As mentioned above property transfers between spouses as part of divorce decree or separation agreement are tax-free however, disposing of the property could have unintended tax .
Estate & Trust
A common misconception is that trusts are only for the extremely wealthy, however, there are a host of benefits that trusts can provide to everyone.
Life insurance can benefit individuals and their families in numerous ways.
As Benjamin Franklin once said, “Nothing is certain but death and taxes” so it makes sense to discuss how these two issues are intertwined with each other.
George Steinbrenner, the former Yankees owner, was in the news in 2010 when he died during a period of time when the estate tax was repealed, but the rest of us will likely not be as lucky (bad word choice?) as the estate tax appears to be around for the foreseeable future.
Are you a generous person that regularly donates cash to qualified charitable organizations?
The Bipartisan Budget Act of 2015, which was signed into law on November 2, 2015, is closing some of the advantageous Social Security filing options that were formerly available.