Financial advisors have the opportunity to spur important discussions and bring peace of mind to the uncertainty around the ...

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 ...

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 ...

Some assets, however, may be excluded, affecting the estate's value and tax obligations. Understanding what is included in the gross estate is important for inheritance, taxes, and the executor's ...

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 ...

Super rich people may avoid paying more than $160 billion in taxes every year, the Treasury says. Here are six strategies they use to do that.

Your adjusted gross income, or AGI, is your total income minus specific deductions. AGI determines your eligibility for tax credits, deductions, and retirement account contributions. Subtract the ...