Estate tax: The federal estate tax applies to the transfer of wealth when a person dies. It is assessed on the total value of the decedent's estate, including real estate, investments and personal ...

The "Great Wealth Transfer" is upon us, an unprecedented shift in financial assets predicted to reshape millions' financial futures. Understanding the nuances of wealth transfer is crucial for ...

Federal law allows an individual to inherit up to $13.610 million tax-free as of the 2024 tax year. For 2025, the maximum rises to $13.99 million. 1 There is no limit to the tax-free status for ...

This article explores three major trends in intergenerational wealth transfer: lifetime financial gifts, education funding and real estate transfers. By understanding these strategies, retirees ...

2. Ensure clear communication. To effectively prepare family members for roles in family business and real estate management, it's important to craft a clear, well-communicated succession plan.

In contrast, wealth preservation is about protecting what you’ve built, such as by minimizing losses, mitigating risks, and optimizing your tax, retirement, and estate transfer strategies.

He is a managing partner and senior wealth advisor of Private Wealth Management for UMB Bank in Leawood. This story was originally published May 31, 2023 at 5:00 AM.

by: Sponsored Content by Strategies for Wealth Management Posted: Sep 13, 2023 / 02:30 PM EDT Updated: Sep 13, 2023 / 04:21 PM EDT ...