Lisa, a 69-year-old retiree in Miami, is ready for a change. After decades of living in the outskirts of the city, she and her husband want to relocate somewhere quieter and more affordable. Their ...
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My husband and I put our $1.2 million house in an irrevocable trust. Can we sell the home and buy another one?
‘Do we have to buy a house for equal value or can we buy a less expensive house?’ My husband is 70 and I’m 68. He just began taking Social Security from which he gets $4,700 a month. I am going to ...
Forbes contributors publish independent expert analyses and insights. I write about charitable giving and estate planning ideas. Many taxpayers created irrevocable trusts and transferred significant ...
An irrevocable trust is one of the most indispensable estate planning tools. It can be used to access certain government benefits, minimize estate taxes, and protect assets within the trust.
'Do we have to buy a house for equal value or can we buy a less expensive house?' "We live on Long Island where taxes are extremely high and find the area to be more and more congested." (Photo ...
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