Example. A trust maker wants to set up an asset protection trust that is as tax-efficient as possible, accounting for capital gains taxes and estate taxes. The trust maker’s gross estate has a ...

The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, ...

Although it may seem like it is a good idea to permanently remove assets from the gross estate for transfer tax purposes, making a completed gift is often a costly tax mistake that will result in ...

The federal estate tax applies to combined gross assets and prior taxable gifts that exceed $11.7 million per individual and $23.4 million for couples in 2021. However, some states have lower ...

but only if the estate is subject to tax. Here’s a breakdown of when funeral expenses are tax deductible, how to document these expenses for estate deductions and alternative options for ...

Mayor Cherelle Parker said it’s about balancing the city’s books during a time of financial uncertainty while offering some relief to businesses.

Mayor Cherelle Parker's $6.7M budget proposal includes borrowing $800M for her housing initiative and eliminating ...