Unclassified [#IABV2_LABEL_PURPOSES#] [#IABV2_LABEL_FEATURES#] [#IABV2_LABEL_PARTNERS#] Using Family Investment Companies for efficient succession planning Feb 7, 2025|Jonathan Riley Many families incorporate family investment companies (or “FICs”) as part of their estate planning. … ...
Needless to say, there never was a family fortune or an inheritance that needed to be ferreted out of the country. Variations on the Nigerian Scam involve other huge sums of money, such as an international lottery. Victims are informed through email that they have recently won a substantial ...
Modern life insurance policies have seen a monumental improvement in how payouts can be delivered to the policy's beneficiaries, said Bernstein. These include an installment-payout option, orannuityoption, in which the proceeds and accumulated interest are paid out regularly over the life of the b...
Learn about the probate process – applying for a grant of probate, administering an estate, paying inheritance tax, and what to do if there isn't a will.
Estate Tax and Irrevocable Trusts If you don't have an irrevocable trust, the assets that pass to your heirs are included in your estate, though the IRS allows a few asset types to be excluded from the estate. As of the time of publication, the IRS excludes $5.43 million of your covere...
A will is an essential document that ensures your wishes are respected after your death while reducing the potential for family conflict and tax complications. Whether you choose to write your will yourself or consult an attorney, it is wise to make sure you have one in place. ...
INHERITANCE & transfer taxFREE tradeCORPORATE stateCORPORATE taxesPUBLIC goodsOur paper presents a model of decentralized leadership with fiscal equalization and imperfect trade liberalization. The degree of trade integration (reflected by trade costs) turns out to have an effect on both state corporate ...
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You want tocover final expenseslike funeral costs so your loved ones don’t have to. You want toleave an inheritanceand avoid having it go through your estate. You want tobuild an investmentto help cover expenses while you’re still alive. ...