A so-called defective trust may help business owners transfer wealth to other family members during their lifetime in a tax efficient manner.
A new report found that the cost of Social Security is projected to exceed its income in 2020 and the trust funds are projected to be depleted in 2035.
Now that the first tax season under tax reform is in the books, what are some tax planning considerations for the rest of the year.
Under tax reform, the federal estate tax applies to fewer estates, yet more than a dozen states have estate or inheritance taxes.
Changes to retirement accounts could be on the horizon as Congress considers legislation to enhance 401(k) plans and other retirement accounts.
For investors preparing for retirement, it may be more difficult to distribute retirement income than to accumulate.
Estate planning remains an important part of financial planning and here are some considerations before the estate tax law sunsets.