Annual Gift Tax and Estate Tax Exemptions for 2026
Takeaways The federal estate tax exemption for 2026 will increase to $15 million per individual, with married couples exempt up to $30 million. The annual gift tax exclusion will remain at $19,000 per individual for 2026, with a lifetime gift and estate tax exemption...
What to Do When Someone Is Contesting a Will
Takeaways A will contest occurs when someone challenges the validity of a deceased person’s will, potentially delaying probate, increasing costs, and straining family relationships. Common grounds for challenging a will include undue influence, fraud, improper...
Can You Give Away Real Property and Avoid Probate Court?
Takeaways When passing property to heirs, using a deed can help avoid probate court. However, deeds have downsides, such as limited flexibility and lack of creditor protection for beneficiaries. If you plan to pass your home on to a family member through your will,...
Generation Gaps Among Americans in Retirement Planning
Takeaways Retirement planning confidence varies significantly across generations, influenced by economic factors and unique challenges. Current retirees advise paying down debt, beginning to save early, and utilizing employer-sponsored plans for successful retirement....