The Hidden Costs of Making a Gift

The Hidden Costs of Making a Gift

It is better to give than to receive. But if you give a gift above a certain amount, you might end up owing money to the Internal Revenue Service (IRS). The federal tax code has very specific rules about how much you are allowed to transfer to others each year—and...
Who Should Be Your Trustee?

Who Should Be Your Trustee?

When creating a revocable living trust, you will most likely name yourself as the initial trustee so you can continue to manage your financial affairs. Eventually someone else will need to step in when you are no longer able to act due to incapacity or after your...

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