For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...

Don’t wait for the tax season to be in full swing—start working on your U.S. expat tax return now and get a head start.

Success planning is emerging as a crucial yet often underdeveloped component of wealth management for family offices ...

Clients can donate both permanent life insurance (including whole life and universal life) and term life insurance to charity, but the donation options differ.

Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios ...

This ascertainable standard is frequently used by estate planners to determine how and when a trustee may make distributions, ...

GIFT City has made steady progress, with over 740 entities registered and banking assets crossing $78 billion by December ...

Savers are ripping up and rewriting their wills in an attempt to dodge Rachel Reeves’s inheritance tax raid. Law firm Irwin ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...

Under the current laws, you need to pay 40% Inheritance Tax on your "estate" - so your property, money and possessions - that ...

With growing political pressure to curtail benefits for non-citizens, estate planning tools like the QDOT may be vulnerable ...