A credit shelter trust (CST) is a unique estate-planning tool many families use to protect heirs.

Accounting plays a vital role in money management and budgeting, but some people get confused about the difference between an accountant and a CPA.

Power of attorney is something that often gets talked about in legal drama TV shows and courtroom thriller movies. Although the reality of power of attorney isn’t as exciting as something produced by Hollywood, power of attorney is something you may need ...

You have probably heard of “power of attorney” before. It’s a term that’s often used in TV shows and movies involving legal drama, but what does it mean? Does it make someone an attorney? Can someone with power of attorney go to court for someone else? De...

Managing money is an important part of life for everyone, but the proper management of money becomes an even bigger deal when you start handling large sums of i= In many cases, business owners face challenges keeping track of large sums of money that are ...

An Intentionally Defective Grantor Trust (IDGT) is a unique estate-planning tool that allows you to separate and isolate certain trust assets. It's a way to split assets, separating income tax from estate tax. Many people go to a trusts lawyer to find way...

Protecting your health is important, and for most people, the ability to make their own health care decisions is a vital component in maintaining a good quality of life. Unfortunately, medical emergencies can and do happen, and some of these medical event...

Guardianship is a legal term as well as a role that requires a person to oversee the actions of another. In cases involving children, a legal guardian is someone who assumes the role of a parent, meaning the guardian is tasked with ensuring the safety and...

When people think of estate planning, they automatically picture large families and generous inheritances. But single individuals must plan their estate, too. Creating a plan is paramount, even if you don't have a partner or children to pass your assets t...

Setting up a trust can be a wonderful decision when engaging in estate planning. A trust allows you to determine where assets and accounts will go upon your passing, and it can also protect assets from certain legal and tax protocols that may apply to ass...

Planning your estate can be both daunting and somewhat morbid. Thinking about your ultimate demise is never easy, and picturing how your family's life will move on after your death is not something everyone swallows easily.

A will serves as a legal decree of your wishes after your passing. A will typically lays out what should be done with your estate in the event of your passing, and having a will can keep some assets out of probate.

Looking to buy a house in New York? It doesn't matter which of the five boroughs you're looking to move into: Expect high prices and a super competitive market. New York City is a bastion of wealth, and living here comes at a premium.

Establishing a trust is often a smart way to ensure certain assets or accounts will be passed along to the right people or beneficiaries. For some individuals, the beneficiary of a trust is a friend or charity, but others want to name family members as th...

For many people, the thought of dying is something that gets pushed to the back of the mind where it can easily be ignored. The fact is, however, that everyone will die at some point, so while it may be unpleasant to think about death, it is something eve...