Life insurance policies are held in trust and can be an effective way of settling the IHT bill of an estate. Both types of policy pay out in the event of death, ensuring heirs are not forced to sell ...

When it comes time for a business owner to transition or sell their business, taxes tend to be one of the most important ...

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable ...

That means two things. First, you could legitimately move half the money into another account for your son, preferably with ...

A transfer tax is a duty collected on the transfer of property from one individual or entity to another. Transfer taxes can ...

Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a ...

Some heirs have time to prepare. They know how much they’re going to get because a parent, grandparent or spouse has told ...

Nebraska voters could have the chance to outlaw property, income and inheritance taxes under a proposed constitutional ...

When you inherit a property, the decision to keep, rent, or sell can feel overwhelming, especially when emotions are involved ...

In the event you suddenly receive a windfall of money, there is no question that it can make anyone nervous and excited. The ...

My husband is inheriting a house from elderly friends, in his name only. It's worth $1 million or more. We do not live in a community-property state. We have one son who is now a young adult. We will ...

The heirs of late Samsung chair Lee Kun-hee have sold a luxury villa in Seoul ’s Itaewon district for 22.8 billion won (£13m) ...