Showing 1 to 12 of 50 results
Beneficiary Designations: Protecting Your Legacy
This article emphasizes the critical importance of designating beneficiaries on financial accounts to avoid probate and ensure smooth asset distribution after death, highlighting the precedence of beneficiary designations over wills or trusts.
Beneficiary Designations: Protecting Your Legacy
This article emphasizes the critical importance of designating beneficiaries on financial accounts to avoid probate and ensure smooth asset distribution after death, highlighting the precedence of beneficiary designations over wills or trusts.
Progress
16% Bias Score
Women Take Charge: Mastering Family Finances for a Smooth Wealth Transfer
This article emphasizes the increasing role of women in managing family finances, especially during wealth transfer, highlighting the need for proactive organization and planning to mitigate stress and ensure financial security.
Women Take Charge: Mastering Family Finances for a Smooth Wealth Transfer
This article emphasizes the increasing role of women in managing family finances, especially during wealth transfer, highlighting the need for proactive organization and planning to mitigate stress and ensure financial security.
Progress
64% Bias Score
Trusts in the UK: Tax Implications and Costs
The number of active trusts in the UK has risen to 733,000 in August 2024, highlighting the increasing use of trusts for estate planning and tax reduction, but their complexity leads to potential pitfalls.
Trusts in the UK: Tax Implications and Costs
The number of active trusts in the UK has risen to 733,000 in August 2024, highlighting the increasing use of trusts for estate planning and tax reduction, but their complexity leads to potential pitfalls.
Progress
20% Bias Score
UK Government Considers Major Inheritance Tax Reforms
The UK government is considering major changes to inheritance tax rules, including a potential lifetime gifting allowance, to increase tax revenue and address the growing number of people avoiding IHT through pre-death gifting, with implications for family wealth transfer.
UK Government Considers Major Inheritance Tax Reforms
The UK government is considering major changes to inheritance tax rules, including a potential lifetime gifting allowance, to increase tax revenue and address the growing number of people avoiding IHT through pre-death gifting, with implications for family wealth transfer.
Progress
40% Bias Score
UK Inheritance Tax to Include Pensions from 2027
The UK government will tax pension assets as part of inheritance tax from 2027, impacting millions of families and potentially doubling the number of estates paying this tax by 2030, increasing government revenue by an estimated £1.5 billion annually.
UK Inheritance Tax to Include Pensions from 2027
The UK government will tax pension assets as part of inheritance tax from 2027, impacting millions of families and potentially doubling the number of estates paying this tax by 2030, increasing government revenue by an estimated £1.5 billion annually.
Progress
48% Bias Score
German "Nießbrauch": Reducing Inheritance Tax Through Asset Transfer
German inheritance law's "Nießbrauch" allows asset transfer while retaining usage rights, reducing gift tax by lowering the asset's taxable value; the value of these rights depends on the grantor's age, with younger grantors seeing a larger reduction.
German "Nießbrauch": Reducing Inheritance Tax Through Asset Transfer
German inheritance law's "Nießbrauch" allows asset transfer while retaining usage rights, reducing gift tax by lowering the asset's taxable value; the value of these rights depends on the grantor's age, with younger grantors seeing a larger reduction.
Progress
36% Bias Score
Hidden Costs of Scattered Retirement Savings
Many high earners unknowingly hold retirement assets across numerous accounts, leading to hidden costs like increased fees and inefficient investment strategies, hindering effective retirement planning, according to John D. Davis, CEO of Legacy Wealth Management.
Hidden Costs of Scattered Retirement Savings
Many high earners unknowingly hold retirement assets across numerous accounts, leading to hidden costs like increased fees and inefficient investment strategies, hindering effective retirement planning, according to John D. Davis, CEO of Legacy Wealth Management.
Progress
24% Bias Score
Planning for Registered Education Savings Plans (RESPs) in Wills
To ensure child beneficiaries inherit RESP benefits, parents and grandparents should specify RESP instructions in their wills, naming a successor subscriber to avoid plan collapse and potential tax liabilities upon death.
Planning for Registered Education Savings Plans (RESPs) in Wills
To ensure child beneficiaries inherit RESP benefits, parents and grandparents should specify RESP instructions in their wills, naming a successor subscriber to avoid plan collapse and potential tax liabilities upon death.
Progress
16% Bias Score
Estate Planning Urgency for Black Millennial Women
Over 300,000 Black millennial women left the workforce in 2024, highlighting the urgent need for estate planning; only 33% of U.S. adults have wills, with Black households significantly less likely; new platforms like InHeirit aim to simplify the process.
Estate Planning Urgency for Black Millennial Women
Over 300,000 Black millennial women left the workforce in 2024, highlighting the urgent need for estate planning; only 33% of U.S. adults have wills, with Black households significantly less likely; new platforms like InHeirit aim to simplify the process.
Progress
40% Bias Score
OBBBA Reshapes California Tax Landscape for High-Income Business Owners
The "One Big Beautiful Bill Act" (OBBBA) in California permanently extends the QBI deduction, increases QSBS tax-free sale limits, raises the SALT deduction cap to $40,000 (with phase-downs above $500,000), reinstates 100% bonus depreciation, increases Section 179 deductions, and raises the estate a...
OBBBA Reshapes California Tax Landscape for High-Income Business Owners
The "One Big Beautiful Bill Act" (OBBBA) in California permanently extends the QBI deduction, increases QSBS tax-free sale limits, raises the SALT deduction cap to $40,000 (with phase-downs above $500,000), reinstates 100% bonus depreciation, increases Section 179 deductions, and raises the estate a...
Progress
64% Bias Score
Estate Freeze Minimizes Tax Liability for $7 Million in Assets
Jack and Janine, a couple in their late 50s with $7 million in assets, are implementing a tax-advantaged estate freeze using Section 85, triggering a capital gain to utilize their lifetime capital gains exemptions, thus minimizing future tax liabilities and transferring asset growth to a family trus...
Estate Freeze Minimizes Tax Liability for $7 Million in Assets
Jack and Janine, a couple in their late 50s with $7 million in assets, are implementing a tax-advantaged estate freeze using Section 85, triggering a capital gain to utilize their lifetime capital gains exemptions, thus minimizing future tax liabilities and transferring asset growth to a family trus...
Progress
56% Bias Score
Inheritance Tax Triples as Families Misunderstand Gifting Rules
In 2024-25, £61 million in inheritance tax was levied on 220 estates due to incorrectly executed gifts, where families retained benefits of gifted assets; this issue is expected to worsen as pension inclusion in inheritance tax calculations takes effect in 2027.
Inheritance Tax Triples as Families Misunderstand Gifting Rules
In 2024-25, £61 million in inheritance tax was levied on 220 estates due to incorrectly executed gifts, where families retained benefits of gifted assets; this issue is expected to worsen as pension inclusion in inheritance tax calculations takes effect in 2027.
Progress
52% Bias Score
Showing 1 to 12 of 50 results