My husband and I plan to help our daughter with some of her wedding expenses. It's my understanding an individual can give $19,000 in a year without triggering a taxable event. What is the best way to ...

Unfortunately, this scenario may not play out as intended, but it does have some potential benefits. Taxes on gifts and ...

Samuel M. DiPietro of Spencer Fane discusses unique estate planning challenges of business owners of the Baby Boom generation ...

Chancellor Rachel Reeves could make some of these allowances less generous in a bid to raise more revenues for the Treasury, ...

‘I’m in the home stretch’: I’m 80. Do I leave my kids a ‘Magnificent Seven’ dynasty trust or a brokerage account?

It's important to stay informed about these new updates, especially when planning your finances, to ensure your retirement ...

Nicholas Hyett warned that the Government could target lifetime gifts and other reliefs to increase revenue still further.

Estate planning in New York is a vital step for anyone hoping to safeguard their Social Security and retirement income. It’s not just about paperwork—it’s about making sure your wishes are honored and ...

While April 2027 may seem distant, the scale of these changes means early preparation is essential. Families who leave ...

By Quentin Fottrell 'Each apartment would be priced close to $225,000' "We have $1.8 million in retirement savings." (Photo subjects are models.) Dear Quentin, My husband is in hi ...

Ezra Dyckman and Charles S. Nelson discuss how the One Big Beautiful Bill Act law makes permanent a tax rule limiting how ...

The government pulled in £4.4bn from inheritance tax ( IHT) in the past six months as more families were “quietly” pulled ...