Why Updating Beneficiaries is Crucial After Life Changes
Properly naming beneficiaries ensures that your assets are transferred smoothly and according to your wishes, bypassing the lengthy and costly probate process.
Death
Tax Guidance for Surviving Spouses: Key Considerations
Surviving a spouse’s death brings emotional and financial challenges. Learn about key tax implications to ensure compliance and secure financial stability,
Minimize a Surviving Spouse’s Estate Tax
The portability election allows a surviving spouse to use the deceased spouse’s unused estate tax exclusion, potentially reducing their own estate tax.
Navigating the Legacy: A Comprehensive Guide to Estate Planning for Baby Boomers
Discover the critical steps to safeguard your family’s financial future. Learn how to address common challenges, from unpaid debts to tax issues, and create a comprehensive estate plan for lasting peace of mind.
Divorced, Separated, Married or Widowed This Year? Unpleasant Surprises May Await You at Tax Time
Taxpayers are frequently blindsided when their filing status changes because of a life event such as marriage, divorce, separation or the death of a spouse.
What happens if you die without a will?
When it comes to what happens when you pass away without leaving a will, the answer unfortunately varies depending on which state you live in. Learn more.
Portability of Unused Estate Tax Exclusion
Tax law provides a special benefit that allows a surviving spouse to make what is called a portability election. The portability election essentially allows the surviving spouse to add their deceased spouse’s unused estate tax exclusion to their own.
Is Your Will or Trust Up-to-Date?
When was the last time you or your attorney reviewed or updated your will or trust?
Inheritances Enjoy a Special Tax Benefit
Stepped-Up Basis refers to a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property. Learn more