Dealing with death of a loved one involves grief, loss and the legal process. This article provides a good overview of what to expect on the legal and financial side of things.
Predictions for 2024 inflation adjustments: the estate and gift exemption will adjust to $13,610,000 per taxpayer, and the annual exclusion will adjust to $18,000 per donor/donee.
As we approach the extended tax filing deadline, what are the options for reporting the income tax on grantor trusts?
The estate tax rules are complicated when non-US citizens reside in the US or have US situs property.
In the era of high estate tax exemptions, preserving basis and fully utilizing the adjustment at death are important elements of estate planning.
Don’t neglect to arrange your end-of-life affairs; it’s the most generous favor you do your family.