Structuring an Early Inheritance strategy is a way for one to distribute wealth and assets intended for heirs before demise in order to minimize estate taxes and to maximize the net transferred value ...

Sometimes, a parent will give money or property to a child or grandchild while the parent is alive. Gifts made while the gift-giver is alive are legally called “inter vivos” gifts. When there are ...

Not all money is “fun money.” ...

Q: My elderly aunt has approximately $400,000 in checking, savings and certificate of deposit accounts. I am a joint tenant with rights of survivorship of all the accounts. When she dies, will I need ...

If your late loved one was generous with gifts, then unless they kept good records you might have to turn detective when filling in inheritance tax forms. Even when an estate is not large enough to ...

With inheritance tax (IHT) bills rising fast, giving financial gifts to your loved ones early could be a great way to reduce your inheritance tax bill. Last tax year, IHT revenues hit a record high of ...

How giving to charity impacts your inheritance tax bill - and can even benefit your loved ones - IHT rules are constantly changing with pensions soon to come into the mix too ...

U.S. filing requirements mean you may also need to file tax forms and returns if you’ve bought, inherited, been gifted, or otherwise acquired assets outside of the U.S. We all know that tax season ...

Over the last few weeks, a certain brother expressed frustration that the brother’s sibling received larger and more frequent gifts from parents of the brother and sibling. That brother also ...

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business. Unfortunately, time and time again, a patriarch’s plans to pass his legacy on to ...