Inheriting an IRA can feel like stepping into a labyrinth of rules. Here’s a quick guide to help you navigate the twists and turns.

The allure of balmy southern winters beckons many retirees considering a change of residence. However, navigating the legal complexities of residency changes requires careful attention to tax and estate planning.

Have you ever opened a bank account for a temporary purpose, like holding house sale proceeds? These accounts might seem insignificant, but if you forget to designate beneficiaries, they can create a major headache for your loved ones after you’re gone.

While reviewing your estate planning documents may not be at the top of your to-do list, it’s a crucial aspect of financial preparedness. Like regular medical checkups, proactive attention ensures your estate plan aligns with your current circumstances and legal landscape.

Even the closest families can be fractured by disagreements after a loved one’s passing. This is especially true when it comes to inheriting assets. While you might imagine your children getting along seamlessly, it’s important to plan for all possibilities.

While your chances of winning the lottery are slim, you may inherit a significant amount of money (or an asset or investment) during your lifetime. Before dreaming of a new sports car, consider these strategies to help manage your windfall.

Think you’re done with estate planning once you’ve signed your will or trust? Think again! A truly ideal estate plan requires a harmonious alignment of beneficiary designations, asset titles, and legal documents.

Estate planning often focuses on tangible assets, but what about your digital footprint? By proactively managing your online presence, you can help ensure a smooth transition for your heirs and safeguard your digital legacy.

Assuming the role of an executor for a loved one’s estate involves navigating various responsibilities that may seem daunting, ranging from legal obligations to overseeing asset management and estate distribution.

The Tax Cuts & Jobs Act lowered tax rates for many individuals and married couples. If allowed to sunset on Dec. 31, 2025, tax rates could revert to their 2017 levels.

Being an executor is a difficult and time-consuming task, which is why it’s important to make the process as easy as possible for the loved ones you leave behind. Preparing in advance not only helps you ensure the best outcome, but it also helps your executor feel confident that they’re acting in accordance with your wishes.

While many American families will still be exempt from paying federal estate tax in 2026, some wealthy families may be caught off guard by this monumental change. What can you do to prepare?