estate planning

33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
November 22, 2021
Estate Tax Exemption Amount Goes Up for 2022
taxes

Estate Tax Exemption Amount Goes Up for 2022

As the estate tax exemption amount increases, fewer estates are subject to the federal tax.
November 10, 2021
18 States With Scary Death Taxes
inheritance

18 States With Scary Death Taxes

Federal estate taxes are no longer a problem for all but the extremely wealthy, but several states have their own estate taxes and inheritance taxes t…
November 10, 2021
A Plan for Rover After You're Gone
estate planning

A Plan for Rover After You're Gone

An owner's illness or death is a common reason for a pet being given up. However, here are some steps you can take to ensure your beloved companion is…
November 9, 2021
Someone Needs to Know Where Your Money Is
personal finance

Someone Needs to Know Where Your Money Is

Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
November 1, 2021

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Minimizing Taxes When You Inherit Money
Financial Planning

Minimizing Taxes When You Inherit Money

Some inherited assets are tax-friendly, but under new rules, others come with a hefty tax bill. We help you get the most out of a legacy.
October 29, 2021
What to Do When You’re the Executor
Financial Planning

What to Do When You’re the Executor

You’ll likely need professional help, including an attorney with estate-planning experience, a tax pro and a financial adviser.
October 29, 2021
Estate Planning for Pets: How to Protect Your Furry Friends
estate planning

Estate Planning for Pets: How to Protect Your Furry Friends

Where would your pets go if something happened to you? Who would take care of them, and how would their costs be covered? A pet trust could be the ans…
October 25, 2021
Oh Unlucky Heirs with Tim Steffen
Financial Planning

Oh Unlucky Heirs with Tim Steffen

Just because you’re in the will doesn’t mean you’re sitting pretty. Also: Does October deserve its scary reputation for stocks?
October 5, 2021
Smart Gifting Using Retirement Assets
estate planning

Smart Gifting Using Retirement Assets

Before you think about donating to charity, consider the source. Should you gift money from your stock portfolio or your traditional IRA or 401(k)? Wh…
October 4, 2021
A Smart Option for Transferring Wealth Through Generations: The Dynasty Trust
estate planning

A Smart Option for Transferring Wealth Through Generations: The Dynasty Trust

If you want to protect your family’s legacy from unnecessary taxes, divorce and creditors over the course of many generations, a dynasty trust could b…
October 2, 2021
11 Best Things to Keep in a Safe Deposit Box
savings

11 Best Things to Keep in a Safe Deposit Box

These valuables and documents, along with some items you hold dear, should be stored securely at your bank.
September 25, 2021
9 Things You’ll Regret Keeping in a Safe Deposit Box
savings

9 Things You’ll Regret Keeping in a Safe Deposit Box

Locking up certain important documents and valuables in a bank vault could turn into a headache for you or your heirs.
September 24, 2021
Tax Changes and Key Amounts for the 2021 Tax Year
tax law

Tax Changes and Key Amounts for the 2021 Tax Year

Americans are facing a long list of tax changes for the 2021 tax year. Smart taxpayers will start planning for them now.
September 23, 2021
5 of the Worst Assets to Inherit
inheritance

5 of the Worst Assets to Inherit

If you’re planning an inheritance, be careful about leaving these assets to a loved one. They may create more trouble than they’re worth.
September 14, 2021
What a Beneficiary Controlled Trust Can Do to Protect Your Legacy After You Are Gone
estate planning

What a Beneficiary Controlled Trust Can Do to Protect Your Legacy After You Are Gone

Life is messy sometimes. Divorce, bankruptcies and lawsuits happen, and they can potentially wipe out the inheritance you’ve carefully set aside for y…
September 13, 2021
You Could Accidentally Disinherit Your Children Unless You Follow This Obscure Rule
estate planning

You Could Accidentally Disinherit Your Children Unless You Follow This Obscure Rule

True story: A father with three kids put them down as the beneficiaries of his nearly $250,000 401(k) account – but when he died, they got nothing. It…
September 10, 2021
It’s Never Too Late for a Family Meeting – Here’s How to Do Them Well
estate planning

It’s Never Too Late for a Family Meeting – Here’s How to Do Them Well

When there is a large inheritance at stake (or even when there isn’t), it’s a great idea to get everyone on the same page. A family meeting can make t…
September 1, 2021
4 Reasons Families Fail When Transferring Wealth
estate planning

4 Reasons Families Fail When Transferring Wealth

Several things can go wrong when a family tries to pass its wealth down to the next generation. To keep your own wealth transfer on track, keep these …
August 29, 2021
How Does a Spendthrift Trust Differ from an Asset Protection Trust?
estate planning

How Does a Spendthrift Trust Differ from an Asset Protection Trust?

Spendthrift trusts include similar protections to an asset protection trust and are more widely respected in other states, but they also come with the…
August 6, 2021
2021 Estate Planning Checkup: Is Your Estate Plan Up to Date?
estate planning

2021 Estate Planning Checkup: Is Your Estate Plan Up to Date?

Every so often, it’s smart to methodically go through your estate planning documents and see if any tweaks are needed. Here’s a checklist to guide you…
July 28, 2021
What to Consider When Deciding Between a Revocable and Irrevocable Trust
estate planning

What to Consider When Deciding Between a Revocable and Irrevocable Trust

There are important differences between the two types of trusts, including the amount of control you'll have over your assets.
July 14, 2021
Britney Spears’ Sad Song … Warning: This Could Happen to You
estate planning

Britney Spears’ Sad Song … Warning: This Could Happen to You

Being forced into conservatorship and losing all control over your life isn’t something that just happens in movies, like Netflix’s dark drama "I Care…
July 14, 2021
Myth: Life Insurance is NOT Taxable
insurance

Myth: Life Insurance is NOT Taxable

The reality is that life insurance is treated as an asset in your estate. And if the payout pushes your estate past federal or state estate tax exclus…
July 12, 2021
Smart Ways to Handle an Inheritance
inheritance

Smart Ways to Handle an Inheritance

A bequest could change your life, but don’t quit your day job.
June 30, 2021