To be eligible to claim valuable charitable deductions, you must substantiate your gifts with specific documentation. Here’s a breakdown of the rules.
Valuation is not the only factor to consider when evaluating stock allocations.
When creating a will, most people focus on the big-ticket items — including who gets the house, the car and specific family heirlooms. But one element that’s often overlooked is the residuary clause. This clause determines what happens to the
A do-it-yourself (DIY) estate plan may seem appealing to those who feel confident managing their own affairs and want to save money. With the abundance of online templates and legal software, it’s easier than ever to draft a will, establish
When conducting your beneficiary review, ensure that you’ve named a contingent beneficiary for each asset.
When it comes to estate planning, one of the more nuanced tools available is a quiet trust (also known as a “silent” trust). Unlike a traditional trust, a quiet trust keeps beneficiaries — often children or young adults — in the
On September 17, the Federal Open Market Committee (FOMC) cut its key interest rate by 0.25% (25 basis points or bps) to 4.00-4.25%.
The banking industry has sounded alarms about a surge in spoofing (when a scammer mimics a trusted entity to deceive and steal) and impersonation scams powered by artificial intelligence (AI).
For family business owners, an estate plan and a succession plan often work in tandem, ensuring that both personal and business affairs transition smoothly. Your estate plan can help ensure that your assets are distributed according to your wishes and
A custodial account offers a flexible way to save for your child’s future, but compare it to other options, such as education-specific savings vehicles and the new Trump Accounts.
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