
What to Do Upon Death of a Spouse
As the surviving spouse, you’ll need to consider housing options, like whether to sell or keep the home, or downsize.
As the surviving spouse, you’ll need to consider housing options, like whether to sell or keep the home, or downsize.
Elvis’ estate planning failures certainly adversely affected the life of his daughter, Lisa Marie, and have carried over into issues with her estate.
Jerry Springer amassed a fortune over a long and storied career.
With his Farewell Yellow Brick Road tour, Elton John confirmed his latest plans for retirement. The final show of the tour in July 2023 will be his last. However, deja vu suggests this might not be the last we see of Elton.
The wealthiest taxpayers have many tools at their disposal to pay less to Uncle Sam. Some tactics, like donating to charity via trusts, might seem far-fetched but are perfectly legal.
If you have a family member with special needs, you might face emotional and physical issues. However, you also may be concerned about maximizing the financial support that your loved one requires.
Federal estate taxes were created in 1916, taxing estates valued at over $5 million. This amount changed to $50 million in 1932. In 1940, it dropped to $10 million, then $5, then $3. In 2002-2007 estates worth more than $2 million paid the tax.
There are certain provisions that people often forget to put in a will or estate plan that can have a big impact on a family.
How this is handled now depends on the plans the deceased made when they were alive. For some people, that might mean probate.
Step-up in basis, also known as stepped-up basis, is a wrinkle in the federal tax code that can help heirs avoid or reduce taxes on inherited assets.