Considerable assets found hidden in New Zealand. Many foreign trusts have failed to register under the new trust laws of New Zealand and may have fled the country, according to the Wills, Trusts & Estates Prof Blog in “Trust the Kiwis.” New Zealand has had lax laws and allowed foreigners to have tax-free trusts with […]

Senate Republicans move forward to develop own bill to end ACT. A Senate version to repeal the Affordable Care Act continues to wind its ways through the legislative process, according to Politico in “Senate GOP prepares for Obamacare repeal vote next week.” The House has previously passed its own bill. The biggest problem with the […]

This is one area where you have a limited time to put off the task. If you procrastinate and it carries over into estate planning, you should recognize that time will indeed run out on that issue, according to the Twin Cities Pioneer Press in “3 moves you should make in the first 3 years […]

Millennials also expect their own children will help them in retirement. Millennials expect that their parents and their children will help them out in their retirement years, according to Financial Advisor in “Millennials Want Family Help in Retirement.” There are sometimes big differences between generations. For example, 61% of millennials expect to receive an inheritance […]

The state was attempting to collect tax without consideration for residency. A tax court has decided that Minnesota’s trust taxation is unconstitutional, according to the Wills, Trusts & Estates Prof Blog in “Tax Refunds for Trusts With Minnesota Grantors? Minnesota Income Tax Statute Ruled Unconstitutional.” Minnesota’s income tax statute makes 100% of a trust’s assets […]

New Jersey considers blood and organ donation tax credit. A lack of organ donations can cause unnecessary deaths. The New Jersey Assembly is considering another idea to increase donations, according to the Tax Foundation in “Organ Donation Tax Credits: A Life or Death Proposal?.” Getting people and their families to agree to donate organs has […]

It would wise of people to consider an estate tax bill, regardless of the size of their estate. There are some forgotten estate taxes that can create problems, according to Wills, Trusts & Estates Prof Blog points out in “Don’t Underestimate State Estate Taxes.” Most people will pay attention to the federal estate taxes because […]

Parents face a tough decision when it comes to leaving an inheritance for their children. There two schools of thought when it comes to leaving inheritances, according to Forbes in “Why Not To Leave Too Much To Your Grown Up Kids.” It is generally accepted that when parents pass away, everything they have left will […]

“Many Americans confess that they are confused when faced with the myriad Medicare choices available to them. Others are simply not planning, nor saving enough to meet the challenge of health care costs in old age. In response, a whole new industry has sprung up nationwide.” A recent iberkshires.com post, entitled “The Independent Investor: Elder […]

Staying where you are comfortable and having family and friends nearby can be an excellent retirement plan. If you are considering remaining in your home when you retire, it might be a good idea to look at your home from a different point of view, according to The New York Times in “Planning to Age […]