For many families, trusts can be a useful vehicle for passing wealth to the next generation or generations. That’s not their only benefit. Trusts also can be used to help reduce taxes, avoid probate, give to charity and even manage assets if the trust owner becomes disabled. While sometimes considered the domain of the ultrawealthy,
Month: September 2022
Wealthy foreigners have had special access to U.S. citizenship since 1990. For $900,000, then $1.8 million, and now $1.05 million, the EB-5 Visa program has offered a 2-year path to citizenship. Over the last 14 months, the path has changed, disappeared, and reappeared in different forms. Uncertainty has stalled visa applications and large commercial projects.
Mehmet Oz, US Republican Senate candidate for Pennsylvania, during a news conference with Senator Pat Toomey, a Republican from Pennsylvania, in Philadelphia, Pennsylvania, on Tuesday, Sept. 6, 2022. Hannah Beier | Bloomberg | Getty Images Republican Pennsylvania Senate candidate Dr. Mehmet Oz has financial ties to at least two pharmaceutical companies that supply hydroxychloroquine, an
In this article GME SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that
Traders are now seeing a near certainty that the Federal Reserve enacts its third consecutive 0.75 percentage point interest rate increase when it meets later this month. The probability of a three-quarter point hike moved to 82% on Wednesday morning, according to the CME Group’s FedWatch tracker of fed funds futures bets. related investing news
Caroline Purser | The Image Bank | Getty Images In the two weeks since President Joe Biden made his announcement on federal student loan forgiveness, many new details have emerged on how the historic plan will work, including who qualifies for it and when borrowers may see their balances reduced. Meanwhile, news last week that
Imagine, for a moment, a functioning, well-developed system for improving the lives of frail older adults. Imagine that, instead of our current chaotic, dangerous, and needlessly expensive patchwork of care for seniors, the U.S. had a well-coordinated care model that leverages and supports paid aides, family caregivers, safe and appropriate housing, and new technology. And
Caroline Rule of Kostelanetz & Fink LLP discusses the post-Roe tax complications for employers covering abortion-related interstate travel expenses. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: wading through a post-Wade world. On June 24, the Supreme Court issued a decision in the
Redfin, a technology-powered real estate brokerage, released a collection of statistics today that illustrate some of the positive effects of the current cooling housing market. After nearly two years of a highly competitive market, once rejected buyers finally have another chance to purchase that home they always wanted, even with higher mortgage rates making it
A sign warns of extreme heat in Death Valley, California, U.S., July 11, 2021. Bridget Bennett | Reuters Speaking during a heat wave that brought California temperatures into the triple digits in much of the state, Democratic Gov. Gavin Newsom said on Wednesday that “all of our models have been thrown out” when it comes
Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. That will mean more interest rate increases and keeping rates higher for longer, she said in remarks prepared for a speech in New York. Brainard cushioned the comments with an acknowledgement that
Over 13 years of making deals on ABC’s “Shark Tank,” Kevin O’Leary says he’s noticed a common thread among the companies that have brought him the best investment returns. They’re mostly owned or run by women. “This is real data: 75% of my returns have come from companies run by women,” O’Leary tells CNBC Make
As prices rises, Americans are increasingly finding new ways to make ends meet. But with some necessary purchases, like groceries, there are fewer options that don’t involve taking on debt. That makes the option to pay later — through companies like Klarna, Zip, Zilch, Affirm and Afterpay — look increasingly attractive. More from Personal
Every financial advisor, wealth manager and financial institution will offer to help customers reach a “successful retirement”. They manage investments, and the focus is on making money last for life. Great. But they leave out a critical piece of the picture: successful retirement takes much more than adequate financial planning. What else is there? A
With 87,000 new IRS agents on the way now that the the Inflation Reduction Act is unleashing a Tougher IRS, there’s lots of tax about tax audits. After all, tax returns are annual, and getting them filed also means starting the clock ticking for how long the IRS has to audit you. But when might
A quiet cul-de-sac is a prized location in any community, and that holds true for homes in Adena Meadows, a gated enclave of multimillion-dollar estates in Aurora, a town within the greater Toronto area. The collection of mansions is an outgrowth of the private Magna Golf Club, an 18-hole championship course with an initiation fee
The uptake of electric vehicles has increased in recent years, as countries around the world attempt to reduce the environmental effects of transportation. Simonskafar | E+ | Getty Images Recent comments from Elon Musk about the need for more oil and gas reflect a broader concern that the uptake of electric vehicles will be hampered
In this article NIO Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio lost $409.8 million in the second quarter, representing significantly widening losses, despite deliveries that surpassed year-ago levels and exceeded
In this article ILMN NEE BBBY DWAC FedEx trucks at Indianapolis International Airport in Indianapolis, Indiana. Kaiti Sullivan | Bloomberg | Getty Images Check out the companies making the biggest moves midday Tuesday: Illumina — Shares of the biotech company rose 2.52% after Illumina said it plans to appeal a decision by the European Commission
A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images Those who sought help from their local Social Security Administration office recently may have been met with a new challenge — long outside lines in the summer heat. That prompted congressional lawmakers to write to the federal agency
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