#estate planning

#estate planning

Annual gift tax exclusion: $19,000 per person in 2025 ($38,000 for couples). Lifetime gift and estate tax exemption: $13.99 million in 2025, but expected to drop in 2026. Inheritance advantage: Stepped-up basis often saves heirs from significant capital gains taxes. Trusts and spousal transfers: Effective tools for transferring property when dealing with larger estates or married couples. Gifting a property to a loved one can feel like a generous way to pass on wealth, but the stringent regulations

Q: I have been investing for decades, and I now want to transition into a safe, non-volatile, income producing account without penalties or capital gains. What are my options? A: Who wouldn't want a consistent return without risk or capital gains taxes? Sadly, this doesn't exist. If you seek safety, consider a money market fund, a CD, or treasury bills. Once the Fed starts to cut interest rates, which could be any day, rates on these investments will start to drop.

Medi-Cal is California's version of Medicaid. It's a program that helps people with lower incomes cover healthcare costs-like trips to the doctor, hospital stays, or even long-term care. It's a big deal for anyone who needs support to afford medical expenses as they get older. But heads up: some changes are coming to Medi-Cal that could affect you or your loved ones, so let's talk about what's happening and how you can get ready.

My first marriage left me a wealthy widow where we had several vacation homes but sadly no children. My second husband has two adult sons and a thriving business that is basically his third child. Despite us both being retired, he is still very involved in the business. Neither of his sons ever showed interest in taking over, so my husband has been approaching his lifelong employee, "Mike," to take over.

"I was shocked that this process was so hard. It's paper-driven. It's archaic. You're googling to-do lists that are not helpful. You're calling attorneys who might do a sliver of the work, and they cost thousands and thousands of dollars."

Managing the logistics after a death involves a series of practical steps such as transporting the body, obtaining death certificates, and planning a funeral service.

Most people avoid estate planning because it feels like preparing for death. But if you're living with a chronic condition, it's not about dying - it's about staying in charge.

Founders agree that finding the SEO equivalent for AI is the future of marketing, as more consumers take their queries to AI agents instead of search engines.

Dealing with added financial liabilities upon the passing of a loved one can feel like a few ounces of salt poured into one's deep wound.

Hsieh reportedly crafted the will to create a 'WOW factor' for beneficiaries, wanting them to 'live in the wow.'