Practically speaking, the federal gift tax is a tax on estates. If it wasn’t in place, the rich could simply give away the bulk of their mon

If you don’t leave behind an estate plan, your family could face major legal issues and (possibly) bitter disputes; making the plan may leav

A sale of income property incurs either a capital gain or loss. If you profit from the sale of income property, that profit is considered fu

Every day, people die intestate. In legalese, that means without a will. This opens the door for the courts to decide what happens with thei

Many affluent professionals and business owners put estate planning on hold. Only the courts and lawyers stand to benefit from their procras