may not be at the top of anyone’s list of fun family activities. However, it can be an opportune time to discuss what’s best for the shared family home.
If you sold holdings at a loss during April’s brutal sell off, you probably took solace that you at least accomplished some tax-loss harvesting.
Relocating in retirement can lower your cost of living—but ignoring state tax differences could cost more than you save.
For those who are fortunate enough to accumulate wealth, passing it along to future generations and donating it to charitable causes are important and laudable financial goals.
In a recent Trading Secrets podcast, fashion designer Rebecca Minkoff revealed that she has a special provision in her trust in case she divorces or dies before her husband, Gavin Bellour.