The Internal Revenue Service (IRS) has announced the 2019 limits for gift taxes and estates -- and it's a huge relief for many wealthy seniors who may have been worried about any large gifts they hoped to pass along to their heirs.
When a beloved relative's health and mental functioning are seemingly in decline, it's only natural for relatives to want to step in and protect him or her from abuses.
Did the widow of singer-songwriter Sir Mack Rice, the legendary composer of Mustang Sally and other iconic hits, defraud her husband while he was alive?
If you have not yet brought up the subject of estate planning with your parents, you are not alone. Many families are just not comfortable talking about money around each other and the subject of death is never easy to bring up. Your parents may have also shied away from the subject because they feel insecure about discussing their finances or they may believe they will lose control of their money.
Are you worried that the wealth you intend to pass on to your heirs will cause those heirs to lose their focus and falter on the path to personal success?
What happens when an elderly loved one needs someone to handle his or her financial affairs as a conservator? What if they also need someone to take charge of their day-to-day welfare as a legal guardian? Is it better to have a family member of a professional handle the job?