estate tax

The Hidden Costs of Settling an Estate

When settling an estate, you should anticipate costs beyond standard expenses such as attorneys' fees, commissions paid to the executor and court filing fees.

The Man Who Saves CEOs Billions in Taxes

From Adelson to Zuckerberg, CEOs everywhere are using these techniques from estate-planning pioneer Richard Covey to avoid paying billions of dollars in taxes.

6 Essential Documents for Estate Planning

Planning for your own death is uncomfortable, but it can prevent heartache and financial distress for your loved ones. Here are the documents experts say we all should have.

Fiscal Cliff Averted: Details of the Deal

An agreement was reached late Monday between the White House and Senate Minority Leader Mitch McConnell aimed at averting the fiscal cliff. Early Tuesday morning, the Senate passed the bill, and late Tuesday night, so did the House. Let's break down the key points of the deal.

Details of 'Fiscal Cliff' Deal Said to Emerge

Working against a midnight deadline, negotiators for the White House and congressional Republicans in Congress narrowed their differences Monday on legislation to avert across-the-board tax increases.

Taxes on Big Gifts Slated to Soar

Wealthy Americans are scrambling to transfer some of their riches before the end of the year when gift and estate taxes are set to jump. But be careful, warn the experts: Not everyone who can shift their money to the next generations right now should do it.

Year-End Tips to Trim Your 2012 Tax Tab

Year-end tax planning is trickier this time around: Unless Congress compromises, all the Bush tax cuts will expire when 2013 arrives, and many popular tax breaks that expired at the end of 2011 may not get revived. Here's how you can lower what you owe the IRS, regardless of what happens in Washington next month.

The Fiscal Cliff: Who Has the Most to Lose If We Fall Off

Beyond the land of presidential debates, the political arena is getting hotter. The pending economic catastrophe that is the "fiscal cliff" is drawing closer. But the broad numbers the pundits are tossing around hide some interesting truths about who'll feel the most pain if we hurtle over it.

What the 'Fiscal Cliff' Will Mean for You

The economy is rumbling along, out of control. Straight ahead, the road abruptly ends, yet the horses show no signs of slowing. Next stop: the fiscal cliff! Here's how the looming crisis will affect the average American family.

Pop Quiz! Who's Winning the Tax Game (and By How Much)?

To get a handle on our nation's economic problems, it helps to start with the facts. But not all of them are as obvious as you'd think, so we're compiling some of the most surprising for our readers. Think you know all the answers? Take our quiz and see.

What Candidate Romney and Queen Elizabeth Have in Common

With all the talk about Mitt Romney's worth -- as much as $255 million, we learned Friday -- we were intrigued by Monday's report on the holdings of Queen Elizabeth II. Turns out they have more in common than you'd guess, and the candidate could learn a thing or two from the monarch.

The Most-Often Overlooked Tax Deductions

Years ago the fellow who was running the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed here.

10 Most Overlooked Tax Deductions

Years ago, the fellow running the IRS told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of these deductions. Don't be one of those millions: Read on, and find out how to cut your tax bill to the bone.

This Gift-Tax Change Is a Huge Gift -- If You're Wealthy Enough

A temporary change in the tax code is creating a sweet opportunity. Through 2012, the amount you can give in tax-free gifts jumps from $1 million to $5 million. In this video, Kevin Sanderford, principal of Colorado West Investments, explains how you can take advantage of this "huge opportunity."

Heading for a Divorce? Tally and Appraise Your Assets

Except for child custody matters, dealing with the division of assets is always the main area of stress during divorce proceedings. But you can take concrete steps that will take at least some of the pain out of the process, as Part Two of our series explains.

Tax Compromise: Why Something Was Better Than Nothing

If a compromise by definition is a deal that pleases no one, then the tax deal that cleared Congress Thursday was a rousing success: Conservatives and liberals both dislike it, but those who voted for it agreed that the alternative -- letting taxes rise for everyone -- would have been worse.

Obama's Tax Deal Will Save At Least One Job: His

The $858 billion compromise tax bill passed the House Thursday at midnight, and is on its way to President Obama's desk. With its passage, and the GDP growth it will propel, his reelection is more in the bag than ever. What effect it will have on jobs for the rest of America, though, is far less clear.

Income Inequality on Course to Hit Record Levels

With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift -- a change in the tax rules that lets the rich pass their wealth on to their heirs at the lowest tax rates in decades.

Why One Liberal Favors Obama's Tax Cut Compromise

DailyFinance writer Jon Berr sees much to like in the compromise President Obama reached with congressional Republicans on taxes and unemployment compensation. And while he'd never call it perfect, as he notes, the American voters elect politicians to get stuff done, which this plan does.