Do You Need a Revocable Living Trust (Revocable Trust)?
When it comes to estate planning, a commonly used tool is a revocable living trust, also called a revocable trust or “living trust.” A revocable living trust is a legal…
When it comes to estate planning, a commonly used tool is a revocable living trust, also called a revocable trust or “living trust.” A revocable living trust is a legal…
What is an estate tax? The estate tax, sometimes also called the “death tax,” is a tax that’s levied on the transfer of a deceased person’s assets. In 2022, the…
A will ensures your possessions go to the right people after your death. You must compose yours carefully, but if your personal situation and estate aren’t complicated, you might be…
A living will sounds very similar to a last will and testament, but it serves a different purpose. Your living will puts into writing what steps you want your doctors to…
Keeping your tax returns and the documents you used to complete them obviously is critical if you’re ever audited. The statute of limitations on IRS audits is a key factor…
The last thing anyone wants to think about after a loved one passes away is probate, or the process of distributing the deceased’s property. While probate isn’t always complex, it…
Each year, everyone’s favorite annual obligation rolls around: getting those taxes filed. And whether you’re an early bird or enjoy the adrenaline rush of a last-minute race to the finish…
Medical expenses can take a big bite out of your wallet. But two special accounts — the health flexible spending account (FSA) and health savings account (HSA) — can be good…
What does the IRS tax? Just about everything. Here’s a quick guide to the difference between taxable and nontaxable income, plus a list of types of tax-free income. What type…
You’re ready to file your taxes — except for one thing: You’re still awaiting an IRS Form W-2 from an employer. Each January, companies issue W-2s to inform workers, and…