Estate planning

Estate planning experts from Bank of America Private Bank, Citi and Trust & Will shared advice on five common hurdles they see when working with couples.

Gifting assets can be a tricky process, especially for wealthier clients. With Valentine's Day around the corner, here are five tips on getting it right.

The bequests can actually result in a bigger tax burden for heirs, which is why such transfers may not be the best way to protect wealth.

Allowing for "give" to cover future imponderables protects donors and beneficiaries alike, writes a trusts and estates attorney.

The large gift to charity would have helped reduce what Musk has described as the biggest tax bill in US history.

Estate planning experts at JP Morgan, Bank of America, UBS, Morgan Stanley, Wells Fargo and other firms weigh in on how client needs and interests, as well as industry practices, have changed.

From an experienced CEO to a new trading assistant, the finance planning industry is filled with an array of insightful career journeys.

An anxious father with a disabled child considers the unthinkable: Withdrawing his entire retirement plan.

Beneficiaries won't get hit with a 50% penalty for not making withdrawals in 2021 and 2022 — an unexpected move by the IRS. But questions still remain.

New rules on "portability" mean that a surviving spouse can lock in her deceased partner's exclusion years after exemption levels decrease come 2026.

Some favorite techniques used by the wealthy in recent years aren't looking so good amid higher interest rates.

The contracts can shield one spouse from another's debt and spell out what happens when one party earns more than the other.

A good deed for an elderly neighbor reaps rewards — but as the infomercials say, "Wait, there's more!"

Think you’ve locked in your high exemption from gift and estate taxes? The agency suggests a rethink.

Grantor-retained annuity trusts thrive in a volatile stock market. Here are the lucrative tax reasons.

Biden’s 2023 budget could be DOA, but advisors still have to shepherd clients tired of yet another round of talk about tax increases.

The bill would raise the required age to begin withdrawing money from retirement accounts to 75 from 72.

Ending tax-free wealth transfers through the longstanding step-up in basis loophole is among the proposals.

R. David Yost and his soon-to-be-former son-in-law are slugging it out in court over allegations of tax evasion.

Gift tax returns and the wealth transfer strategies they reflect don’t face the same IRS logjams as individual returns.