If you’re trying to keep straight all of the tax proposals the Biden administration has recently announced, here’s a handy guide.
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If you wish to leave an educational legacy for future generations, consider using a family education trust.
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With the federal estate tax exemption so large, you may not be worried about estate taxes anymore. But it’s a good time to focus on saving income taxes for your heirs.
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Did you know life insurance proceeds could be included in your taxable estate? You can avoid this by transferring policy ownership, but you shouldn’t wait too long to do it.
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When was the last time you reviewed your estate plan? In light of the coronavirus (COVID-19) outbreak, it’s a good time to review and update your plan to provide yourself some peace of mind.
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You’re likely familiar with the benefits of a health savings account, but did you know it offers estate planning benefits as well?
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Payable-on-death (POD) accounts can be a blessing or a curse to your beneficiaries. Coordinating PODs with your estate plan is critical.
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Today, it’s not unusual for a household to include children and even grandchildren from prior marriages. These various blended family arrangements require specific estate planning strategies.
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Planning on picking up stakes and moving abroad? Before making the move, learn the financial pitfalls and review your estate plan.
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Should you become incapacitated, a durable power of attorney authorizes your agent to manage your financial affairs. But without proper safeguards in place, it’s at risk for abuse.
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A solid gifting strategy often is the backbone of an estate plan. Knowing when a gift tax return must be filed can keep you on the right side of the IRS.
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Basis consistency rules may not be the first thing on your mind if you’re expecting to inherit property from a family member or other loved one. But it may be time to brush up on these regulations.
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The Tax Cuts and Jobs Act (TCJA) made only one change to the federal gift and estate tax regime, but it was a big one. It more than doubled the combined gift and estate tax exemption, as well as the generation-skipping transfer (GST) tax exemption.
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