If you have a lot of money, understanding estate, gift, and generation-skipping transfer (GST) taxes is really important. Consider thinking about giving gifts or money to your grandchildren while your kids are still alive. It's crucial to know...
You've likely heard of estate and gift taxes, but there's another tax called the generation-skipping transfer (GST) tax that ultra-wealthy families should know about. This tax shapes how wealth passes down through generations and can significantly impact your family's...
The Rockefeller family has a long history of using dynasty trusts to protect their wealth for many generations. It all started with John D. Rockefeller, who founded Standard Oil in 1870. He knew how important it was to keep...
Creating wealth that lasts for generations is something many families strive for, even through adoption. You can achieve this through a tool known as a dynasty trust. This trust operates like a special savings account designed to support your...
February, often seen as the month of love, also holds the title of International Networking Month. In today's world, building relationships with others is crucial for our overall health and mental well-being. Many people work remotely or live far...
As family and friends ready as Valentine's Day approaches, typically a time for expressing love through gifts and cards, consider a distinctive way to show your affection—by contemplating your estate plan.
Embrace this thoughtful planning...
Get ready for some big changes coming in 2026 that might affect how much money you can leave to your loved ones without extra taxes. Right now, the government says you can leave up to $10 million without paying...
In 2024, it's crucial to review your estate plans due to potential changes in estate tax laws by the end of 2025 under the Tax Cuts and Jobs Act. This law might reduce the estate tax exemption, a limit...
Life is full of unexpected events, and while we often care to plan for many eventualities, our beloved pets might sometimes get overlooked. Ensuring their well-being during unforeseen circumstances is crucial. Here's a deeper dive into planning for your...
In 2023, most families in the US have a pet. A survey found that many dog owners plan to spend money on their pets, with some spending a lot each year. Sometimes, unexpected vet bills can add up. People...
