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News
Tax-Savvy Ways to Leave Money to Your Kids
1+ day, 17+ hour ago (483+ words) For many families, it’s essential to provide some kind of a financial safety net to your children. But if you’re not careful, taxation could significantly erode the value of that wealth and even leave you open to hefty estate taxes....
Family Values Should Be Part of Your Talks About Inheritance Plans: Expert
3+ week, 3+ day ago (114+ words) Trillions of dollars are expected to pass from older Americans to younger generations over the next two decades. What would you like to watch today? Family Values Should Be Part of Your Talks About Inheritance Plans: Expert NTD Good Morning…...
Estate Planning Mistakes Even the Wealthy Can Fall For
1+ mon, 1+ week ago (187+ words) You may have an estate plan and believe you’re all set. But as life events occur, laws change, and the financial world evolves, you may actually be falling behind what you need. So make sure these are off your checklist....
The Estate Planning Mistake That Could Leave Your Family With Nothing
1+ mon, 3+ week ago (599+ words) A friend’s father passed away last spring with $1.2 million in assets and no will. No trust, no beneficiary designations updated since the 1990s, no power of attorney documents. His ex-wife—not his current partner of 15 years—was still listed as the…...
Is Multifamily Real Estate Headed for the Bottom? | August Biniaz
2+ mon, 3+ week ago (200+ words) Renting is now cheaper than owning across the largest U.S. metros, even with home prices still sharply above where they sat in 2020. Multifamily real estate has taken a real hit in some of the most overbuilt Sun Belt markets, and nearly…...
The Digital Estate You Forgot to Plan For: A Checklist Before Your Family Gets Locked Out
2+ mon, 3+ week ago (203+ words) How do I give my family access to my passwords? For most families, the honest answer is no. And the legal framework that was supposed to fix this is now running into a wall of platform technicalities. Step 1: Build Your…...
Don’t Make These Estate Executor Mistakes
5+ mon, 6+ day ago (390+ words) Being named an executor of someone’s estate is a serious responsibility. Executors are responsible for locating the will, determining whether probate is necessary, and notifying banks, credit card companies, and government agencies. But these responsibilities may be the tip of…...
Estate Planning 101: What You Need to Know About the Step-Up in Cost Basis
5+ mon, 1+ week ago (418+ words) If you are inheriting property such as a stock portfolio or real estate, you may benefit immensely from the step-up in cost basis rule. Some even call it a tax loophole, but it was made possible by Section 1014(a) of the…...
Should You Put Your House in a Trust?
5+ mon, 1+ week ago (475+ words) Your home is perhaps your most valuable and significant asset. And to maintain your legacy, you’re going to want to make sure that your property passes on to your desired beneficiaries as smoothly as possible. Here’s where a trust can…...
Revocable Trust or Irrevocable Trust: Which Is Right for You?
6+ mon, 3+ week ago (476+ words) Trusts can be essential tools of any estate-planning strategy. You can transfer all sorts of assets like cash and real estate to these trusts, which then can be distributed to your heirs based upon your wishes upon death. But not…...