The latest from Kay
Revocable Living Trust: Definition, How Living Trusts Work
Revocable living trusts, often called living trusts, are important estate planning tools.
Estate Tax: Definition, Tax Rates and Who Pays
Several states have this tax on the transfer of property after death. Know whether the rules and thresholds apply.
What Is a Living Will? How, Why, When to Prepare
A living will conveys your wishes about medical decisions if you are unable to communicate.
How Long Should You Keep Tax Records?
It ranges from three years to forever, depending on whether you meet any of these criteria.
What Is Probate? How It Works, How to Avoid
Probate is the legal process for distributing your property after you die.
Estate Planning Checklist: A 7-Step Guide to Getting Your Affairs in Order
An estate plan can give you peace of mind that your assets will be distributed according to your wishes when you die.
Tax-Free Income and Nontaxable Income: What Qualifies
All income is taxable unless the IRS explicitly says it's not.