A cornerstone of philanthropy is charitable giving. People enjoy making meaningful contributions to causes that are close to their hearts. For those who wish to support charitable organizations while also benefiting from tax advantages and income streams, charitable remainder annuity…
To protect wealth and minimize tax burdens for beneficiaries, people seek estate planning strategies that are effective and efficient. One valuable tool in this area is the qualified personal residence trust (QPRT). This specialized trust enables individuals to transfer their…
Talk to your parents about their finances as they age. To start the conversation, mention events like the Coronavirus pandemic, the impact it has on economic conditions, and how it is related to their financial security. The conversation should come…
As we deal with a loved one's death and receive an inheritance, we experience mixed feelings. The loss of a loved one is sad but the influx of funds can bring joy or relief. It can be hard to think…
Gray divorce is becoming more common for Americans aged 50 or more. The term gray divorce generally refers to the baby boomer generation and affects all classes and education levels. Research shows that splitting during middle age is particularly damaging…