Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
Under the new Biden administration, the president has made his intentions clear about the potential to change the tax code.
The coronavirus pandemic changed nearly every aspect of our lives, including our plans for retirement.
When there is a large inheritance at stake (or even when there isn’t), it is a great idea to get everyone on the same page. A family meeting can make that happen, and it can even be enjoyable.
Women face unique challenges when planning for retirement. Making these mistakes can result in less income.
I’m a trustee selling a home in irrevocable trust for a parent who died. There are two beneficiaries who will get the sale proceeds with a stepped-up basis. I’m filing Form 1041 but do I still have to file a Form 1040 to report anything for the beneficiaries?