Estate taxes can be complex and difficult to understand, especially since the law is frequently changing in this area. If you have estate tax planning concerns, you should seek the advice and guidance of a knowledgeable estate planning attorney. Below are a few pointers for a general ...
A fiduciary income tax return is a tax form that is used to report the income of a trust, estate, or other entities that have been legally designated as fiduciaries. The fiduciary, who is responsible for managing and distributing the income from these entities, must file this return to repor...
Estate taxes andinheritance taxesare often discussed together, but they are different: Inheritance tax is paid by a beneficiary, while estate tax is paid out of the deceased's estate before any remaining money, property or other assets are distributed. If you're the executor of an estate, you...
Historically, citizens could perform a like-kind exchange on any type of personal property, such as franchise licenses, aircraft, and equipment. However, that changed under theTax Cuts and Jobs Act of 2017, which no longer allows 1031 exchanges for personal property. Only real estate qualifies u...
A homebuyer can arrange a life tenancy with an elderly homeowner in France and pay that person a regular income in return for being named as the designated remainderman. This is called aviager. The life estate deed within a life estate is a document that grants the owner the ability to ...
Tax loss harvesting is when you sell securities for less than their cost basis, or the price you originally paid for them. This captures losses to offset gains you may have realized in other investments, including the sale of real estate, a business or another large asset. ...
An executor administers and manages the estate of someone who has died, and distributes the assets left to heirs through a will. An individual can name one person for each role or could appoint one to perform both roles.2 Like a trustee, an executor can be a trust company, a bank, a...
The ETF has a 0.35% expense ratio, which is reasonable but higher than that of many other passively managed funds. However, the fund has delivered a 71.9% year-to-date return for investors as of Dec. 18, which far exceeds more popular choices like SPY. These funds are plays on big ...
Three to six months of expenses is a good rule of thumb but your goal will vary based on your financial situation. Emily ShermanApril 24, 2025 Why Is Your Tax Refund Delayed? Here are some reasons your tax refund may take a while to receive this year – and tips for what yo...
If the beneficiary is either an estate or a trust (referred to as a non-designated beneficiary), the executor or trustee directs the distribution of assets. They may open an inherited IRA account and distribute assets according to the rules for a non-designated beneficiary.8 ...