Tony Bennett's daughters are suing the trustee of his estate, highlighting the importance of clear estate planning to avoid family disputes.
Tony Bennett's daughters are suing the trustee of his estate, highlighting the importance of clear estate planning to avoid family disputes.
HBO's The Gilded Age dramatizes the privileged lives of some of America's wealthiest families in late 19th century New York City.
Irrevocable trusts can be set up so that the trust maker no longer pays income taxes, and the taxes are instead paid by the trust.
An elderly woman with dementia lives in squalor, lacking the family or money to get the help she needs. Avoid this by planning for long-term skilled nursing care sooner rather than later.
A person requiring long-term care in a nursing home will often require Medicaid benefits to pay for that care as nursing homes costs can average anywhere from $10,000 to $15,000 monthly.
Having a plan in place ensures that your finances and health care are handled by someone you trust.
Givers are optimistic by nature—they believe that through donations and other charitable activities, they will beget change, even if the result is not immediate or tangible.
Retirees face high healthcare costs, spending an average of $7,540 annually. Proper estate planning helps manage these expenses and secure financial stability.
Contrary to common belief, estate planning benefits aren’t exclusive to the ultra-wealthy. The mid-affluent—individuals and married couples poised for significant asset growth—should also consider their future tax exposure.
Revocable trusts are a powerful tool for anyone’s estate planning. Use them to protect your assets during your lifetime, manage taxes and streamline inheritance.
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