Estate taxes

Those who fail to meet the cutoff face a hefty penalty that could hit as much as 25% of their dues.

The agency is asking taxpayers to account for multiple jobs within a household and to factor in the $2,000 child tax credit for each kid under 17.

Advisors are ensuring that multibillion dollar estates go exactly where HNW clients want them to go.

The Trump administration unveiled its proposed budget that includes provisions that would enable Medicare beneficiaries to contribute to a health savings account.

No client wants to pay up. But, some could benefit from more tax exposure in retirement than actual spending.

Professionals from family offices, investment managers, estate planners, art advisors and other disciplines describe mistakes they’ve seen.

The law now creates a different method of caring for relatives while preserving the family’s financial plan, a John Hancock associate counsel writes.

These are the best and worst places to consider based on total tax burdens.

The Trump tax overhaul could mean less after-tax money to go around.

The Microsoft co-founder had no direct inheritors to his wealth, but other family members and potential investors are seeking a portion of his holdings.

Digital assets are an increasingly important, yet overlooked, part of a client’s profile.

While proceeds from life insurance are not subject to income tax, there are other taxes that will apply. But there are steps to take to avoid those liabilities too.

Both are structured to last a long time — sometimes forever. But beware of one-size-fits-all approaches.

Much of the latest guidance about setting up trusts is overly simplistic and can do a disservice to clients.

Financial advisors should immediately contact clients with prenuptial agreements to see if they’re impacted.

A majority of affluent Americans are likely to adjust their financial plans under the new law, according to the AICPA. Here's how advisors can help.

Addressing the subject of mortality can be tough — but advisors can help make the conversation less painful.

Only 17 states permit these trusts, which can play an important role in planning for income taxes and estate taxes.

Combating these misconceptions may help taxpayers maximize benefits.

When 2018 taxes are due in April 2019, millions of Americans could find themselves owing the government far more than was withheld.