Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have ...

Once a taxpayer has used up their Gift Tax exemption it could mean paying a tax rate of up to 40 percent. In the United States, federal gift taxes are applied to the transfer of property or money ...

If you’ve been holding off on estate planning for your farming or ranching operation, I advise you to make 2025 the year you ...

These trusts fall into two primary categories, that differ by the timing of the charitable distributions: Both CLTs and CRTs offer potential tax advantages, including income, gift, and estate tax ...

The potential impacts of proposed Trump-aligned tax reforms on estate planning means families and advisors must proactively ...

Mega Millions changes on April 5 will make winning easier and more lucrative for players. Don't expect taxes to be though if you win. What to know.

A recent Tax Court order highlights the gift and estate planning opportunities afforded when a senior family member makes ...

Taxing the rich is a policy typically associated with Democrats. Since most voters think the wealthy don’t pay enough in ...

For example, say that you'd like to give $65,000 to your daughter and her husband. In most, but not all cases, you will not owe any taxes. In some cases, you’ll have to file some extra paperwork ...

From a gift and estate tax planning perspective, economic downturns offer unique leverage, allowing clients to transfer wealth more efficiently, reduce estate tax exposure, and position themselves ...

Finance Secretary Ralph Recto earlier announced plans to increase the rates for capital gains, donor and estate taxes to 10 percent from the present six percent ...